Headlines about Veritiv (NYSE:VRTV) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Veritiv earned a daily sentiment score of 0.02 on Accern’s scale. Accern also gave headlines about the basic materials company an impact score of 47.6323942516074 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Veritiv (NYSE VRTV) traded up $0.25 during trading hours on Friday, reaching $38.50. The company’s stock had a trading volume of 218,271 shares, compared to its average volume of 115,837. The firm has a market capitalization of $605.76, a PE ratio of -44.77, a price-to-earnings-growth ratio of 1.13 and a beta of 1.16. Veritiv has a 1 year low of $20.35 and a 1 year high of $53.80. The company has a current ratio of 2.33, a quick ratio of 1.53 and a debt-to-equity ratio of 1.65.
Veritiv (NYSE:VRTV) last issued its quarterly earnings results on Thursday, March 1st. The basic materials company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates 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 negative net margin of 0.16% and a positive return on equity of 9.17%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 earnings per share. equities analysts expect that Veritiv will post 3.19 earnings per share for the current year.
A number of research analysts have issued reports on the company. ValuEngine cut Veritiv from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Bank of America raised Veritiv from a “neutral” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Tuesday, November 21st. Zacks Investment Research raised Veritiv from a “hold” rating to a “strong-buy” rating and set a $33.00 target price for the company in a research note on Saturday, February 3rd. Finally, SunTrust Banks cut Veritiv from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $34.25.
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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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