Media stories about Veritiv (NYSE:VRTV) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Veritiv earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave news articles about the basic materials company an impact score of 45.2678861461027 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
NYSE:VRTV traded up $0.35 during trading hours on Thursday, hitting $36.00. 9,021 shares of the company’s stock traded hands, compared to its average volume of 106,592. The firm has a market capitalization of $558.55, a price-to-earnings ratio of -42.35, a P/E/G ratio of 1.55 and a beta of 0.54. Veritiv has a 52 week low of $20.35 and a 52 week high of $53.25. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.53 and a current ratio of 2.33.
Veritiv (NYSE:VRTV) last posted its quarterly earnings data on Thursday, March 1st. The basic materials company reported $0.77 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.01). The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.15 billion. Veritiv had a negative net margin of 0.16% and a positive return on equity of 9.17%. Veritiv’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 EPS. equities analysts forecast that Veritiv will post 3.81 earnings per share for the current fiscal year.
Several equities analysts have recently weighed in on VRTV shares. Bank of America set a $39.00 price target on Veritiv and gave the company a “buy” rating in a research report on Monday, March 5th. ValuEngine cut Veritiv from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. SunTrust Banks cut Veritiv from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Zacks Investment Research upgraded Veritiv from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 25th. Finally, Wells Fargo lifted their price target on Veritiv from $30.00 to $33.00 and gave the company a “market perform” rating in a research report on Monday, April 2nd. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $34.40.
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Veritiv Company Profile
Veritiv Corporation operates as a business-to-business distributor of packaging, facility solutions, print, and publishing products and services in the United States, Canada, and internationally. It operates through four segments: Packaging, Facility Solutions, Print, and Publishing. The Packaging segment offers standard and custom packaging solutions.
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