Zacks Investment Research upgraded Veritiv Corp (NYSE:VRTV) to Hold in a report released today.
- Updated: January 11, 2017
Zacks Investment Research has upgraded Veritiv Corp (NYSE:VRTV) to Hold in a report released on 01/11/2017.
Previously on 1/8/2016, Barclays Capital reported about Veritiv Corp (NYSE:VRTV) lowered the target price from $45.00 to $32.00. At the time, this indicated a possible downside of -0.08%.
Yesterday Veritiv Corp (NYSE:VRTV) traded 11.39% higher at $52.70. The company’s 50-day moving average is $51.58 and its 200-day moving average is $48.83. The last stock close price is up 20.22% from the 200-day moving average, compared to the S&P 500 which has decreased -0.04% over the same time. 78,874 shares of the stock were exchanged, down from an average trading volume of 84,336
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Veritiv Corp has a 52 week low of $27.44 and a 52 week high of $58.75 with a P/E ratio of 35.19 The company’s market cap is currently $0.
About Veritiv Corp (NYSE:VRTV)
Veritiv Corporation (Veritiv) is a business-to-business distributor of print, publishing, packaging, facility and logistics solutions. Veritiv operates through four segments: Print, Publishing, Packaging and Facility Solutions. The Print segment sells and distributes commercial printing, writing, copying, digital, wide format and specialty paper products, graphics consumables and graphics equipment. The Publishing segment sells and distributes coated and uncoated commercial printing papers to publishers, retailers, converters, printers and specialty businesses. The Packaging segment provides standard and custom packaging solutions. The Facility Solutions segment sources and sells cleaning, break-room and other supplies, such as towels, tissues, wipers and dispensers, can liners, commercial cleaning chemicals, soaps and sanitizers, sanitary maintenance supplies and equipment, safety and hazard supplies, and shampoos and amenities.
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