Veritiv (VRTV) Earns Coverage Optimism Score of 0.10

News stories about Veritiv (NYSE:VRTV) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than twenty 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 media sentiment score of 0.10 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 45.3062011630744 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:

Several brokerages have recently weighed in on VRTV. Bank of America lowered shares of Veritiv from a “buy” rating to a “neutral” rating and set a $41.00 price objective on the stock. in a report on Monday, April 2nd. Wells Fargo increased their price objective on shares of Veritiv from $30.00 to $33.00 and gave the stock a “market perform” rating in a report on Monday, April 2nd. They noted that the move was a valuation call. ValuEngine lowered shares of Veritiv from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. SunTrust Banks lowered shares of Veritiv from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, Zacks Investment Research upgraded shares of Veritiv from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective on the stock in a report on Saturday, February 3rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $34.40.

NYSE VRTV traded up $0.90 during mid-day trading on Tuesday, hitting $37.40. The company’s stock had a trading volume of 8,599 shares, compared to its average volume of 104,559. Veritiv has a 52-week low of $20.35 and a 52-week high of $53.25. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.53 and a current ratio of 2.33. The firm has a market capitalization of $564.05, a price-to-earnings ratio of -44.00, a PEG ratio of 1.57 and a beta of 0.52.

Veritiv (NYSE:VRTV) last posted its quarterly earnings results on Thursday, March 1st. The basic materials company reported $0.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.01). Veritiv had a negative net margin of 0.16% and a positive return on equity of 9.17%. The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same quarter in the previous year, the business posted $0.26 EPS. The company’s quarterly revenue was up 5.0% on a year-over-year basis. sell-side analysts forecast that Veritiv will post 3.81 EPS for the current fiscal year.

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Veritiv Company Profile

Veritiv Corporation operates as a business-to-business distributor of packaging, facility solutions, print, and publishing products and services in the United States, Canada, and internationally. It operates through four segments: Packaging, Facility Solutions, Print, and Publishing. The Packaging segment offers standard and custom packaging solutions.

Insider Buying and Selling by Quarter for Veritiv (NYSE:VRTV)

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