Veritiv Corporation Common Stoc (NYSE:VRTV):
Saalfeld and FORDIS to Co-Host Booth at 2016 ISSA/INTERCLEAN Convention in Chicago.
The company is so far trading up since yesterday’s close of $53.3.
It is trading at $53.90 which is a tad above $51.05, the 50 day moving average and a tad above the 200 day moving average of $44.17. The 50 day moving average was up by +5.57% whereas the 200 day average was up by +22.03%.
The most current P/E ratio is 24.09 and the market cap is 862.40M. As of the last earnings report the EPS was $2.24 and is projected to be $2.77 for the current year with 16,000,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.86 with next year’s EPS anticipated to be $3.98.
A few brokerages have issued ratings on the company of late. Barclays both downgraded the stock and lowered the price target on January 8 changing the price target from $45.00 to $32.00 and altering the rating from “Overweight” to “Underweight”. On January 8 the company was downgraded from “Overweight” to “Underweight” with a current price target of $32.00 in a report issued by Barclays.
On November 18 Barclays kept the stock rating at “Overweight” but moved up the price target to $45.00 from $49.00. On March 27 analysts at William Blair started covering the stock giving it an initial rating of “Outperform”.
Equity analyst SunTrust Robinson Humphrey began coverage setting a rating of “Neutral” and projecting a price target of $55.00. August 15 investment analysts at Barclays left the stock rating at “Overweight” and raised the price target from $45.00 to $49.00.