Bank of America Securities Reaffirms Their Buy Rating on Vertiv Holdings (VRT)
In a report released today, Andrew Obin from Bank of America Securities reiterated a Buy rating on Vertiv Holdings, with a price target of $330.00.
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According to TipRanks, Obin is a 5-star analyst with an average return of 18.2% and a 66.67% success rate. Obin covers the Industrials sector, focusing on stocks such as Eaton, Vertiv Holdings, and 3M.
In addition to Bank of America Securities, Vertiv Holdings also received a Buy from Citi’s Andrew Kaplowitz in a report issued today. However, on March 31, Jefferies downgraded Vertiv Holdings (NYSE: VRT) to a Hold.
Based on Vertiv Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.88 billion and a net profit of $445.6 million. In comparison, last year the company earned a revenue of $2.35 billion and had a net profit of $147 million
Based on the recent corporate insider activity of 72 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, Roger Fradin, a Director at VRT sold 203,333.00 shares for a total of $51,397,591.23.
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