News stories about Veritiv (NYSE:VRTV) have been trending somewhat positive on Friday, according to Accern. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Veritiv earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the basic materials company an impact score of 45.9436071416289 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Veritiv (NYSE:VRTV) traded up $1.00 during trading on Friday, hitting $29.00. The stock had a trading volume of 79,800 shares, compared to its average volume of 62,313. Veritiv has a 52 week low of $20.35 and a 52 week high of $62.60. The company has a quick ratio of 1.51, a current ratio of 2.36 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $453.74, a P/E ratio of -21.01, a price-to-earnings-growth ratio of 1.16 and a beta of 1.02.
Several analysts have issued reports on VRTV shares. Zacks Investment Research lowered Veritiv from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. BidaskClub upgraded Veritiv from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. ValuEngine lowered Veritiv from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Barclays dropped their price objective on Veritiv from $25.00 to $20.00 and set an “underweight” rating on the stock in a research note on Friday, November 10th. Finally, Bank of America upgraded Veritiv from a “neutral” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Tuesday, November 21st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $33.00.
In other news, Director Tracy A. Leinbach bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were bought at an average price of $23.69 per share, with a total value of $118,450.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles Ward bought 20,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was purchased at an average cost of $23.63 per share, for a total transaction of $472,600.00. Following the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $472,600. The disclosure for this purchase can be found here. 0.25% of the stock is currently owned by corporate insiders.
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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