Bank of America Securities Remains a Buy on Vertiv Holdings (VRT)

In a report released today, Andrew Obin from Bank of America Securities maintained a Buy rating on Vertiv Holdings (VRT – Research Report). The company’s shares opened today at $80.45.

Obin covers the Industrials sector, focusing on stocks such as Vertiv Holdings, 3M, and Eaton. According to TipRanks, Obin has an average return of 12.4% and a 62.50% success rate on recommended stocks.

Currently, the analyst consensus on Vertiv Holdings is a Strong Buy with an average price target of $85.57, implying a 6.36% upside from current levels. In a report released on April 11, J.P. Morgan also maintained a Buy rating on the stock with a $95.00 price target.

VRT market cap is currently $30.81B and has a P/E ratio of 67.70.

Based on the recent corporate insider activity of 53 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.