Barclays Remains a Buy on Vertiv Holdings (VRT)

In a report released today, Julian Mitchell from Barclays maintained a Buy rating on Vertiv Holdings, with a price target of $345.00.

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According to TipRanks, Mitchell is a 5-star analyst with an average return of 16.4% and a 64.87% success rate. Mitchell covers the Industrials sector, focusing on stocks such as Carrier Global, Eaton, and nVent Electric.

Currently, the analyst consensus on Vertiv Holdings is a Strong Buy with an average price target of $317.44.

Based on Vertiv Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.65 billion and a net profit of $390.1 million. In comparison, last year the company earned a revenue of $2.04 billion and had a net profit of $164.5 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, Anders Karlborg, the EVP, Man., Logistics and Op Ex of VRT sold 30,487.00 shares for a total of $7,527,885.13.