MeadWestvaco Corp. Receives Consensus Rating of “Hold” from Brokerages (NYSE:MWV)
MeadWestvaco Corp. (NYSE:MWV) has been given a consensus recommendation of “Hold” by the ten analysts that are covering the company, StockRatingsNetwork reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $38.19.
A number of analysts have recently weighed in on MWV shares. Analysts at Zacks upgraded shares of MeadWestvaco Corp. from an “underperform” rating to a “neutral” rating in a research note on Friday, February 21st. They now have a $38.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of MeadWestvaco Corp. from $33.00 to $38.00 in a research note on Thursday, January 16th. They now have a “sector perform” rating on the stock. Finally, analysts at Bank of America upgraded shares of MeadWestvaco Corp. to a “buy” rating in a research note on Wednesday, January 15th.
Shares of MeadWestvaco Corp. (NYSE:MWV) traded down 0.22% on Thursday, hitting $36.13. The stock had a trading volume of 317,287 shares. MeadWestvaco Corp. has a 52 week low of $33.38 and a 52 week high of $39.38. The stock’s 50-day moving average is $35.94 and its 200-day moving average is $36.39. The company has a market cap of $6.493 billion and a P/E ratio of 7.73.
MeadWestvaco Corp. (NYSE:MWV) last released its earnings data on Wednesday, January 29th. The company reported $0.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.24 by $0.05. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the company posted $0.07 earnings per share. MeadWestvaco Corp.’s revenue was up 2.9% compared to the same quarter last year. Analysts expect that MeadWestvaco Corp. will post $1.82 EPS for the current fiscal year.
The company also recently declared a special dividend, which is scheduled for Monday, March 3rd. Stockholders of record on Thursday, February 6th will be given a dividend of $1.00 per share. This represents a yield of 2.79%. The ex-dividend date of this dividend is Tuesday, February 4th.
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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