In yesterday’s Wall Street session, Vertiv Holdings Co (NYSE:VRT) shares traded at $140.94, up 14.57% from the previous session.
VRT stock price is now 30.93% away from the 50-day moving average and 59.17% away from the 200-day moving average. The market capitalization of the company currently stands at $52.90B.
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With the price target of $155, UBS recently initiated with Buy rating for Vertiv Holdings Co (NYSE: VRT). On October 07, 2024, Jefferies recently initiated its ‘Buy’ rating on the stock quoting a target price of $125, while ‘Mizuho’ rates the stock as ‘Outperform’
In other news, Washington Robin L, Director bought 5,000 shares of the company’s stock on Nov 19 ’24. The stock was bought for $673,509 at an average price of $134.70. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 03 ’24, President, EMEA Winther Karsten sold 44,924 shares of the business’s stock. A total of $3,593,664 was realized by selling the stock at an average price of $79.99. This leaves the insider owning 10,542 shares of the company worth $1.49 million. A total of 2.44% of the company’s stock is owned by insiders.
During the past 12 months, Vertiv Holdings Co has had a low of $41.01 and a high of $130.30. 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 $55090053120, which is based on a 93.78 price-to-earnings ratio, a 2.77 price-to-earnings-growth ratio, and a beta of 1.60. The fifty day moving average price for VRT is $106.3358 and a two-hundred day moving average price translates $88.1508 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. For the current quarter, analysts expect VRT to generate $2.15B in revenue.
