MeadWestvaco Corp. Now Covered by Analysts at BMO Capital Markets (MWV)
Stock analysts at BMO Capital Markets assumed coverage on shares of MeadWestvaco Corp. (NYSE:MWV) in a report issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating and a $45.00 price target on the stock. BMO Capital Markets’ price target indicates a potential upside of 4.99% from the stock’s previous close.
MeadWestvaco Corp. (NYSE:MWV) opened at 42.86 on Thursday. MeadWestvaco Corp. has a 52 week low of $33.38 and a 52 week high of $44.72. The stock’s 50-day moving average is $42.85 and its 200-day moving average is $40.56. The company has a market cap of $7.221 billion and a price-to-earnings ratio of 8.79.
MeadWestvaco Corp. (NYSE:MWV) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.50 by $0.03. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. Analysts expect that MeadWestvaco Corp. will post $1.77 EPS for the current fiscal year.
MWV has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of MeadWestvaco Corp. in a research note on Thursday, July 31st. They now have a $45.00 price target on the stock. Analysts at Bank of America reiterated a “buy” rating on shares of MeadWestvaco Corp. in a research note on Friday, June 20th. They now have a $48.00 price target on the stock, up previously from $44.00. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $44.14.
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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