Royal Bank of Canada Upgrades Vertiv (NYSE:VRT) to Moderate Buy

Royal Bank of Canada upgraded shares of Vertiv (NYSE:VRT) to a moderate buy rating in a research report report published on Thursday morning,Zacks.com reports.

Several other equities research analysts have also recently commented on VRT. Citigroup boosted their target price on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Barclays lowered their price target on Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. The Goldman Sachs Group boosted their price target on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Oppenheimer boosted their price target on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Finally, TD Cowen boosted their price target on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Vertiv currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.07.

Vertiv Trading Up 3.8 %

NYSE VRT opened at $85.16 on Thursday. The stock has a market capitalization of $32.43 billion, a price-to-earnings ratio of 66.53, a PEG ratio of 1.07 and a beta of 1.71. The stock’s 50 day moving average price is $115.09 and its two-hundred day moving average price is $110.71. 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 has a 52 week low of $62.40 and a 52 week high of $155.84.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating 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 in the previous year, the business posted $0.56 EPS. As a group, analysts anticipate that Vertiv will post 3.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. grew its holdings in Vertiv by 430.5% in the 3rd quarter. Principal Financial Group Inc. now owns 165,557 shares of the company’s stock valued at $16,471,000 after buying an additional 134,349 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Vertiv in the 3rd quarter valued at $101,000. Seascape Capital Management acquired a new position in Vertiv in the 3rd quarter valued at $3,017,000. Lindbrook Capital LLC grew its holdings in Vertiv by 400.7% in the 3rd quarter. Lindbrook Capital LLC now owns 4,076 shares of the company’s stock valued at $406,000 after buying an additional 3,262 shares in the last quarter. Finally, Atria Investments Inc grew its holdings in Vertiv by 45.6% in the 3rd quarter. Atria Investments Inc now owns 16,690 shares of the company’s stock valued at $1,660,000 after buying an additional 5,225 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

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.