Vertiv Holdings Co, together with its subsidiaries, provides mission-critical infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.
Vertiv Holdings Co stock last closed at $96.81, down 0.49% from the previous day, and has increased 519.39% in one year. It has overperformed other stocks in the Electrical Equipment & Parts industry by 4.89 percentage points. Vertiv Holdings Co stock is currently +518.99% from its 52-week low of $15.64, and -7.59% from its 52-week high of $104.76.
As of May 17, 2024, there are 374.34M VRT shares outstanding. The market capitalization of VRT is $36.24B. In the past 24 hours, 8.06M VRT shares were traded.
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After you have chosen the best place to buy Vertiv Holdings Co stock, it's critical to research their stock prior to investing, so you truly understand the risk and opportunity.
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You can view all of the due diligence checks on VRT's stock page.
Analysts use many financial metrics, analyses, models, and charts to gauge VRT's fair value.
Using relative valuations methods:
You can do additional valuation analysis on VRT's stock here.
Out of 8 Equities analysts who give ratings on VRT, the consensus analyst rating on VRT is a Strong Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they investment advice.
Stephen Tusa, a top 15% analyst from JP Morgan maintains VRT with a strong buy rating and raises their VRT price target from $95.00 to $100.00, on Apr 25, 2024.
JP Morgan's Stephen Tusa raised their price target on Vertiv Holdings Co (NYSE: VRT) by 5.3% from $95 to $100 on 2024/04/25. The analyst maintained their Strong Buy rating on the stock.
Tusa reported that JP Morgan hiked its already above-consensus estimates by 4% to 5% on the strength of Vertiv Holdings Co's "strong" Q1 2024 earnings report, released on 2024/04/24.
The analyst told readers that their firm cannot recall "a 60% order gain for any company it has ever covered in the middle of the cycle."
For Q1 2024, Vertiv Holdings Co reported:
Management guided:
For Q2 2024:
For FY 2024:
CEO Giordano Albertazzi commented: “Vertiv’s robust momentum in 2023 continued into Q1 2024, led by strength in orders, which grew 60%, exceeding our expectations and reflecting increasing pipeline velocity and acceleration of AI-driven demand.
“We are seeing order patterns with longer lead times based on customer build schedules, largely in 2025 and beyond, suggesting AI is starting to scale. Though still in its early stages, AI is quickly becoming a pervasive theme across our end markets. "Continued advances in GPU development and other AI-enabling technologies are necessitating changes and upgrades to the critical digital infrastructure. We are continuing to advance our portfolio to enable high-density and GPU based deployments.
"With our global capacity, the most complete portfolio of critical digital infrastructure solutions across the entire thermal and power technology spectrum, vast global service network and alignment with key technology partners, Vertiv is uniquely positioned and ready to bring scale and support development of the entire AI ecosystem.”
Executive Chairman Dave Cote added: “Delivering strong performance across the board, Vertiv is demonstrating its true potential, driven by the continued strides Gio and his team are making in improving execution and building a high-performance culture.
"I am equally excited about the potential that remains for further improvement. We are still in the early stages of unlocking the potential of this business.
"The data center market remains extremely positive for the foreseeable future, and Vertiv is well-positioned for continued growth and operational improvement over the long term, which supports our capital deployment strategy and enables us to invest in long-term value creation while also returning capital to shareholders.”
Noah Kaye, a top 14% analyst from Oppenheimer maintains VRT with a buy rating and raises their VRT price target from $96.00 to $98.00, on Apr 25, 2024.
Stephen Trent, a top 13% analyst from JP Morgan maintains VRT with a strong buy rating and raises their VRT price target from $53.00 to $65.00, on Feb 22, 2024.
You can dig deeper into what analysts are saying on the Vertiv Holdings Co stock forecast page.
Last year, VRT earnings were $404.00M. In the past two year, VRT's earnings have grown by 98.14% per year. This was faster than the Electrical Equipment & Parts industry average of 42.27%.
Last year, VRT revenue was $6.98B. Over the last five year, VRT's revenue has increased by 5.5% per year. This was slower than the Electrical Equipment & Parts industry average of 9.83%.
Dig into VRT's earnings and revenue performance here.
In the past year, executives and large shareholders at VRT have sold more shares than they have bought.
Roger Fradin, Director of VRT, was the latest VRT insider to sell. They sold $1,731,117.96 worth of VRT stock on May 15, 2024.
Research more about who owns VRT stock here.
Vertiv Holdings Co pays a dividend of 0.05%, compared to the Electrical Equipment & Parts industry's average dividend yield of 0.86%. If you owned $1,000 worth of VRT stock, you would have received $0.52 in the past 12 months.
Dig into more info about Vertiv Holdings Co dividend yield and history here.
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