Virtus Investment Partners Inc [VRTS] stock prices are down -0.80% to $199.1 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The VRTS shares have gain 7.43% over the last week, with a monthly amount glided 16.60%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Virtus Investment Partners Inc [NYSE: VRTS] stock has seen the most recent analyst activity on August 27, 2024, when Barclays initiated its Underweight rating and assigned the stock a price target of $206. Previously, TD Cowen downgraded its rating to Hold on April 08, 2024, and dropped its price target to $264. On January 04, 2024, TD Cowen initiated with a Outperform rating and assigned a price target of $289 on the stock. Piper Sandler upgraded its rating to a Overweight and raised its price target to $260 on March 27, 2023. Piper Sandler downgraded its rating to Neutral for this stock on February 06, 2023, but kept the price target unchanged to $248. In a note dated April 08, 2022, Morgan Stanley downgraded an Underweight rating on this stock and revised its target price from $393 to $240.
The stock price of Virtus Investment Partners Inc [VRTS] has been fluctuating between $142.18 and $252.82 over the past year. Currently, Wall Street analysts expect the stock to reach $160.5 within the next 12 months. Virtus Investment Partners Inc [NYSE: VRTS] shares were valued at $199.1 at the most recent close of the market. An investor can expect a potential drop of -19.39% based on the average VRTS price forecast.
Analyzing the VRTS fundamentals
The Virtus Investment Partners Inc [NYSE:VRTS] reported sales of 878.70M for trailing twelve months, representing a drop of -7.80%. Gross Profit Margin for this corporation currently stands at 0.52% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.14 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.62.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 196.50 points at the first support level, and at 193.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 202.15, and for the 2nd resistance point, it is at 205.21.
Ratios To Look Out For
It’s worth pointing out that Virtus Investment Partners Inc [NYSE:VRTS]’s Current Ratio is 1.53. Also, the Quick Ratio is 1.53, while the Cash Ratio stands at 1.23. Considering the valuation of this stock, the price to sales ratio is 1.57, the price to book ratio is 1.54 and price to earnings (TTM) ratio is 11.81.
