Veritiv Corporation Common Stoc (NYSE:VRTV):
Veritiv to Host 2016 Chicago Paper Show.
The company is so far trading up by 1.13 percent from yesterday’s close.
Company chares are trading at $53.90 which is just a bit higher than the 50 day moving average which is $51.05 and which is slightly above the 200 day moving average of $44.17. The 50 day moving average was up $2.85 or +5.57% and the 200 day average went up by +22.03%.
The company currently has a P/E ratio of 24.09 and 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 outstanding. Analysts expect next quarter’s EPS to be $0.86 with next year’s EPS projected to be $3.98.
Brokerage firms have released ratings on VRTV. Equity analyst Barclays lowered the price target and downgraded the stock 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” and a price target of $32.00 was set by analysts at Barclays.
On November 18 Barclays held the stock rating at “Overweight” and moved up the price target to $45.00 from $49.00. On March 27 analysts at William Blair initiated coverage on VRTV setting a rating of “Outperform”.
SunTrust Robinson Humphrey began coverage by announcing an initial rating of “Neutral” and projecting a price target of $55.00. August 15 investment analysts at Barclays maintained a company rating of “Overweight” but raised the price target from $45.00 to $49.00.