Stocks of Vertiv Holdings Co (NYSE:VRT) traded higher last session on Wall Street, up 5.87% to $112.44.
VRT stock price is now 14.65% away from the 50-day moving average and 32.10% away from the 200-day moving average. The market capitalization of the company currently stands at $42.20B.
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With the price target of $125, Jefferies recently initiated with Buy rating for Vertiv Holdings Co (NYSE: VRT). On August 07, 2024, Mizuho Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock reducing its target price from $95 to quote $92, while ‘Oppenheimer’ rates the stock as ‘Outperform’
In other news, Winther Karsten, President, EMEA sold 44,924 shares of the company’s stock on Sep 03 ’24. The stock was sold for $3,593,664 at an average price of $79.99. Upon completion of the transaction, the President, EMEA now directly owns 10,542 shares in the company, valued at $1.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 03 ’24, Officer KARSTEN WINTHER bought 44,924 shares of the business’s stock. A total of $3,593,567 was incurred on buying the stock at an average price of $79.99. A total of 2.51% of the company’s stock is owned by insiders.
During the past 12 months, Vertiv Holdings Co has had a low of $38.68 and a high of $116.41. As of last week, the company has a debt-to-equity ratio of 1.72, a current ratio of 1.38, and a quick ratio of 1.02. According to the stock market information, the enterprise value for the company is $44392980480, which is based on a 74.82 price-to-earnings ratio, a 2.21 price-to-earnings-growth ratio, and a beta of 1.60. The fifty day moving average price for VRT is $97.3868 and a two-hundred day moving average price translates $84.8242 for the stock.
The latest earnings results from Vertiv Holdings Co (NYSE: VRT) was released for 2024-09-30. The net profit margin was 7.72% and return on equity was 32.96% for VRT. The company reported revenue of $2.07 billion for the quarter, compared to $1.74 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.99 percent.
