Vertiv (NYSE:VRT) Stock Price Down 0.8% - What's Next?

Vertiv Holdings Co (NYSE:VRT) experienced a decline in its share price, falling 0.8% during trading on Thursday. The stock reached a low of $93.70 before settling at $97.80. A total of 5,170,356 shares were exchanged during midday trading, which is a significant drop of 52% compared to the average session volume of 10,675,347 shares. The previous closing price for the stock was $98.61.

Analyst Ratings Changes

Several analysts have provided updates regarding Vertiv's stock. For instance, on November 19th, JPMorgan Chase & Co. raised their target price for Vertiv shares from $124.00 to $132.00, assigning an "overweight" rating to the company. Meanwhile, on November 13th, UBS Group initiated coverage on Vertiv, endorsing a "buy" rating with a target price of $155.00. On January 17th, Evercore ISI adjusted their price target downward from $150.00 to $145.00, while maintaining an "outperform" rating. Melius Research reiterated a "hold" rating and set a price target of $125.00 on January 28th. Additionally, TD Cowen increased their target price from $115.00 to $141.00, giving the stock a "buy" rating. In total, four equity research analysts provided a hold rating, while eleven analysts recommended buying the stock. The consensus rating for Vertiv is currently categorized as a "Moderate Buy," supported by a price target of $138.57 based on MarketBeat's data.

Vertiv Stock Performance

Looking at Vertiv's overall market metrics, the company boasts a market capitalization of $34.60 billion, a price-to-earnings (P/E) ratio of 72.02, a price-to-earnings growth (PEG) ratio of 1.07, and a beta of 1.64. The company holds a current ratio of 1.65, a quick ratio of 1.02, and a debt-to-equity ratio of 1.19. As for moving averages, the stock's performance over the last 50 days averages at $119.31 and over the last 200 days at $110.24. Latest earnings results published on February 12th revealed that Vertiv reported $0.99 earnings per share, surpassing analysts' expectations of $0.84 by $0.15. Furthermore, Vertiv has shown impressive metrics, including a return on equity of 61.41% and a net margin of 6.19%. Analysts anticipate that Vertiv Holdings Co will report an earnings per share figure of 3.59 for the current fiscal year.

Institutional Investors Weigh In On Vertiv

Institutional investors have been active regarding their investments in Vertiv. For example, Virtue Capital Management LLC increased its shareholdings by 4.6% in the fourth quarter, now controlling 15,750 shares valued at $1,789,000. Meanwhile, B. Riley Wealth Advisors Inc. expanded its stake by 31.6%, owning 8,555 shares now worth $972,000. Ameriflex Group Inc. also entered into a new position during this quarter at approximately $37,000. Mackenzie Financial Corp boosted its stake by 24.5%, acquiring 104,187 shares valued at $11,837,000. Lastly, Forum Financial Management LP acquired a new position valued at about $307,000. Overall, about 89.92% of Vertiv's stock is held by institutional investors.

About Vertiv

Vertiv Holdings Co is involved in the design, manufacture, and servicing of critical digital infrastructure technologies and life-cycle services tailored for data centers, communication networks, and a range of commercial and industrial settings across the Americas, Asia Pacific, Europe, the Middle East, and Africa.

Should You Invest $1,000 in Vertiv Right Now?

If you're considering an investment in Vertiv, it's crucial to be informed. Although Vertiv carries a "Moderate Buy" rating from analysts, it has been noted that top-rated analysts recommend several other stocks over Vertiv. This suggests that there might be potentially better investment opportunities available. To discover these preferred stocks, it’s advisable to delve deeper into market analysis before making investment decisions.

Vertiv, Stock, Investment