Vertiv (NYSE:VRT) Price Target Cut to $98.00 by Analysts at Citigroup

Vertiv (NYSE:VRT) had its target price reduced by stock analysts at Citigroup from $153.00 to $98.00 in a report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price objective would suggest a potential upside of 35.14% from the stock’s previous close.

VRT has been the subject of several other research reports. Fox Advisors started coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating for the company. Roth Capital upgraded Vertiv to a “strong-buy” rating in a research note on Monday, April 7th. Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research report on Tuesday, January 28th. Melius Research reissued a “hold” rating and issued a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Finally, Roth Mkm initiated coverage on shares of Vertiv in a research note on Tuesday, April 8th. They issued a “buy” rating and a $75.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $121.94.

Vertiv Stock Up 1.3 %

Vertiv stock opened at $72.52 on Monday. The firm’s 50 day moving average price is $87.28 and its two-hundred day moving average price is $109.12. The firm has a market cap of $27.61 billion, a PE ratio of 56.65, a P/E/G ratio of 1.07 and a beta of 1.71. Vertiv has a twelve month low of $53.60 and a twelve month high of $155.84. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share 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 period last year, the company posted $0.56 EPS. On average, research analysts predict that Vertiv will post 3.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VRT. Silverleafe Capital Partners LLC bought a new stake in Vertiv in the fourth quarter valued at $4,219,000. Foundations Investment Advisors LLC lifted its holdings in Vertiv by 7.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock valued at $21,076,000 after purchasing an additional 13,559 shares during the last quarter. Empowered Funds LLC boosted its position in Vertiv by 67.0% in the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock valued at $1,043,000 after buying an additional 3,682 shares in the last quarter. Nordea Investment Management AB grew its stake in Vertiv by 3,417.9% during the fourth quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock worth $110,544,000 after buying an additional 936,698 shares during the last quarter. Finally, Register Financial Advisors LLC acquired a new stake in shares of Vertiv during the fourth quarter worth approximately $217,000. Institutional investors and hedge funds 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.