What Next for Veritiv Corp (VRTV) Stock After Today’s Significant Increase?

September 17, 2017 - By Vivian Currie

Investors sentiment increased to 1.73 in Q4 2016. Its up 0.28, from 1.45 in 2016Q3. It increased, 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.
225 were accumulated by Da Davidson. Teachers Retirement Sys Of The State Of Kentucky has invested 0% in Veritiv Corp (NYSE:VRTV). New York State Common Retirement Fund holds 0% or 15,212 shares. Schwab Charles Mngmt invested in 0% or 31,434 shares. Clarivest Asset Mgmt Ltd accumulated 0.06% or 39,011 shares. D Scott Neal reported 1 shares. Apriem Advsrs owns 1 shares. Moreover, Nordea Inv Mngmt Ab has 0.01% invested in Veritiv Corp (NYSE:VRTV). Brandywine Inv Limited Com has 0.02% invested in Veritiv Corp (NYSE:VRTV) for 48,774 shares. Moreover, Tradewinds Ltd has 0% invested in Veritiv Corp (NYSE:VRTV). California Public Employees Retirement Sys accumulated 48,503 shares. Renaissance Limited Liability reported 14,100 shares. Pdt Partners Limited Liability owns 8,900 shares. Blackrock Institutional Na accumulated 0% or 236,599 shares. Comerica Financial Bank holds 49,183 shares.

Since March 22, 2017, it had 4 buys, and 1 sale for $96.74 million activity. 1.80M shares valued at $97.45M were sold by BAIN CAPITAL INVESTORS LLC on Wednesday, March 22. Another trade for 5,000 shares valued at $208,000 was made by LEINBACH TRACY A on Thursday, May 11. The insider Watkoske Daniel J bought 1,000 shares worth $41,500. The insider Lazzaro Thomas S bought $204,500. 6,100 Veritiv Corp (NYSE:VRTV) shares with value of $254,431 were bought by Laschinger Mary A.

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 EPS, 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. Bank of America initiated Veritiv Corp (NYSE:VRTV) on Wednesday, January 11 with “Buy” rating. The company was downgraded on Tuesday, November 8 by Vertical Research. The stock of Veritiv Corp (NYSE:VRTV) has “Market Perform” rating given on Thursday, August 3 by William Blair. As per Thursday, August 3, the company rating was downgraded by Bank of America. The firm has “Underweight” rating given on Friday, January 8 by Barclays Capital. On Monday, August 7 the stock rating was maintained by Barclays Capital with “Underweight”. The stock of Veritiv Corp (NYSE:VRTV) has “Outperform” rating given on Thursday, May 18 by Wells Fargo. The company was initiated on Wednesday, March 15 by Wells Fargo. The stock has “Buy” rating by SunTrust on Thursday, August 3.

More notable recent Veritiv Corp (NYSE:VRTV) news were published by: Fool.com which released: “Why Pandora Media, athenahealth, and Veritiv Corporation Jumped Today” on May 18, 2017, also Seekingalpha.com with their article: “Veritiv Corporation’s (VRTV) CEO Mary Laschinger on Q2 2017 Results – Earnings …” published on August 02, 2017, Cincinnati.com published: “Veritiv opens Fairfield operations center” on November 28, 2016. More interesting news about Veritiv Corp (NYSE:VRTV) were released by: Seekingalpha.com and their article: “Veritiv Corp’s (VRTV) CEO Mary Laschinger on Q1 2017 Results – Earnings Call …” published on May 03, 2017 as well as Prnewswire.com‘s news article titled: “Veritiv Completes Acquisition of All American Containers” with publication date: September 05, 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.

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