Barclays Lowers Vertiv (NYSE:VRT) Price Target to $111.00

Vertiv (NYSE:VRT) had its price target lowered by Barclays from $131.00 to $111.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other equities research analysts have also weighed in on VRT. The Goldman Sachs Group raised their price target on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Evercore ISI lowered their price target on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. UBS Group started coverage on shares of Vertiv in a report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target for the company. Fox Advisors started coverage on shares of Vertiv in a report on Monday, January 6th. They set an “equal weight” rating for the company. Finally, Melius Research reissued a “hold” rating and set a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $137.14.

Vertiv Price Performance

Vertiv stock opened at $85.49 on Monday. Vertiv has a 52-week low of $62.40 and a 52-week high of $155.84. The firm has a fifty day moving average of $117.70 and a 200-day moving average of $110.74. The firm has a market capitalization of $32.09 billion, a P/E ratio of 66.79, a PEG ratio of 1.07 and a beta of 1.64. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping 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 last year, the company earned $0.56 earnings per share. As a group, analysts predict that Vertiv will post 3.59 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Vertiv by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company’s stock worth $4,130,415,000 after buying an additional 1,244,780 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Vertiv by 68.6% in the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock worth $880,971,000 after buying an additional 3,153,932 shares during the last quarter. State Street Corp lifted its position in shares of Vertiv by 4.2% in the 3rd quarter. State Street Corp now owns 7,635,081 shares of the company’s stock worth $759,614,000 after buying an additional 308,704 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Vertiv by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company’s stock worth $688,260,000 after buying an additional 99,181 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of Vertiv in the 4th quarter worth about $597,379,000. 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.