StockNews.com has initiated coverage on Veritiv (NYSE:VRTV) with a buy rating on the basic materials company’s stock. Bank of America also recently dropped their price target on Veritiv shares from $159.00 to $158.00.
Shares of Veritiv opened at $168.86 on Wednesday, with a market cap of $2.29 billion. The company has a price-to-earnings ratio of 7.60 and a beta of 2.13. Veritiv’s 1-year low is $97.26 and its 1-year high is $169.85.
Veritiv last posted its quarterly earnings results on August 8th, reporting earnings per share of $5.15, which beat analysts’ consensus estimates of $5.02 by $0.13. The company had revenue of $1.46 billion during the quarter and a return on equity of 37.30%. Sell-side analysts predict that Veritiv will post $20.25 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, with a payout of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.49%. Veritiv’s dividend payout ratio is currently 11.35%.
Institutional investors have been making changes to their positions in the stock. Virginia Retirement Systems ET AL bought a new position in Veritiv in the 2nd quarter, while Teachers Retirement System of The State of Kentucky increased its stake in the company by 4.7%. Nuveen Asset Management LLC and Alliancebernstein L.P. also boosted their stakes in Veritiv.
Veritiv Corporation operates as a business-to-business provider of packaging products and services, facility solutions, and print-based products and services. The company operates through three segments: Packaging, Facility Solutions, and Print.
Sources: StockNews.com
Definitions:
- Buy rating: A recommendation to purchase a specific stock, indicating that the analyst believes the stock is undervalued and likely to increase in price.
- Price target: An analyst’s estimate of where a stock’s price is expected to go in a given time period, based on various factors such as company performance and market conditions.
- Market cap: The total value of a company’s outstanding shares of stock, calculated by multiplying the share price by the number of shares.
- Price-to-earnings ratio (P/E ratio): The ratio of a company’s share price to its earnings per share, indicating how much investors are willing to pay for each unit of earnings.
- P/E/G ratio: A variation of the P/E ratio that takes into account a company’s expected future growth. A lower ratio indicates that the stock may be undervalued.
- Beta: A measure of a stock’s volatility in relation to the overall market.
- Current ratio: A measure of a company’s ability to pay off its short-term liabilities with its short-term assets. A higher ratio indicates better liquidity.
- Quick ratio: A stricter measure of a company’s ability to pay off its short-term liabilities, excluding inventory from the calculation.
- Debt-to-equity ratio: A measure of a company’s financial leverage, calculated by dividing its total debt by its shareholders’ equity.
- Return on equity: A measure of a company’s profitability that indicates how much profit it generates with the money investors have put into the business.
- Net margin: The percentage of revenue that is left after all expenses have been deducted.
- Dividend: A portion of a company’s earnings that is distributed to its shareholders, usually in the form of cash.
- Dividend yield: A measure of a company’s dividend as a percentage of its stock price.
- Institutional investors: Large organizations, such as investment banks, insurance companies, and pension funds, that pool their resources to invest in the stock market on behalf of their clients.
- Packaging: The process of designing and producing containers and materials used for protecting and transporting products.
- Facility solutions: Products and services that support the operation and maintenance of buildings and facilities.
- Print-based products and services: Printing and related services, such as design, production, and distribution of printed materials.
StockNews.com has initiated coverage on Veritiv (NYSE:VRTV) with a buy rating on the basic materials company’s stock. Bank of America also recently dropped their price target on Veritiv shares from $159.00 to $158.00.
Shares of Veritiv opened at $168.86 on Wednesday, with a market cap of $2.29 billion. The company has a price-to-earnings ratio of 7.60 and a beta of 2.13. Veritiv’s 1-year low is $97.26 and its 1-year high is $169.85.
Veritiv last posted its quarterly earnings results on August 8th, reporting earnings per share of $5.15, which beat analysts’ consensus estimates of $5.02 by $0.13. The company had revenue of $1.46 billion during the quarter and a return on equity of 37.30%. Sell-side analysts predict that Veritiv will post $20.25 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, with a payout of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.49%. Veritiv’s dividend payout ratio is currently 11.35%.
Institutional investors have been making changes to their positions in the stock. Virginia Retirement Systems ET AL bought a new position in Veritiv in the 2nd quarter, while Teachers Retirement System of The State of Kentucky increased its stake in the company by 4.7%. Nuveen Asset Management LLC and Alliancebernstein L.P. also boosted their stakes in Veritiv.
Veritiv Corporation operates as a business-to-business provider of packaging products and services, facility solutions, and print-based products and services. The company operates through three segments: Packaging, Facility Solutions, and Print.
Sources: StockNews.com
Definitions:
- Buy rating: A recommendation to purchase a specific stock, indicating that the analyst believes the stock is undervalued and likely to increase in price.
- Price target: An analyst’s estimate of where a stock’s price is expected to go in a given time period, based on various factors such as company performance and market conditions.
- Market cap: The total value of a company’s outstanding shares of stock, calculated by multiplying the share price by the number of shares.
- Price-to-earnings ratio (P/E ratio): The ratio of a company’s share price to its earnings per share, indicating how much investors are willing to pay for each unit of earnings.
- P/E/G ratio: A variation of the P/E ratio that takes into account a company’s expected future growth. A lower ratio indicates that the stock may be undervalued.
- Beta: A measure of a stock’s volatility in relation to the overall market.
- Current ratio: A measure of a company’s ability to pay off its short-term liabilities with its short-term assets. A higher ratio indicates better liquidity.
- Quick ratio: A stricter measure of a company’s ability to pay off its short-term liabilities, excluding inventory from the calculation.
- Debt-to-equity ratio: A measure of a company’s financial leverage, calculated by dividing its total debt by its shareholders’ equity.
- Return on equity: A measure of a company’s profitability that indicates how much profit it generates with the money investors have put into the business.
- Net margin: The percentage of revenue that is left after all expenses have been deducted.
- Dividend: A portion of a company’s earnings that is distributed to its shareholders, usually in the form of cash.
- Dividend yield: A measure of a company’s dividend as a percentage of its stock price.
- Institutional investors: Large organizations, such as investment banks, insurance companies, and pension funds, that pool their resources to invest in the stock market on behalf of their clients.
- Packaging: The process of designing and producing containers and materials used for protecting and transporting products.
- Facility solutions: Products and services that support the operation and maintenance of buildings and facilities.
- Print-based products and services: Printing and related services, such as design, production, and distribution of printed materials.
