Press coverage about Veritiv (NYSE:VRTV) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Veritiv earned a coverage optimism score of 0.04 on Accern’s scale. Accern also gave news stories about the basic materials company an impact score of 45.8441151652683 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Veritiv (NYSE:VRTV) traded down $0.10 during trading on Friday, hitting $27.35. The company had a trading volume of 80,630 shares, compared to its average volume of 93,930. The stock has a market capitalization of $429.40, a PE ratio of 10.32 and a beta of 1.10. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.36 and a quick ratio of 1.51. Veritiv has a 12 month low of $20.35 and a 12 month high of $62.60.
VRTV has been the topic of a number of research reports. BidaskClub cut Veritiv from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Barclays decreased their price objective on shares of Veritiv from $25.00 to $20.00 and set an “underweight” rating on the stock in a research report on Friday, November 10th. Bank of America cut their target price on Veritiv from $36.00 to $29.00 and set a “neutral” rating for the company in a research note on Wednesday, November 8th. Wells Fargo & Company downgraded Veritiv from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 8th. Finally, Zacks Investment Research upgraded Veritiv from a “sell” rating to a “hold” rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $33.00.
In related news, Chairman Mary A. Laschinger acquired 3,300 shares of the stock in a transaction dated Tuesday, September 12th. The shares were purchased at an average cost of $30.22 per share, with a total value of $99,726.00. Following the transaction, the chairman now directly owns 63,993 shares in the company, valued at $1,933,868.46. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Charles Ward acquired 20,000 shares of the stock in a transaction dated Thursday, November 9th. The shares were bought at an average cost of $23.63 per share, for a total transaction of $472,600.00. Following the completion of the transaction, the director now owns 20,000 shares in the company, valued at $472,600. The disclosure for this purchase can be found here. Insiders acquired 28,300 shares of company stock worth $690,776 over the last three months. Insiders own 0.25% of the company’s stock.
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Veritiv Company Profile
Veritiv Corporation is a business-to-business distributor of print, publishing, packaging and facility solutions. The Company also provides logistics and supply chain management solutions to its customers. The Company’s segments are Print, Publishing & Print Management (Publishing), Packaging, Facility Solutions, and Corporate & Other.
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