Veritiv (NYSE:VRTV) Downgraded by Zacks Investment Research to Hold

Veritiv stock has undergone multiple analysts rating changes in the recent past.  Veritiv Downgraded by Zacks Investment Research on 10-12-21. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Strong-Buy.

Shares of Veritiv traded down -$0.10 on Tuesday, reaching $96.99. 0 shares of the stock traded hands, compared to its average volume of 120993. Shares of Veritiv were trading at $96.99 on Tuesday. The firm’s 50 day moving average is $86.44 and its 200 day moving average is $53.89.Veritiv has a 12 month low of $96.02 and a 12 month high of $99.94. While on yearly highs and lows, Veritiv’s today has traded high as $98.07 and has touched $96.02 on the downward trend. See More Analyst Rating at: RATING

Veritiv Earnings and What to expect: 

Veritiv last announced its earnings results on August 8th, 2021. The basic materials company reported $1.62 EPS for the quarter, topping the consensus estimate of $0.81 by $0.81. The company earned $1.66 billion during the quarter. Veritiv has generated $3.64 earnings per share over the last year ($6.10 diluted earnings per share) and currently has a price-to-earnings ratio of 15.9. Earnings for Veritiv are expected to grow by 16.79% in the coming year, from $6.55 to $7.65 per share. Veritiv has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, November 4th, 2021 based off prior year’s report dates.

Earnings for Veritiv are expected to grow by 16.79% in the coming year, from $6.55 to $7.65 per share. The P/E ratio of Veritiv is 15.90, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.78. The P/E ratio of Veritiv is 15.90, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 15.99. Veritiv has a P/B Ratio of 2.64. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Veritiv (NYSE:VRTV) Moving Average Technical Analysis

5 day Moving Average is $96.00 And 5 day price change is $0.80 (0.83%)  with average volume for 5 day average is 66,180. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $91.20 and 20 day price change is $9.65 (11.05%) and average 20 day moving volume is 117,860. 50 day moving average is $86.44  and 50 day price change is $35.61 ( 58.02%)  and with average volume for 50 days is : 126,252. 200 day moving average is $53.89  and 200 day price change is $75.95 (360.98%)  and with average volume for 200 days is : 223,598.

Other owners latest trading in Veritiv :

  • On 10/12/2021 shares held by Koshinski Asset Management Inc. were 352 which equates to market value of $32K and appx 0.00% owners of Veritiv
  • On 10/12/2021 shares held by Louisiana State Employees Retirement System were 6,800 which equates to market value of $0.61M and appx 0.00% owners of Veritiv
  • On 10/7/2021 shares held by State of Alaska Department of Revenue were 10,342 which equates to market value of $0.93M and appx 0.00% owners of Veritiv
  • In total Institutional ownership equates to Institutional Ownership Percentage: 92.83% for Veritiv

See More Analyst Rating at: RATING