Vertiv (NYSE:VRT) Given New $11.75 Price Target at Cowen

Vertiv (NYSE:VRTGet Rating) had its price target dropped by equities research analysts at Cowen from $12.75 to $11.75 in a research report issued to clients and investors on Friday, Stock Target Advisor reports. Cowen’s price target indicates a potential upside of 15.99% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. Citigroup increased their price target on Vertiv from $14.00 to $15.00 in a report on Thursday, August 4th. Mizuho dropped their price objective on shares of Vertiv from $13.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, July 18th. The Goldman Sachs Group raised their target price on Vertiv from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. TheStreet upgraded Vertiv from a “d” rating to a “c” rating in a report on Thursday, September 15th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Vertiv from $16.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, July 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Vertiv presently has an average rating of “Hold” and a consensus target price of $15.75.

Vertiv Trading Down 8.2 %

Shares of NYSE VRT traded down $0.90 during midday trading on Friday, reaching $10.13. The stock had a trading volume of 128,738 shares, compared to its average volume of 2,803,957. Vertiv has a twelve month low of $7.76 and a twelve month high of $27.97. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.11 and a current ratio of 1.55. The company’s 50 day moving average price is $11.86 and its 200 day moving average price is $11.48. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 336.33, a price-to-earnings-growth ratio of 1.36 and a beta of 1.40.

Vertiv (NYSE:VRTGet Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.10 EPS for the quarter, meeting analysts’ consensus estimates of $0.10. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Vertiv had a net margin of 2.06% and a return on equity of 7.73%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 earnings per share. As a group, sell-side analysts expect that Vertiv will post 0.61 EPS for the current year.

Institutional Investors Weigh In On Vertiv

Hedge funds have recently modified their holdings of the stock. Swiss National Bank raised its position in shares of Vertiv by 29.8% in the first quarter. Swiss National Bank now owns 755,100 shares of the company’s stock valued at $10,571,000 after purchasing an additional 173,500 shares during the period. Arizona State Retirement System grew its holdings in Vertiv by 21.3% during the 1st quarter. Arizona State Retirement System now owns 86,318 shares of the company’s stock valued at $1,208,000 after buying an additional 15,177 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Vertiv by 29.5% in the first quarter. Teacher Retirement System of Texas now owns 66,197 shares of the company’s stock worth $927,000 after buying an additional 15,099 shares in the last quarter. Bard Financial Services Inc. grew its stake in Vertiv by 16.1% during the first quarter. Bard Financial Services Inc. now owns 36,050 shares of the company’s stock valued at $505,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in Vertiv by 17.0% during the 4th quarter. Rhumbline Advisers now owns 288,701 shares of the company’s stock worth $7,209,000 after acquiring an additional 41,969 shares during the period. Institutional investors own 88.42% of the company’s stock.

About Vertiv

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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. It offers AC and DC power management products, thermal management products, integrated rack systems, modular solutions, and management systems for monitoring and controlling digital infrastructure that are integral to the technologies used for various services, including e-commerce, online banking, file sharing, video on-demand, energy storage, wireless communications, Internet of Things, and online gaming.

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