Royal Bank of Canada Initiates Coverage on Vertiv (NYSE:VRT)

Equities researchers at Royal Bank of Canada initiated coverage on shares of Vertiv (NYSE:VRT) in a note issued to investors on Friday, Marketbeat Ratings reports. The brokerage set an “outperform” rating and a $121.00 price target on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 42.08% from the company’s current price.

VRT has been the topic of a number of other reports. Morgan Stanley began coverage on Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target on the stock. The Goldman Sachs Group upped their target price on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Melius Research reiterated a “hold” rating and set a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. UBS Group initiated coverage on Vertiv in a report on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price on the stock. Finally, Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a report on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $136.07.

Vertiv Trading Up 3.8 %

Shares of Vertiv stock opened at $85.16 on Friday. The stock has a market capitalization of $32.43 billion, a P/E ratio of 66.53, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The company has a 50-day simple moving average of $115.09 and a 200 day simple moving average of $110.71. Vertiv has a 12-month low of $62.40 and a 12-month high of $155.84.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.15. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. During the same period in the previous year, the firm posted $0.56 earnings per share. Research analysts expect that Vertiv will post 3.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vertiv

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

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.