Veritiv Corp (NYSE:VRTV) has been given a consensus rating of “Hold” by the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $31.33.
A number of equities analysts have recently weighed in on VRTV shares. Zacks Investment Research cut shares of Veritiv from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. BidaskClub raised shares of Veritiv from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. William Blair cut shares of Veritiv from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 9th. TheStreet cut shares of Veritiv from a “c-” rating to a “d+” rating in a research report on Monday, August 21st. Finally, Barclays cut their price objective on shares of Veritiv from $25.00 to $20.00 and set an “underweight” rating on the stock in a research report on Friday, November 10th.
In related news, Director Charles Ward acquired 20,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average cost of $23.63 per share, with a total value of $472,600.00. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at approximately $472,600. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tracy A. Leinbach acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was bought at an average cost of $23.69 per share, for a total transaction of $118,450.00. The disclosure for this purchase can be found here. Insiders purchased a total of 28,300 shares of company stock worth $690,776 over the last ninety days. 0.25% of the stock is currently owned by insiders.
Veritiv (VRTV) opened at $27.15 on Wednesday. The firm has a market cap of $418.41, a price-to-earnings ratio of 10.06 and a beta of 1.10. Veritiv has a 52-week low of $20.35 and a 52-week high of $62.60. The company has a current ratio of 2.36, a quick ratio of 1.51 and a debt-to-equity ratio of 1.81.
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Veritiv Corporation is a business-to-business distributor of print, publishing, packaging and facility solutions. The Company also provides logistics and supply chain management solutions to its customers. The Company’s segments are Print, Publishing & Print Management (Publishing), Packaging, Facility Solutions, and Corporate & Other.
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