Wells Fargo & Co Begins Coverage on Veritiv Corp (VRTV)
Other research analysts have also recently issued research reports about the stock. Bank of America Corp started coverage on shares of Veritiv Corp in a research report on Wednesday, January 11th. They issued a buy rating for the company. Zacks Investment Research upgraded shares of Veritiv Corp from a strong sell rating to a hold rating in a research report on Wednesday, January 11th.
Veritiv Corp (NYSE:VRTV) opened at 53.15 on Wednesday. The firm has a market capitalization of $834.40 million, a P/E ratio of 40.88 and a beta of 1.28. Veritiv Corp has a 12 month low of $34.10 and a 12 month high of $62.60. The company’s 50 day moving average price is $55.75 and its 200 day moving average price is $52.98.
Veritiv Corp (NYSE:VRTV) last posted its earnings results on Tuesday, March 14th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.90 by $0.64. Veritiv Corp had a return on equity of 7.15% and a net margin of 0.32%. The firm earned $2.12 billion during the quarter, compared to the consensus estimate of $2.12 billion. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. Analysts anticipate that Veritiv Corp will post $3.13 EPS for the current year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of VRTV. Arizona State Retirement System purchased a new position in Veritiv Corp during the third quarter valued at approximately $212,000. OMERS ADMINISTRATION Corp purchased a new position in Veritiv Corp during the third quarter valued at approximately $222,000. Aperio Group LLC purchased a new position in Veritiv Corp during the third quarter valued at approximately $237,000. DIAM Co. Ltd. purchased a new position in Veritiv Corp during the third quarter valued at approximately $243,000. Finally, Thrivent Financial for Lutherans boosted its position in Veritiv Corp by 22.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 5,050 shares of the company’s stock valued at $271,000 after buying an additional 910 shares during the period. Hedge funds and other institutional investors own 95.69% of the company’s stock.
About Veritiv Corp
Veritiv Corporation (Veritiv) is a business-to-business distributor of print, publishing, packaging, facility and logistics solutions. Veritiv operates through four segments: Print, Publishing, Packaging and Facility Solutions. The Print segment sells and distributes commercial printing, writing, copying, digital, wide format and specialty paper products, graphics consumables and graphics equipment.
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