Analysts Say That Vertiv Holdings Co (NYSE:VRT) Is Likely To Make It To 115 In 12 Months

In recent trading session, Vertiv Holdings Co (NYSE:VRT) saw 1.56 million shares changing hands at last check today with its beta currently measuring 1.61. Company’s recent per share price level of $73.69 trading at -$1.46 or -1.95% at last check today assigns it a market valuation of $27.64B. That most recent trading price of VRT’s stock is at a discount of -48.28% from its 52-week high price of $109.27 and is indicating a premium of 53.05% from its 52-week low price of $34.60. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.87 million shares which gives us an average trading volume of 9.31 million if we extend that period to 3-months.

For Vertiv Holdings Co (VRT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 12 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 10 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.69 in the current quarter.

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Vertiv Holdings Co (NYSE:VRT) trade information

Upright in the red during last session for losing -1.95%, in the last five days VRT remained trading in the red while hitting it’s week-highest on Friday, 08/30/24 when the stock touched $73.69 price level, adding 11.84% to its value on the day. Vertiv Holdings Co’s shares saw a change of 53.42% in year-to-date performance and have moved -7.80% in past 5-day. Vertiv Holdings Co (NYSE:VRT) showed a performance of 9.62% in past 30-days. Number of shares sold short was 19.86 million shares which calculate 1.78 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 92 to the stock, which implies a rise of 19.9% to its recent value today. Analysts have been projecting 15 as a low price target for the stock while placing it at a high target of 115. It follows that stock’s current price would jump 79.64% in reaching the projected high whereas dropping to the targeted low would mean a gain of 79.64% for stock’s current value.

Vertiv Holdings Co (VRT) estimates and forecasts

Statistics highlight that Vertiv Holdings Co is scoring comparatively higher than the scores of other players of the relevant industry. The company added 2.21% of value to its shares in past 6 months, showing an annual growth rate of 45.76% while that of industry is 12.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 12.50% from the last financial year’s standing.

12 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.98B for the same. And 12 analysts are in estimates of company making revenue of 2.15B in the next quarter. Company posted 1.74B and 1.87B of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 82.85% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 43.84% while estimates for its earnings growth in next 5 years are of 29.60%.

Vertiv Holdings Co (NYSE:VRT)’s Major holders

Insiders are in possession of 0.91% of company’s total shares while institution are holding 84.79 percent of that, with stock having share float percentage of 85.57%. Investors also watch the number of corporate investors in a company very closely, which is 84.79% institutions for Vertiv Holdings Co that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at VRT for having 34.13 million shares of worth $2.95 billion. And as of 2024-06-30, it was holding 9.0024 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 33.65 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.8747 of outstanding shares, having a total worth of $2.91 billion.