Veritiv Corporation (VRTV) Earns Daily Media Impact Score of 0.15
News articles about Veritiv Corporation (NYSE:VRTV) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Veritiv Corporation earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 44.8952831683318 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Veritiv Corporation (VRTV) Upgraded at BidaskClub (americanbankingnews.com)
- $2.09 Billion in Sales Expected for Veritiv Corporation (VRTV) This Quarter (americanbankingnews.com)
- XMS Capital Partners Advises Veritiv on its Acquisition of All American Containers (nasdaq.com)
- Insider Buying: Veritiv Corporation (VRTV) Chairman Buys 3,300 Shares of Stock (americanbankingnews.com)
- $1.14 EPS Expected for Veritiv Corporation (VRTV) This Quarter (americanbankingnews.com)
VRTV has been the subject of a number of analyst reports. BidaskClub downgraded shares of Veritiv Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. SunTrust Banks, Inc. upgraded shares of Veritiv Corporation from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Thursday, August 3rd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Veritiv Corporation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 5th. William Blair downgraded shares of Veritiv Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 9th. Finally, Barclays PLC cut their price objective on shares of Veritiv Corporation from $35.00 to $25.00 and set an “underweight” rating for the company in a research report on Monday, August 7th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $45.60.
Shares of Veritiv Corporation (NYSE VRTV) traded down 3.621% during trading on Monday, reaching $31.275. 63,876 shares of the company’s stock were exchanged. Veritiv Corporation has a 52 week low of $26.85 and a 52 week high of $62.60. The stock’s market capitalization is $491.02 million. The company’s 50-day moving average is $29.49 and its 200 day moving average is $42.64.
Veritiv Corporation (NYSE:VRTV) last posted its earnings results on Wednesday, August 2nd. The basic materials company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.32. The company had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Veritiv Corporation had a positive return on equity of 5.43% and a negative net margin of 0.02%. Veritiv Corporation’s revenue was down 1.5% compared to the same quarter last year. On average, analysts forecast that Veritiv Corporation will post $1.48 earnings per share for the current year.
In related news, Chairman Mary A. Laschinger bought 3,300 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were bought at an average cost of $30.22 per share, for a total transaction of $99,726.00. Following the completion of the purchase, the chairman now owns 63,993 shares of the company’s stock, valued at approximately $1,933,868.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.25% of the company’s stock.
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About Veritiv Corporation
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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