Veritiv Corp (NYSE:VRTV) has been given a consensus rating of “Hold” by the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $31.33.
A number of equities analysts have recently weighed in on VRTV shares. Zacks Investment Research cut shares of Veritiv from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. BidaskClub raised shares of Veritiv from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. William Blair cut shares of Veritiv from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 9th. TheStreet cut shares of Veritiv from a “c-” rating to a “d+” rating in a research report on Monday, August 21st. Finally, Barclays cut their price objective on shares of Veritiv from $25.00 to $20.00 and set an “underweight” rating on the stock in a research report on Friday, November 10th.
In related news, Director Charles Ward acquired 20,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average cost of $23.63 per share, with a total value of $472,600.00. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at approximately $472,600. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tracy A. Leinbach acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was bought at an average cost of $23.69 per share, for a total transaction of $118,450.00. The disclosure for this purchase can be found here. Insiders purchased a total of 28,300 shares of company stock worth $690,776 over the last ninety days. 0.25% of the stock is currently owned by insiders.
Veritiv (VRTV) opened at $27.15 on Wednesday. The firm has a market cap of $418.41, a price-to-earnings ratio of 10.06 and a beta of 1.10. Veritiv has a 52-week low of $20.35 and a 52-week high of $62.60. The company has a current ratio of 2.36, a quick ratio of 1.51 and a debt-to-equity ratio of 1.81.
COPYRIGHT VIOLATION NOTICE: “Veritiv Corp (VRTV) Receives Consensus Rating of “Hold” from Analysts” was reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this story on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The legal version of this story can be accessed at https://www.chaffeybreeze.com/2017/12/06/veritiv-corp-vrtv-receives-consensus-rating-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 Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veritiv Corp and related companies with MarketBeat.com's FREE daily email newsletter.