Shares of Veritiv Corp (NYSE:VRTV) have earned a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $27.33.
A number of equities research analysts have weighed in on VRTV shares. Bank of America raised Veritiv from a “neutral” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Tuesday, November 21st. ValuEngine lowered Veritiv from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. SunTrust Banks lowered Veritiv from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Zacks Investment Research raised Veritiv from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 25th. Finally, Wells Fargo & Co lowered Veritiv from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 8th.
Shares of Veritiv (NYSE:VRTV) opened at $24.40 on Monday. The company has a current ratio of 2.36, a quick ratio of 1.51 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $383.08, a price-to-earnings ratio of -17.81, a price-to-earnings-growth ratio of 0.87 and a beta of 1.02. Veritiv has a 1 year low of $20.35 and a 1 year high of $62.60.
Several institutional investors and hedge funds have recently added to or reduced their stakes in VRTV. Donald Smith & CO. Inc. raised its position in shares of Veritiv by 354.9% in the 4th quarter. Donald Smith & CO. Inc. now owns 261,004 shares of the basic materials company’s stock worth $7,543,000 after acquiring an additional 203,623 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Veritiv by 31.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 628,782 shares of the basic materials company’s stock worth $28,295,000 after acquiring an additional 151,207 shares in the last quarter. BlackRock Inc. raised its position in shares of Veritiv by 5.3% in the 4th quarter. BlackRock Inc. now owns 1,508,307 shares of the basic materials company’s stock worth $43,589,000 after acquiring an additional 75,264 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Veritiv by 58.5% in the 3rd quarter. Prudential Financial Inc. now owns 148,799 shares of the basic materials company’s stock worth $4,836,000 after acquiring an additional 54,890 shares in the last quarter. Finally, Citadel Advisors LLC raised its position in shares of Veritiv by 440.4% in the 3rd quarter. Citadel Advisors LLC now owns 61,367 shares of the basic materials company’s stock worth $1,994,000 after acquiring an additional 50,011 shares in the last quarter. 89.90% of the stock is owned by hedge funds and other institutional investors.
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Veritiv Company Profile
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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