Veritiv Corp. (NYSE:VRTV) has been given a consensus broker rating score of 3.00 (Hold) from the three analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong sell rating, one has assigned a hold rating and one has issued a strong buy rating on the company.
Brokerages have set a 1-year consensus target price of $41.50 for the company and are anticipating that the company will post $1.23 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Veritiv Corp. an industry rank of 49 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised Veritiv Corp. from a “sell” rating to a “hold” rating in a report on Wednesday.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Veritiv Corp. by 3.9% in the second quarter. Vanguard Group Inc. now owns 372,242 shares of the company’s stock valued at $13,988,000 after buying an additional 13,837 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Veritiv Corp. by 1.8% in the second quarter. Principal Financial Group Inc. now owns 57,423 shares of the company’s stock valued at $2,158,000 after buying an additional 1,028 shares during the last quarter. AJO LP purchased a new stake in shares of Veritiv Corp. during the second quarter valued at about $433,000. Dimensional Fund Advisors LP boosted its stake in shares of Veritiv Corp. by 21.1% in the second quarter. Dimensional Fund Advisors LP now owns 282,718 shares of the company’s stock valued at $10,624,000 after buying an additional 49,169 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Veritiv Corp. by 6.6% in the second quarter. JPMorgan Chase & Co. now owns 52,090 shares of the company’s stock valued at $1,958,000 after buying an additional 3,234 shares during the last quarter. 97.48% of the stock is owned by hedge funds and other institutional investors.
Shares of Veritiv Corp. (NYSE:VRTV) traded up 0.6753% on Wednesday, hitting $53.3076. The company’s stock had a trading volume of 21,646 shares. The company has a 50 day moving average of $50.51 and a 200 day moving average of $43.33. The firm has a market cap of $852.92 million, a PE ratio of 23.8300 and a beta of 1.50. Veritiv Corp. has a 1-year low of $27.44 and a 1-year high of $54.80.
Veritiv Corp. (NYSE:VRTV) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by $0.10. The business earned $2.10 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Veritiv Corp. had a net margin of 0.42% and a return on equity of 11.04%. Equities analysts forecast that Veritiv Corp. will post $2.77 EPS for the current year.
Veritiv Corp. Company Profile
Veritiv Corporation (Veritiv) is a business-to-business distributor of print, publishing, packaging, facility and logistics solutions. The Company operates from more than 180 distribution centers primarily throughout the United States, Canada and Mexico, serving customers across a d range of industries.
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