Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Veritiv (VRTV) Stock Price

Media headlines about Veritiv (NYSE:VRTV) have been trending somewhat positive on Friday, Accern Sentiment Analysis reports. The research group rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Veritiv earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 46.6247693388276 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Several brokerages recently issued reports on VRTV. Zacks Investment Research raised Veritiv from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective for the company in a report on Saturday, February 3rd. ValuEngine cut Veritiv from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Bank of America reduced their price objective on Veritiv from $36.00 to $29.00 and set a “neutral” rating for the company in a report on Wednesday, November 8th. SunTrust Banks cut Veritiv from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, Wells Fargo & Co cut Veritiv from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $31.75.

Veritiv (NYSE VRTV) traded up $0.50 during midday trading on Friday, hitting $24.50. The stock had a trading volume of 60,177 shares, compared to its average volume of 94,182. Veritiv has a 12 month low of $20.35 and a 12 month high of $62.60. The firm has a market capitalization of $365.82, a PE ratio of -17.88, a price-to-earnings-growth ratio of 0.83 and a beta of 1.02. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.51 and a current ratio of 2.36.

TRADEMARK VIOLATION NOTICE: This piece was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this piece on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this piece can be viewed at https://stocknewstimes.com/2018/02/16/somewhat-favorable-media-coverage-somewhat-unlikely-to-affect-veritiv-vrtv-stock-price.html.

About Veritiv

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.

Insider Buying and Selling by Quarter for Veritiv (NYSE:VRTV)

Receive News & Ratings for Veritiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veritiv and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply