Can Vertiv Holdings Co (VRT) stock recover despite sales dropping?

The price of Vertiv Holdings Co (NYSE:VRT) shares last traded on Wall Street rose 1.01% to $40.15.

Based on available information, 12 analysts follow Vertiv Holdings Co (NYSE:VRT). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $51.00 and a low of $39.00, we find $45.00. Given the previous closing price of $39.75, this indicates a potential upside of 13.21 percent. VRT stock price is now 4.41% away from the 50-day moving average and 64.63% away from the 200-day moving average. The market capitalization of the company currently stands at $15.31B.

Among analysts, 1 rate the stock a hold while 10 rate it a buy. Brokers who have rated the stock have averaged $44.83 as their price target over the next twelve months.

With the price target maintained at $40, BofA Securities recently Upgraded its rating from Underperform to Buy for Vertiv Holdings Co (NYSE: VRT).

In other news, VPE Holdings, LLC, Director sold 10,000,000 shares of the company’s stock on Sep 08. The stock was sold for $375,000,000 at an average price of $37.50. Upon completion of the transaction, the Director now directly owns 7,955,215 shares in the company, valued at $319.4 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 07, Chief Accounting Officer Cripps Scott sold 36,008 shares of the business’s stock. A total of $1,385,188 was realized by selling the stock at an average price of $38.47. Insiders disposed of 36,384,594 shares of company stock worth roughly $1.46 billion over the past 1 year. A total of 8.77% of the company’s stock is owned by insiders.

A candlestick chart of Vertiv Holdings Co (NYSE: VRT) showed a price of $40.08 on Tuesday morning. During the past 12 months, Vertiv Holdings Co has had a low of $11.95 and a high of $43.13. As of last week, the company has a debt-to-equity ratio of 1.82, a current ratio of 1.72, and a quick ratio of 1.28. According to the stock market information, the enterprise value for the company is $17.78B, which is based on a 61.65 price-to-earnings ratio, a 0.91 price-to-earnings-growth ratio, and a beta of 1.42. The fifty day moving average price for VRT is $38.45 and a two-hundred day moving average price translates $24.39 for the stock.

The latest earnings results from Vertiv Holdings Co (NYSE: VRT) was released for Sep, 2023. According to the Electrical Equipment & Parts Company, earnings per share came in at $0.46, beating analysts’ expectations of $0.29 by 0.17. This compares to $0.06 EPS in the same period last year. The net profit margin was 3.82% and return on equity was 17.05% for VRT. The company reported revenue of $1.74 billion for the quarter, compared to $1.48 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.66 percent. For the current quarter, analysts expect VRT to generate $1.75B in revenue.

Vertiv Holdings Co(VRT) Company Profile

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. It offers AC and DC power management products, switchgear and busbar 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. The company also provides lifecycle management services, predictive analytics, and professional services for deploying, maintaining, and optimizing its products and their related systems; and preventative maintenance, acceptance testing, engineering and consulting, performance assessments, remote monitoring, training, spare parts, and digital critical infrastructure software services. It offers its products primarily under the Vertiv, Liebert, NetSure, Geist, E&I, Powerbar, and Avocent brands. The company serves social media, financial services, healthcare, transportation, retail, education, and government industries through a network of direct sales professionals, independent sales representatives, channel partners, and original equipment manufacturers. Vertiv Holdings Co is headquartered in Westerville, Ohio.

Related Posts