Veritiv Corporation (NYSE:VRTV) has been given a consensus rating of “Hold” by the eight ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $31.33.
Several brokerages have commented on VRTV. William Blair downgraded shares of Veritiv Corporation from an “outperform” rating to a “market perform” rating in a report on Thursday, August 3rd. Zacks Investment Research cut shares of Veritiv Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. TheStreet cut shares of Veritiv Corporation from a “c-” rating to a “d+” rating in a research note on Monday, August 21st. Bank of America Corporation decreased their price target on shares of Veritiv Corporation from $36.00 to $29.00 and set a “neutral” rating for the company in a research note on Wednesday, November 8th. Finally, BidaskClub raised shares of Veritiv Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th.
In other news, Director Charles Ward bought 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average cost of $23.63 per share, with a total value of $472,600.00. Following the completion of the purchase, the director now owns 20,000 shares of the company’s stock, valued at $472,600. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Mary A. Laschinger bought 3,300 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was purchased at an average cost of $30.22 per share, with a total value of $99,726.00. Following the completion of the purchase, the chairman now directly owns 63,993 shares of the company’s stock, valued at approximately $1,933,868.46. The disclosure for this purchase can be found here. 0.25% of the stock is owned by company insiders.
Shares of Veritiv Corporation (NYSE:VRTV) traded up $0.25 during mid-day trading on Friday, reaching $23.90. 115,800 shares of the company’s stock traded hands, compared to its average volume of 113,644. The company has a quick ratio of 1.51, a current ratio of 2.36 and a debt-to-equity ratio of 1.81. The firm has a market cap of $371.31, a P/E ratio of 8.92 and a beta of 1.22. Veritiv Corporation has a 52-week low of $20.35 and a 52-week high of $62.60.
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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