Veritiv Corporation Common Stoc (NYSE:VRTV):
Veritiv to Present High Performance Building Service Offerings at National Facilities Maintenance and Technology Conference and Expo in Las Vegas.
The company is up from yesterday’s close of $53.3.
The stock last traded at $53.90 a tad above $51.05, the 50 day moving average and which is marginally over the 200 day moving average of $44.17. The 50 day moving average went up $2.85 or +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 estimated to be $2.77 for the current year with 16,000,000 shares now outstanding. Next quarter’s EPS is expected be $0.86 and the next full year EPS is anticipated to be $3.98.
Analysts have weighed in on VRTV. On January 8 the stock rating was downgraded from “Overweight” to “Underweight” and a price target of $32.00 was set by analysts at Barclays. Barclays downgraded the stock and lowered the price target on January 8 cutting the price target from $45.00 to $32.00 and setting the rating at “Underweight” which had previously been “Overweight”.
November 18 investment analysts at Barclays left the stock rating at “Overweight” and raised the price target to $45.00 from $49.00. Equity analyst William Blair started covering VRTV with a rating of “Outperform”.
SunTrust Robinson Humphrey started covering the stock setting a rating of “Neutral” and a price target of $55.00. On August 15 Barclays maintained a company rating of “Overweight” and raised the price expectation from $45.00 to $49.00.