Veritiv Corp (VRTV)’s Stock Is Buy After Today’s Big Increase

September 17, 2017 - By Marie Mckinney

Investors sentiment increased to 1.73 in Q4 2016. Its up 0.28, from 1.45 in 2016Q3. It improved, as 17 investors sold Veritiv Corp shares while 34 reduced holdings. 25 funds opened positions while 63 raised stakes. 14.59 million shares or 3.58% less from 15.13 million shares in 2016Q3 were reported.
Brandywine Inv Mngmt Limited Co reported 0.02% of its portfolio in Veritiv Corp (NYSE:VRTV). Schwab Charles Mgmt holds 31,434 shares. Fortaleza Asset Management has 1 shares. Cranbrook Wealth Mngmt Ltd invested in 0% or 3 shares. Teachers Retirement Systems Of The State Of Kentucky reported 5,222 shares. Thrivent Financial For Lutherans owns 0% invested in Veritiv Corp (NYSE:VRTV) for 5,050 shares. Zebra Cap Ltd Liability Com, a Connecticut-based fund reported 23,962 shares. Morgan Stanley has invested 0% of its portfolio in Veritiv Corp (NYSE:VRTV). First Manhattan has 0% invested in Veritiv Corp (NYSE:VRTV) for 111 shares. 2,057 were reported by Mason Street Advisors Limited Liability. Prudential Financial Inc, New Jersey-based fund reported 20,987 shares. Stifel Finance Corp has invested 0.01% in Veritiv Corp (NYSE:VRTV). Oakworth Cap has 8 shares. Mark Sheptoff Fincl Planning Ltd Co invested in 0% or 10 shares. Da Davidson & Company holds 0% of its portfolio in Veritiv Corp (NYSE:VRTV) for 225 shares.

Since March 22, 2017, it had 4 insider buys, and 1 sale for $96.74 million activity. Laschinger Mary A had bought 6,100 shares worth $254,431. On Thursday, May 11 LEINBACH TRACY A bought $208,000 worth of Veritiv Corp (NYSE:VRTV) or 5,000 shares. $97.45 million worth of Veritiv Corp (NYSE:VRTV) was sold by BAIN CAPITAL INVESTORS LLC on Wednesday, March 22. $204,500 worth of stock was bought by Lazzaro Thomas S on Thursday, May 11. Watkoske Daniel J also bought $41,500 worth of Veritiv Corp (NYSE:VRTV) on Friday, May 5.

The stock of Veritiv Corp (NYSE:VRTV) is a huge mover today! The stock increased 4.68% or $1.45 on September 15, reaching $32.45. About 264,006 shares traded or 136.43% up from the average. Veritiv Corp (NYSE:VRTV) has risen 28.48% since September 17, 2016 and is uptrending. It has outperformed by 11.78% the S&P500.
The move comes after 7 months positive chart setup for the $509.47 million company. It was reported on Sep, 17 by Barchart.com. We have $35.37 PT which if reached, will make NYSE:VRTV worth $45.85M more.

Investors wait Veritiv Corp (NYSE:VRTV) to report on November, 8. its quarterly earnings Wall Street analysts expect $1.14 earnings per share, up $0.80 or 235.29 % from last year’s $0.34 same quarter earnings. This translates into $17.90M profit for VRTV giving the stock a 7.12 P/E. This is assuming the current $1.14 EPS is accurate. Veritiv Corp’s Wall Street analysts see 29.55 % EPS growth, taking into account the $0.88 EPS reproted in the previous quarter,

Veritiv Corp (NYSE:VRTV) Ratings Coverage

Among 6 analysts covering Veritiv Corp (NYSE:VRTV), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive. Veritiv Corp had 10 analyst reports since November 18, 2015 according to SRatingsIntel. The company was downgraded on Friday, January 8 by Barclays Capital. The rating was upgraded by Wells Fargo to “Outperform” on Thursday, May 18. The stock of Veritiv Corp (NYSE:VRTV) earned “Hold” rating by Vertical Research on Tuesday, November 8. On Thursday, August 3 the stock rating was upgraded by SunTrust to “Buy”. The stock of Veritiv Corp (NYSE:VRTV) earned “Buy” rating by Bank of America on Wednesday, January 11. The stock of Veritiv Corp (NYSE:VRTV) has “Hold” rating given on Thursday, August 3 by Bank of America. On Monday, August 7 the stock rating was maintained by Barclays Capital with “Underweight”. The firm has “Market Perform” rating given on Thursday, August 3 by William Blair. Wells Fargo initiated Veritiv Corp (NYSE:VRTV) on Wednesday, March 15 with “Market Perform” rating.

More notable recent Veritiv Corp (NYSE:VRTV) news were published by: Seekingalpha.com which released: “Veritiv Corporation’s (VRTV) CEO Mary Laschinger on Q2 2017 Results – Earnings …” on August 02, 2017, also Bizjournals.com with their article: “Georgia’s largest woman-run company makes first acquisition since going public” published on September 05, 2017, Seekingalpha.com published: “Veritiv Corp’s (VRTV) CEO Mary Laschinger on Q1 2017 Results – Earnings Call …” on May 03, 2017. More interesting news about Veritiv Corp (NYSE:VRTV) were released by: Prnewswire.com and their article: “Veritiv Completes Acquisition of All American Containers” published on September 05, 2017 as well as Fool.com‘s news article titled: “Why Veritiv Corp. Stock Plunged Today” with publication date: March 17, 2017.

Veritiv Corporation is a business-to-business distributor of print, publishing, packaging and facility solutions. The company has market cap of $509.47 million. The Firm also provides logistics and supply chain management solutions to its customers. It currently has negative earnings. The Company’s divisions are Print, Publishing & Print Management , Packaging, Facility Solutions, and Corporate & Other.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.