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Vertiv Holdings (VRT) Receives a Buy from RBC Capital

Vertiv Holdings (VRT) Receives a Buy from RBC Capital

RBC Capital analyst Deane Dray maintained a Buy rating on Vertiv Holdings on July 16 and set a price target of $143.00. The company's shares closed yesterday at $131.12.
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According to TipRanks, Dray is a 5-star analyst with an average return of 14.3% and a 64.93% success rate. Dray covers the Industrials sector, focusing on stocks such as Carrier Global, Emerson Electric Company, and Trane Technologies.
In addition to RBC Capital, Vertiv Holdings also received a Buy from Oppenheimer's Noah Kaye in a report issued yesterday. However, on July 9, Barclays maintained a Hold rating on Vertiv Holdings (NYSE: VRT).
Based on Vertiv Holdings' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.04 billion and a net profit of $164.5 million. In comparison, last year the company earned a revenue of $1.64 billion and had a GAAP net loss of $5.9 million
Based on the recent corporate insider activity of 55 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, Stephen Liang, the CTO & EVP of VRT sold 43,683.00 shares for a total of $5,060,017.73.
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