Veritiv Corporation Common Stoc (NYSE:VRTV):
Veritiv to Release Third Quarter 2016 Financial Results on November 9.
The company is trading up from yesterday’s close of $53.3.
It is currently trading at $53.90 which is just over the 50 day moving average of $51.05 and marginally over the 200 day moving average of $44.17. The 50 day moving average moved up $2.85 whereas the 200 day moving average was up $9.73 or +22.03%.
The company currently has a P/E ratio of 24.09 and the market cap is 862.40M. As of the latest earnings report the EPS was $2.24 and is projected to be $2.77 for the current year with 16,000,000 shares presently outstanding. Next quarter’s EPS is expected be $0.86 with next year’s EPS projected to be $3.98.
Several brokerages have issued ratings on Veritiv Corporation Common Stoc recently. Equity analyst Barclays downgraded the stock and lowered the price target on January 8 changing the price target from $45.00 to $32.00 and changing 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 maintained a company rating of “Overweight” but raised the price expectation from $49.00 to $45.00. William Blair released its first research report on the stock setting a rating of “Outperform”.
On November 25 analysts at SunTrust Robinson Humphrey issued its first research report on the stock giving it an initial rating of “Neutral” and a price target of $55.00. August 15 investment analysts at Barclays made no change to the company rating of “Overweight” and moved up the price target to $49.00 from $45.00.