Morgan Stanley Has Lowered Expectations for Vertiv (NYSE:VRT) Stock Price

Vertiv (NYSE:VRT - Get Free Report) had its price target reduced by investment analysts at Morgan Stanley from $140.00 to $125.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Morgan Stanley's target price would suggest a potential upside of 45.13% from the stock's previous close.

Other analysts have also issued research reports about the stock. Barclays reduced their target price on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research note on Friday, April 4th. Fox Advisors assumed coverage on Vertiv in a research report on Monday, January 6th. They set an "equal weight" rating on the stock. Evercore ISI cut their price objective on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday, January 17th. Melius cut Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price on the stock. in a research report on Tuesday, January 28th. Finally, Roth Capital raised Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $120.38.

Vertiv Stock Down 0.9 %

VRT traded down $0.82 on Thursday, hitting $86.13. 8,861,010 shares of the company were exchanged, compared to its average volume of 8,988,275. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The stock's fifty day moving average is $81.05 and its 200-day moving average is $107.57. The company has a market cap of $32.80 billion, a PE ratio of 67.29, a PEG ratio of 1.07 and a beta of 1.71. Vertiv has a 12 month low of $53.60 and a 12 month high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The firm had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the prior year, the company earned $0.43 earnings per share. The company's quarterly revenue was up 24.2% on a year-over-year basis. Equities research analysts predict that Vertiv will post 3.59 EPS for the current fiscal year.

Hedge Funds Weigh In On Vertiv

Large investors have recently made changes to their positions in the stock. Barclays PLC raised its holdings in shares of Vertiv by 51.4% in the 3rd quarter. Barclays PLC now owns 431,586 shares of the company's stock worth $42,940,000 after purchasing an additional 146,463 shares during the period. World Investment Advisors LLC acquired a new position in Vertiv during the 3rd quarter valued at about $1,230,000. Wilmington Savings Fund Society FSB bought a new stake in Vertiv during the third quarter worth approximately $584,000. Blankinship & Foster LLC purchased a new position in shares of Vertiv in the third quarter worth approximately $8,798,000. Finally, B. Riley Wealth Advisors Inc. grew its position in Vertiv by 18.6% during the third quarter. B. Riley Wealth Advisors Inc. now owns 6,502 shares of the company's stock valued at $660,000 after purchasing an additional 1,021 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

About Vertiv

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.