Veritiv Corporation (VRTV) Given News Impact Rating of 0.18
Media coverage about Veritiv Corporation (NYSE:VRTV) has been trending somewhat positive on Friday, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than 20 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 media sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the basic materials company an impact score of 44.9913141648626 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have impacted Accern’s rankings:
- Veritiv Corporation (VRTV) Lifted to “Buy” at Zacks Investment Research (americanbankingnews.com)
- Top Ranked Growth Stocks to Buy for October 3rd (zacks.com)
- Veritiv Corp. – Value Analysis (NYSE:VRTV) : September 29, 2017 (finance.yahoo.com)
- Veritiv : Wins Awards in Annual Gold Ink Competition (4-traders.com)
Several brokerages have issued reports on VRTV. 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. BidaskClub lowered shares of Veritiv Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Barclays PLC dropped their target price 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. William Blair lowered shares of Veritiv Corporation from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 3rd. Finally, SunTrust Banks, Inc. upgraded shares of Veritiv Corporation from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Thursday, August 3rd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Veritiv Corporation presently has a consensus rating of “Hold” and an average price target of $39.20.
Veritiv Corporation (VRTV) traded down 0.76% on Friday, hitting $32.50. 80,043 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $30.12 and a 200-day moving average price of $40.31. The stock’s market cap is $510.25 million. Veritiv Corporation has a 12 month low of $26.85 and a 12 month high of $62.60.
Veritiv Corporation (NYSE:VRTV) last posted its earnings results on Wednesday, August 2nd. The basic materials company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.32. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.02 billion. Veritiv Corporation had a positive return on equity of 5.43% and a negative net margin of 0.02%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. Equities analysts predict that Veritiv Corporation will post $1.48 earnings per share for the current fiscal year.
In related news, Chairman Mary A. Laschinger purchased 3,300 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were bought at an average price of $30.22 per share, for a total transaction of $99,726.00. Following the acquisition, the chairman now owns 63,993 shares of the company’s stock, valued at approximately $1,933,868.46. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate 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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