Shares of Veritiv Corp (NYSE:VRTV) have received a consensus rating of “Hold” from the seven analysts that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $39.50.

Several research analysts have recently issued reports on VRTV shares. ValuEngine downgraded Veritiv from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. Zacks Investment Research downgraded shares of Veritiv from a “buy” rating to a “hold” rating in a research note on Wednesday, August 15th. Sidoti assumed coverage on shares of Veritiv in a research note on Wednesday, October 24th. They issued a “buy” rating and a $44.00 target price for the company. SunTrust Banks boosted their target price on shares of Veritiv to $40.00 and gave the company a “hold” rating in a research note on Friday, August 10th. Finally, TheStreet raised shares of Veritiv from a “d+” rating to a “c” rating in a research note on Monday, August 13th.

In other news, major shareholder Bain Capital Investors Llc sold 1,500,000 shares of the company’s stock in a transaction dated Tuesday, September 25th. The shares were sold at an average price of $41.40, for a total transaction of $62,100,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Mary A. Laschinger acquired 3,350 shares of the company’s stock in a transaction dated Monday, November 19th. The shares were bought at an average cost of $29.79 per share, with a total value of $99,796.50. The disclosure for this purchase can be found here. Insiders own 0.80% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY increased its stake in shares of Veritiv by 36.0% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 3,995 shares of the basic materials company’s stock valued at $159,000 after acquiring an additional 1,058 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Veritiv by 8.4% during the 3rd quarter. Wells Fargo & Company MN now owns 20,770 shares of the basic materials company’s stock valued at $755,000 after acquiring an additional 1,610 shares during the last quarter. Strs Ohio increased its stake in shares of Veritiv by 10.1% during the 2nd quarter. Strs Ohio now owns 19,700 shares of the basic materials company’s stock valued at $785,000 after acquiring an additional 1,800 shares during the last quarter. Stone Ridge Asset Management LLC increased its stake in shares of Veritiv by 21.3% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 11,274 shares of the basic materials company’s stock valued at $410,000 after acquiring an additional 1,981 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Veritiv by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 85,374 shares of the basic materials company’s stock valued at $3,347,000 after acquiring an additional 2,026 shares during the last quarter. 98.49% of the stock is owned by institutional investors.

NYSE:VRTV opened at $29.35 on Wednesday. The firm has a market cap of $471.91 million, a PE ratio of -34.53 and a beta of 0.67. The company has a debt-to-equity ratio of 1.86, a current ratio of 2.32 and a quick ratio of 1.53. Veritiv has a 52-week low of $22.28 and a 52-week high of $51.00.

Veritiv (NYSE:VRTV) last released its quarterly earnings results on Tuesday, November 6th. The basic materials company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.21). The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.18 billion. Veritiv had a positive return on equity of 6.77% and a negative net margin of 0.15%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.91) EPS. On average, analysts expect that Veritiv will post 2.97 EPS for the current fiscal year.

Veritiv Company Profile

Veritiv Corporation operates as a business-to-business distributor of packaging, facility solutions, print, and publishing products and services in the United States, Canada, and internationally. It operates through four segments: Packaging, Facility Solutions, Print, and Publishing. The Packaging segment offers standard and custom packaging solutions.

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