JPMorgan Chase & Co. Raises Vertiv (NYSE:VRT) Price Target to $100.00

Vertiv (NYSE:VRT) had its price objective hoisted by research analysts at JPMorgan Chase & Co. from $95.00 to $100.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 18.30% from the stock’s current price.

A number of other equities research analysts also recently weighed in on VRT. Oppenheimer initiated coverage on Vertiv in a research note on Friday, April 5th. They set an “outperform” rating and a $96.00 price target for the company. Mizuho raised their price objective on Vertiv from $50.00 to $56.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Bank of America raised their price objective on Vertiv from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Evercore ISI raised their price objective on Vertiv from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Finally, Citigroup raised their price objective on Vertiv from $69.00 to $102.00 and gave the company a “buy” rating in a research note on Monday, April 8th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $75.33.

Vertiv Trading Up 6.8 %

NYSE:VRT opened at $84.53 on Thursday. Vertiv has a 1 year low of $12.22 and a 1 year high of $94.39. The stock has a market cap of $32.29 billion, a price-to-earnings ratio of 71.64, a PEG ratio of 1.26 and a beta of 1.59. The business has a fifty day moving average of $75.35 and a 200-day moving average of $56.87. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.35 and a current ratio of 1.74.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. Vertiv had a return on equity of 39.46% and a net margin of 6.71%. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the prior year, the business posted $0.24 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities analysts predict that Vertiv will post 2.36 earnings per share for the current year.

Insider Buying and Selling at Vertiv

In other Vertiv news, CAO Scott Cripps sold 56,594 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $70.76, for a total value of $4,004,591.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CAO Scott Cripps sold 56,594 shares of Vertiv stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $70.76, for a total transaction of $4,004,591.44. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Stephen Liang sold 306,196 shares of Vertiv stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $70.24, for a total value of $21,507,207.04. Following the sale, the executive vice president now directly owns 51,841 shares in the company, valued at approximately $3,641,311.84. The disclosure for this sale can be found here. Insiders own 5.62% of the company’s stock.

Hedge Funds Weigh In On Vertiv

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. raised its stake in Vertiv by 355.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,750 shares of the company’s stock worth $1,776,000 after acquiring an additional 16,971 shares in the last quarter. Arlington Capital Management Inc. acquired a new stake in shares of Vertiv during the 1st quarter worth about $222,000. Dakota Wealth Management acquired a new stake in shares of Vertiv during the 1st quarter worth about $2,862,000. Simplicity Wealth LLC acquired a new stake in shares of Vertiv during the 1st quarter worth about $1,568,000. Finally, Cookson Peirce & Co. Inc. increased its position in shares of Vertiv by 3.5% during the 1st quarter. Cookson Peirce & Co. Inc. now owns 49,724 shares of the company’s stock worth $4,061,000 after purchasing an additional 1,671 shares in the last quarter. 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.