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Thursday, September 24, 2020

Vertiv Holdings Co. (NYSE:VRT) on the Path to Profitability

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The Vertiv Holdings Co. (VRT) shares are trading at higher $13.83 and the avg recommendation for the stock is Moderate Buy. The current analyst price target stands at $17.00.

To add more color to this target, the company’s high over the last year is $15.05 and the low is $4.75. Over the last 52 weeks, VRT is down -8.11% while the S&P 500 is up 0.76%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, VRT reported a profit of $287.0 million. Vertiv Holdings Co. also saw revenues increase to $897.3 million. In addition, VRT has free cash flow of -$203.2 million as of 03-2020 The company’s EBITDA came in at $78.6 million which compares well with its peers.

VRT booked profit margins of -29.80%, its Return on Equity (ROE) is -45.10%, and its Return on Assets is -15.80%. All told, it is clear that, VRT needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. VRT has a short ratio of 2.08 and outstanding shares of 240.66M.

Company Outlook

VRT has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.58 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.10. Vertiv Holdings Co. VRT also noted assets of $4.63 billion at the end of the last quarter. Investors should also keep an eye on sector updates as VRT has historically followed its peers on positive news.

All told, Vertiv Holdings Co. VRT has strung together solid data and demonstrated underlying fundamentals. At its current valuation, VRT represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Vertiv Holdings Co. VRT is now commanding a market cap of 4.75B and a float of 68.73M. VRT is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of VRT stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in VRT, either long or short, and we have not been compensated for this article.

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