MeadWestvaco Corp. (MWV) Set to Announce Earnings on Wednesday
MeadWestvaco Corp. (NYSE:MWV) is scheduled to be posting its quarterly earnings results on Wednesday, January 29th. Persons interested in listening to the company’s earnings conference call can do so using this link.
MeadWestvaco Corp. (NYSE:MWV) opened at 36.20 on Tuesday. MeadWestvaco Corp. has a one year low of $31.14 and a one year high of $39.38. The stock has a 50-day moving average of $36.22 and a 200-day moving average of $36.5. The company has a market cap of $6.439 billion and a price-to-earnings ratio of 35.56.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 3rd. Shareholders of record on Thursday, February 6th will be paid a dividend of 0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.76%.
Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of MeadWestvaco Corp. from $33.00 to $38.00 in a research note to investors on Thursday, January 16th. They now have a “sector perform” rating on the stock. On a related note, analysts at Merrill Lynch upgraded shares of MeadWestvaco Corp. to a “buy” rating in a research note to investors on Wednesday, January 15th. Finally, analysts at Deutsche Bank upgraded shares of MeadWestvaco Corp. from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, January 15th. They now have a $41.00 price target on the stock, up previously from $37.00. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. MeadWestvaco Corp. presently has a consensus rating of “Hold” and a consensus price target of $37.25.
MeadWestvaco Corporation (NYSE:MWV) is a global packaging company providing solutions to the healthcare, beauty and personal care, food, beverage, home and garden, tobacco, and agricultural industries.
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