The price of Vertiv Holdings Co (NYSE:VRT) shares last traded on Wall Street rose 0.47% to $82.50.
VRT stock price is now 31.28% away from the 50-day moving average and 92.11% away from the 200-day moving average. The market capitalization of the company currently stands at $31.51B.
With the price target maintained at $40, BofA Securities recently Upgraded its rating from Underperform to Buy for Vertiv Holdings Co (NYSE: VRT). , while ‘Cowen’ rates the stock as ‘Outperform’
In other news, Cripps Scott, Chief Accounting Officer sold 56,594 shares of the company’s stock on Mar 08 ’24. The stock was sold for $4,004,869 at an average price of $70.76. Upon completion of the transaction, the Chief Accounting Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01 ’24, Chief Technology Officer & EVP Liang Stephen sold 306,196 shares of the business’s stock. A total of $21,506,655 was realized by selling the stock at an average price of $70.24. This leaves the insider owning 51,841 shares of the company worth $4.28 million. A total of 4.37% of the company’s stock is owned by insiders.
During the past 12 months, Vertiv Holdings Co has had a low of $11.95 and a high of $84.75. As of last week, the company has a debt-to-equity ratio of 1.55, a current ratio of 1.74, and a quick ratio of 1.35. According to the stock market information, the enterprise value for the company is $33.86B, which is based on a 70.13 price-to-earnings ratio, a 2.63 price-to-earnings-growth ratio, and a beta of 1.59. The fifty day moving average price for VRT is $63.51 and a two-hundred day moving average price translates $43.26 for the stock.
The latest earnings results from Vertiv Holdings Co (NYSE: VRT) was released for Dec, 2023. According to the Electrical Equipment & Parts Company, earnings per share came in at $0.56, beating analysts’ expectations of $0.53 by 0.03. This compares to $0.07 EPS in the same period last year. The net profit margin was 6.71% and return on equity was 26.63% for VRT. The company reported revenue of $1.87 billion for the quarter, compared to $1.65 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.74 percent. For the current quarter, analysts expect VRT to generate $1.62B in revenue.
