Veritiv Corporation (VRTV) Receives Daily News Impact Score of 0.01
News articles about Veritiv Corporation (NYSE:VRTV) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Veritiv Corporation earned a media sentiment score of 0.01 on Accern’s scale. Accern also assigned news stories about the basic materials company an impact score of 46.6516618361923 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Zacks: Brokerages Anticipate Veritiv Corporation (VRTV) Will Announce Quarterly Sales of $2.14 Billion (americanbankingnews.com)
- Veritiv Corporation (VRTV) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Barclays PLC Lowers Veritiv Corporation (VRTV) Price Target to $20.00 (americanbankingnews.com)
- Veritiv Corporation (VRTV) Director Buys $472,600.00 in Stock (americanbankingnews.com)
- Veritiv Corporation (VRTV) PT Lowered to $29.00 (americanbankingnews.com)
Veritiv Corporation (VRTV) traded up $0.10 during trading hours on Friday, reaching $23.65. The company’s stock had a trading volume of 174,100 shares, compared to its average volume of 118,600. Veritiv Corporation 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 1.55 and a debt-to-equity ratio of 1.81. The stock has a market cap of $371.30, a price-to-earnings ratio of 8.92 and a beta of 1.22.
VRTV has been the subject of several research reports. BidaskClub lowered Veritiv Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Bank of America Corporation lowered Veritiv Corporation from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $64.00 to $36.00 in a research note on Thursday, August 3rd. SunTrust Banks, Inc. upgraded Veritiv Corporation from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Thursday, August 3rd. They noted that the move was a valuation call. Barclays PLC cut their price objective on Veritiv Corporation from $35.00 to $25.00 and set an “underweight” rating for the company in a research note on Monday, August 7th. Finally, Wells Fargo & Company lowered Veritiv Corporation from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Veritiv Corporation currently has an average rating of “Hold” and a consensus price target of $33.00.
In related news, Chairman Mary A. Laschinger purchased 3,300 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was acquired at an average cost of $30.22 per share, for a total transaction of $99,726.00. Following the completion of the transaction, the chairman now directly owns 63,993 shares of the company’s stock, valued at $1,933,868.46. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Charles Ward purchased 20,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was bought at an average price of $23.63 per share, with a total value of $472,600.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at $472,600. The disclosure for this purchase can be found here. 0.25% of the stock is owned by corporate insiders.
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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