Media headlines about Veritiv Corporation (NYSE:VRTV) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Veritiv Corporation earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 45.1902715995124 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- 13G Filing: Baupost Group and Veritiv Corp (VRTV) (insidermonkey.com)
- Veritiv : Logistics Solutions Named a Top 100 3PL by Inbound Logistics (4-traders.com)
- Veritiv Logistics Solutions Named a Top 100 3PL by Inbound Logistics (finance.yahoo.com)
- Veritiv Corporation (VRTV) Lifted to “Buy” at Zacks Investment Research (americanbankingnews.com)
A number of research analysts have issued reports on VRTV shares. BidaskClub downgraded shares of Veritiv Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. SunTrust Banks, Inc. raised shares of Veritiv Corporation from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Thursday, August 3rd. They noted that the move was a valuation call. Zacks Investment Research raised shares of Veritiv Corporation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 5th. William Blair downgraded shares of Veritiv Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 9th. Finally, Barclays PLC reduced their target price on shares of Veritiv Corporation from $35.00 to $25.00 and set an “underweight” rating on the stock in a research report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $39.20.
Shares of Veritiv Corporation (NYSE:VRTV) traded up 1.10% during trading on Thursday, reaching $32.10. 57,451 shares of the company were exchanged. Veritiv Corporation has a 1-year low of $26.85 and a 1-year high of $62.60. The firm’s 50 day moving average is $30.61 and its 200 day moving average is $39.66. The firm’s market capitalization is $503.97 million.
Veritiv Corporation (NYSE:VRTV) last issued its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.32. Veritiv Corporation had a positive return on equity of 5.43% and a negative net margin of 0.02%. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.02 billion. The business’s revenue was down 1.5% compared to the same quarter last year. On average, equities analysts anticipate that Veritiv Corporation will post $1.48 EPS for the current fiscal year.
In other Veritiv Corporation news, Chairman Mary A. Laschinger purchased 3,300 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were acquired at an average price of $30.22 per share, for a total transaction of $99,726.00. Following the completion of the purchase, the chairman now owns 63,993 shares of the company’s stock, valued at $1,933,868.46. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.25% of the stock is currently owned by insiders.
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About Veritiv Corporation
Veritiv Corporation is a business-to-business distributor of print, publishing, packaging and facility solutions. The Company also provides logistics and supply chain management solutions to its customers. The Company’s segments are Print, Publishing & Print Management (Publishing), Packaging, Facility Solutions, and Corporate & Other.
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