MeadWestvaco Corp. Given Consensus Recommendation of “Hold” by Analysts (NYSE:MWV)
MeadWestvaco Corp. (NYSE:MWV) has earned a consensus recommendation of “Hold” from the ten analysts that are presently covering the company, Stock Ratings Network reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $40.50.
Shares of MeadWestvaco Corp. (NYSE:MWV) traded down 0.57% during mid-day trading on Thursday, hitting $43.58. 96,686 shares of the company’s stock traded hands. MeadWestvaco Corp. has a 52-week low of $33.38 and a 52-week high of $44.38. The stock’s 50-day moving average is $40.37 and its 200-day moving average is $37.50. The company has a market cap of $7.316 billion and a price-to-earnings ratio of 9.14.
MeadWestvaco Corp. (NYSE:MWV) last released its earnings data on Wednesday, April 30th. The company reported $0.23 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.23. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the company posted $0.16 earnings per share. MeadWestvaco Corp.’s revenue was up .8% compared to the same quarter last year. Analysts expect that MeadWestvaco Corp. will post $1.80 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Buckingham Research downgraded shares of MeadWestvaco Corp. from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 3rd. Separately, analysts at RBC Capital raised their price target on shares of MeadWestvaco Corp. from $38.00 to $44.00 in a research note on Tuesday, June 3rd. They now have a “sector perform” rating on the stock. Finally, analysts at KeyCorp initiated coverage on shares of MeadWestvaco Corp. in a research note on Monday, June 2nd. They set a “buy” rating and a $46.00 price target on the stock.
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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