The stock of Veritiv Corp (NYSE:VRTV) reached all time high today, Nov, 7 and still has $85.91 target or 53.00% above today’s $56.15 share price. This indicates more upside for the $879.64M company. This technical setup was reported by Barchart.com. If the $85.91 PT is reached, the company will be worth $466.21M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 36,315 shares traded hands. Veritiv Corp (NYSE:VRTV) has risen 44.22% since April 5, 2016 and is uptrending. It has outperformed by 42.27% the S&P500.
Analysts await Veritiv Corp (NYSE:VRTV) to report earnings on November, 10. They expect $1.21 EPS, down 25.31% or $0.41 from last year’s $1.62 per share. VRTV’s profit will be $18.96M for 11.60 P/E if the $1.21 EPS becomes a reality. After $0.49 actual EPS reported by Veritiv Corp for the previous quarter, Wall Street now forecasts 146.94% EPS growth.
According to Zacks Investment Research, “Veritiv Corporation engages in offering North American business-to-business distribution solutions. It provides packaging, print and print management, publishing, supply chain, facility and logistics solutions that span the entire lifecycle of core business operations. The company’s customers vary across a number of industries, including manufacturing, healthcare, retail and more. Veritiv Corporation is headquartered in Atlanta, Georgia.”
Insitutional Activity: The institutional sentiment increased to 0.96 in 2016 Q2. Its up 0.12, from 0.84 in 2016Q1. The ratio is positive, as 13 funds sold all Veritiv Corp shares owned while 42 reduced positions. 16 funds bought stakes while 37 increased positions. They now own 15.53 million shares or 1.59% less from 15.78 million shares in 2016Q1.
Moreover, Citigroup Inc has 0% invested in Veritiv Corp (NYSE:VRTV) for 7,006 shares. Benjamin F Edwards Inc holds 0% or 21 shares in its portfolio. Anchor Cap Lc holds 0.04% of its portfolio in Veritiv Corp (NYSE:VRTV) for 45,729 shares. Manchester Management Ltd Llc holds 49 shares or 0% of its portfolio. Dimensional Fund Lp holds 282,718 shares or 0.01% of its portfolio. Goldman Sachs Grp Inc Incorporated reported 24,921 shares or 0% of all its holdings. Pinebridge Invests Ltd Partnership has 0% invested in the company for 959 shares. Blackrock Institutional Trust Co Na last reported 221,056 shares in the company. Riggs Asset Managment has 5 shares for 0% of their US portfolio. Ameriprise Fincl Incorporated has 41,274 shares for 0% of their US portfolio. Tradewinds Cap Management Lc, a Washington-based fund reported 4 shares. Nationwide Fund Advsrs last reported 5,771 shares in the company. First Manhattan last reported 0% of its portfolio in the stock. Spark Invest Mngmt Lc owns 53,000 shares or 0.19% of their US portfolio. Brandywine Glob Investment Mngmt Lc last reported 8,600 shares in the company.
More important recent Veritiv Corp (NYSE:VRTV) news were published by: Cincinnati.com which released: “Veritiv moving 400 jobs to Fairfield” on January 25, 2016, also Zacks.com published article titled: “Veritiv Corporation Now a Strong Sell on Bleak Prospects”, Seekingalpha.com published: “Veritiv Corp. For The Value Investor?” on August 26, 2014. More interesting news about Veritiv Corp (NYSE:VRTV) was released by: Streetinsider.com and their article: “International Paper (IP) Completes Veritiv (VRTV) Spin-Off; Starts Trading …” with publication date: July 02, 2014.
VRTV Company Profile
Veritiv Corporation (Veritiv), incorporated on July 10, 2013, is a business-to-business distributor of print, publishing, packaging, facility and logistics solutions. The Firm operates from approximately 180 distribution centers primarily across the United States, Canada and Mexico, serving clients across a range of industries. The Firm operates through four divisions: Print, Publishing, Packaging and Facility Solutions. The Firm provides services to printers, publishers, commercial printing, data centers, manufacturers, higher education institutions, healthcare facilities, sporting and performance arenas, retail stores, government agencies, property managers and building service contractors. The Veritiv Logistics Solutions business provides transportation and warehousing solutions.
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