Veritiv Corporation Common Stoc (NYSE:VRTV):
Veritiv to Feature Innovative Packaging Products and Solutions at 2016 National Business Aviation Association Exhibition.
The company is trading up since yesterday’s close of $53.3.
It is trading at $53.90 marginally over $51.05, the stock’s 50 day moving average and just 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 was up $9.73.
Veritiv Corporation Common Stoc’s P/E ratio is 24.09 and the market cap of the company 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 now outstanding. Next quarter’s EPS is estimated at $0.86 with next year’s EPS anticipated to be $3.98.
A few brokerage analysts have released ratings on Veritiv Corporation Common Stoc. On January 8 the stock rating was downgraded from “Overweight” to “Underweight” with a current price target of $32.00 in a statement from Barclays. 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 November 18 Barclays held the company rating at “Overweight” and raised the price expectation to $45.00 from $49.00. William Blair starting coverage on VRTV with a rating of “Outperform”.
Equity analyst SunTrust Robinson Humphrey started coverage by announcing an initial rating of “Neutral” and establishing a price target of $55.00. August 15 investment analysts at Barclays left the stock rating at “Overweight” but raised the price expectation from $45.00 to $49.00.