Veritiv Corp’s Overweight Rating Reaffirmed at Barclays (VRTV)
Veritiv Corp (NASDAQ:VRTV)‘s stock had its “overweight” rating reaffirmed by equities researchers at Barclays in a research report issued on Friday. They currently have a $49.00 price target on the stock, up from their previous price target of $45.00. Barclays’ price target would suggest a potential upside of 10.26% from the stock’s previous close.
Shares of Veritiv Corp (NASDAQ:VRTV) traded up 1.17% during mid-day trading on Friday, hitting $44.96. The stock had a trading volume of 11,687 shares. Veritiv Corp has a 52-week low of $31.94 and a 52-week high of $53.21. The stock has a 50-day moving average of $38.83 and a 200-day moving average of $38.83.
Veritiv Corp (NASDAQ:VRTV) last announced its earnings results on Wednesday, August 13th. The company reported ($0.21) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.47 by $0.68. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.40 billion. Analysts expect that Veritiv Corp will post $2.85 EPS for the current fiscal year.
Receive News & Ratings for Veritiv Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veritiv Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.