Somewhat Favorable News Coverage Somewhat Unlikely to Impact Veritiv Corporation (VRTV) Stock Price
Media coverage about Veritiv Corporation (NYSE:VRTV) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Veritiv Corporation earned a coverage optimism score of 0.05 on Accern’s scale. Accern also gave news articles about the basic materials company an impact score of 45.7430285676 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news articles that may have effected Accern’s rankings:
- 30.4% Return Seen to Date on SmarTrend Veritiv Corp Call (VRTV) (mysmartrend.com)
- Veritiv Corp. :VRTV-US: Earnings Analysis: Q2, 2017 By the Numbers : August 29, 2017 (finance.yahoo.com)
- Veritiv Corporation (VRTV) Expected to Announce Quarterly Sales of $2.08 Billion (americanbankingnews.com)
- Veritiv Corporation (VRTV) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
- Veritiv Celebrates National Toilet Paper Day By Donating 25,000 Rolls Of Toilet Paper To Love Rolls, Inc. (finance.yahoo.com)
Shares of Veritiv Corporation (VRTV) traded up 0.36% during trading on Thursday, hitting $28.00. The stock had a trading volume of 48,639 shares. The firm’s market capitalization is $439.60 million. Veritiv Corporation has a 1-year low of $26.85 and a 1-year high of $62.60. The stock’s 50-day moving average price is $34.55 and its 200 day moving average price is $45.29.
Veritiv Corporation (NYSE:VRTV) last announced its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.32. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.02 billion. Veritiv Corporation had a negative net margin of 0.02% and a positive return on equity of 5.43%. The business’s revenue was down 1.5% on a year-over-year basis. On average, analysts anticipate that Veritiv Corporation will post $1.45 earnings per share for the current year.
A number of analysts have issued reports on VRTV shares. Zacks Investment Research downgraded Veritiv Corporation from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 6th. Wells Fargo & Company raised Veritiv Corporation from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 18th. BidaskClub downgraded Veritiv Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Bank of America Corporation downgraded Veritiv Corporation from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $64.00 to $36.00 in a research report on Thursday, August 3rd. Finally, SunTrust Banks, Inc. upgraded Veritiv Corporation from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Thursday, August 3rd. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $45.60.
About Veritiv Corporation
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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