Vertiv (NYSE:VRT) Upgraded at Royal Bank of Canada

Royal Bank of Canada upgraded shares of Vertiv (NYSE:VRT) to a moderate buy rating in a report issued on Thursday morning,Zacks.com reports.

Several other analysts have also recently commented on the company. Fox Advisors initiated coverage on Vertiv in a report on Monday, January 6th. They set an “equal weight” rating on the stock. Evercore ISI decreased their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Melius Research reiterated a “hold” rating and issued a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. The Goldman Sachs Group lifted their price objective on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, Barclays lowered their price objective on Vertiv from $131.00 to $111.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $136.07.

Vertiv Stock Performance

Shares of NYSE:VRT opened at $85.16 on Thursday. The business’s fifty day moving average price is $115.09 and its two-hundred day moving average price is $110.71. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The stock has a market capitalization of $32.43 billion, a price-to-earnings ratio of 66.53, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. Vertiv has a fifty-two week low of $62.40 and a fifty-two week high of $155.84.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same quarter in the previous year, the firm earned $0.56 EPS. As a group, analysts predict that Vertiv will post 3.59 EPS for the current fiscal year.

Hedge Funds Weigh In On Vertiv

Several institutional investors have recently modified their holdings of VRT. Fifth Third Bancorp lifted its holdings in shares of Vertiv by 8.1% during the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock valued at $128,000 after purchasing an additional 84 shares in the last quarter. Prestige Wealth Management Group LLC lifted its holdings in shares of Vertiv by 2.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company’s stock valued at $420,000 after purchasing an additional 85 shares in the last quarter. Accurate Wealth Management LLC lifted its holdings in shares of Vertiv by 4.1% during the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock valued at $254,000 after purchasing an additional 87 shares in the last quarter. Horizon Investment Services LLC lifted its holdings in shares of Vertiv by 4.1% during the 4th quarter. Horizon Investment Services LLC now owns 2,410 shares of the company’s stock valued at $274,000 after purchasing an additional 95 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC lifted its holdings in shares of Vertiv by 3.1% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company’s stock valued at $367,000 after purchasing an additional 97 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

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.