TheStreet Upgrades Veritiv (VRTV) to C

TheStreet upgraded shares of Veritiv (NYSE:VRTV) from a d+ rating to a c rating in a research report released on Monday.

Other equities research analysts have also recently issued research reports about the company. ValuEngine upgraded Veritiv from a hold rating to a buy rating in a report on Friday, August 10th. Zacks Investment Research upgraded Veritiv from a hold rating to a buy rating and set a $44.00 target price on the stock in a report on Saturday, June 30th. Finally, SunTrust Banks increased their target price on Veritiv to $40.00 and gave the company a hold rating in a report on Friday, August 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $35.60.

Shares of NYSE:VRTV opened at $47.85 on Monday. The firm has a market cap of $703.57 million, a price-to-earnings ratio of -57.47 and a beta of 0.43. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.53 and a current ratio of 2.32. Veritiv has a one year low of $20.35 and a one year high of $51.00.

Several hedge funds have recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY boosted its holdings in shares of Veritiv by 36.0% during the second quarter. Metropolitan Life Insurance Co. NY now owns 3,995 shares of the basic materials company’s stock worth $159,000 after purchasing an additional 1,058 shares during the last quarter. Strs Ohio boosted its holdings in shares of Veritiv by 10.1% during the second quarter. Strs Ohio now owns 19,700 shares of the basic materials company’s stock worth $785,000 after purchasing an additional 1,800 shares during the last quarter. Aperio Group LLC boosted its holdings in shares of Veritiv by 21.2% during the first quarter. Aperio Group LLC now owns 11,396 shares of the basic materials company’s stock worth $447,000 after purchasing an additional 1,993 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Veritiv by 1.5% during the first quarter. Northern Trust Corp now owns 139,492 shares of the basic materials company’s stock worth $5,469,000 after purchasing an additional 1,997 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Veritiv by 2.4% during the first quarter. Principal Financial Group Inc. now owns 85,374 shares of the basic materials company’s stock worth $3,347,000 after purchasing an additional 2,026 shares during the last quarter. Institutional investors and hedge funds own 94.15% of the company’s stock.

About Veritiv

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.

Further Reading: Outstanding Shares

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