Shares of Veritiv Corp (NYSE:VRTV) have been assigned a consensus rating of “Hold” from the nine research firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $30.67.
Several research analysts recently commented on VRTV shares. Zacks Investment Research upgraded shares of Veritiv from a “strong sell” rating to a “hold” rating in a report on Thursday, January 25th. ValuEngine downgraded shares of Veritiv from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. SunTrust Banks downgraded shares of Veritiv from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, Bank of America set a $39.00 price objective on shares of Veritiv and gave the stock a “buy” rating in a report on Monday, March 5th.
Several large investors have recently bought and sold shares of the company. Baupost Group LLC MA increased its holdings in shares of Veritiv by 0.3% during the 3rd quarter. Baupost Group LLC MA now owns 3,053,724 shares of the basic materials company’s stock worth $99,246,000 after purchasing an additional 9,339 shares during the period. BlackRock Inc. increased its holdings in shares of Veritiv by 5.3% during the 4th quarter. BlackRock Inc. now owns 1,508,307 shares of the basic materials company’s stock worth $43,589,000 after purchasing an additional 75,264 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Veritiv by 10.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 696,156 shares of the basic materials company’s stock worth $22,626,000 after purchasing an additional 67,374 shares during the period. Donald Smith & CO. Inc. increased its holdings in shares of Veritiv by 354.9% during the 4th quarter. Donald Smith & CO. Inc. now owns 261,004 shares of the basic materials company’s stock worth $7,543,000 after purchasing an additional 203,623 shares during the period. Finally, State Street Corp increased its holdings in shares of Veritiv by 15.2% during the 2nd quarter. State Street Corp now owns 248,552 shares of the basic materials company’s stock worth $11,193,000 after purchasing an additional 32,835 shares during the period. Institutional investors own 94.38% of the company’s stock.
Veritiv (NYSE:VRTV) opened at $38.25 on Friday. The company has a market cap of $600.53, a price-to-earnings ratio of 35.42, a P/E/G ratio of 1.15 and a beta of 1.09. Veritiv has a twelve month low of $20.35 and a twelve month high of $62.60. The company has a quick ratio of 1.53, a current ratio of 2.33 and a debt-to-equity ratio of 1.65.
Veritiv (NYSE:VRTV) last announced its earnings results on Thursday, March 1st. The basic materials company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.15 billion. Veritiv had a positive return on equity of 9.17% and a negative net margin of 0.16%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.26 EPS. analysts expect that Veritiv will post 3.19 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This report was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://ledgergazette.com/2018/03/16/veritiv-corp-vrtv-receives-consensus-recommendation-of-hold-from-analysts.html.
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.
Receive News & Ratings for Veritiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veritiv and related companies with MarketBeat.com's FREE daily email newsletter.