Equities research analysts at JPMorgan Chase & Co. initiated coverage on shares of Vertiv (NYSE:VRT) in a report issued on Thursday, The Fly reports. The brokerage set an “overweight” rating and a $25.00 price target on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 18.09% from the stock’s previous close.
Other research analysts have also issued research reports about the company. Zacks Investment Research raised Vertiv from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 17th. Deutsche Bank Aktiengesellschaft boosted their price objective on Vertiv from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, February 25th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Vertiv presently has an average rating of “Buy” and an average target price of $21.88.
VRT stock opened at $21.17 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.53 and a debt-to-equity ratio of 6.87. The firm has a market capitalization of $7.44 billion, a PE ratio of -19.97, a PEG ratio of 0.65 and a beta of 1.00. Vertiv has a twelve month low of $8.19 and a twelve month high of $22.43. The stock has a 50-day simple moving average of $20.60 and a two-hundred day simple moving average of $19.21.
Large investors have recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc bought a new stake in Vertiv in the 4th quarter worth approximately $75,000. Hudock Inc. lifted its position in Vertiv by 99.7% in the 4th quarter. Hudock Inc. now owns 4,533 shares of the company’s stock worth $84,000 after buying an additional 2,263 shares during the last quarter. Toronto Dominion Bank bought a new stake in Vertiv in the 4th quarter worth approximately $93,000. Nisa Investment Advisors LLC bought a new stake in Vertiv in the 4th quarter worth approximately $106,000. Finally, Itau Unibanco Holding S.A. lifted its position in Vertiv by 1,595.9% in the 4th quarter. Itau Unibanco Holding S.A. now owns 2,035,030 shares of the company’s stock worth $109,000 after buying an additional 1,915,030 shares during the last quarter. Institutional investors own 88.46% of the company’s stock.
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.
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