Bank of America Securities analyst Andrew Obin maintained a Buy rating on Vertiv Holdings (VRT – Research Report) today. The company’s shares opened today at $77.88.
Obin covers the Industrials sector, focusing on stocks such as 3M, Pentair, and Vertiv Holdings. According to TipRanks, Obin has an average return of 12.1% and a 64.42% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Vertiv Holdings with a $67.83 average price target, implying a -12.90% downside from current levels. In a report released on March 21, TD Cowen also maintained a Buy rating on the stock with a $69.00 price target.
Based on Vertiv Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.74 billion and a net profit of $94.1 million. In comparison, last year the company earned a revenue of $1.48 billion and had a net profit of $21.2 million
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VRT in relation to earlier this year. Last month, Stephen Liang, the CTO & EVP of VRT sold 306,196.00 shares for a total of $21,506,654.80.
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Vertiv Holdings (VRT) Company Description:
Vertiv Holdings Co. engages in the design, manufacturing, and servicing of critical digital infrastructure technology that powers, cools, deploys, secures and maintains electronics that process, store and transmit data. It also offers power management products, thermal management products, integrated rack systems, modular solutions, and management systems for monitoring and controlling digital infrastructure. It carries out its operations in the following geographical segments: Americas, Asia Pacific, and EMEA. The company was founded on February 7, 2020 and is headquartered in Columbus, OH.
