Veritiv Corporation (NYSE:VRTV) saw an upside of 20.04% to $169.51 after adding $28.3 on Monday. The 5-day average trading volume is 189,056 shares of the company’s common stock. It has gained $169.85 in the past week and touched a new high 3 times within the past 5 days. An average of 88,769 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 106,832.
VRTV’s 1-month performance is 36.04% or $44.75 on its low of $123.97 reached on 07/10/23. The company’s shares have touched a 52-week low of $94.50 and high of $161.84, with the stock’s rally to the 52-week high happening on 08/07/23. YTD, VRTV has achieved 39.27% or $47.64 and has reached a new high 8 times. However, the current price is up 4.74% from the 52-week high price.
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Insider Transactions
VRTV stock investors last saw insider trading activity on Mar 16.Abbate Salvatore A (Chief Executive Officer) most recently sold 5,000 shares at $121.71 per share on Mar 16. This transaction cost the insider $608,564. SVP and Chief HR Officer, Adelman Dean A, sold 2,000 shares at a price of $144.81 on Mar 02.
Valuation Metrics
VRTV stock has a beta of 2.19. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.34 while the price-to-book (PB) in the most recent quarter is 2.81, with the price to cash flow ratio at 7.23.
Veritiv Corporation’s quick ratio for the period ended March 30 was 1.40, with the current ratio over the same period at 2.20. As well, the company’s long term debt to equity for the quarter ending March 30 was 0.28, while the total debt to equity was 0.30. In terms of profitability, the gross margin trailing 12 months is 23.30%. The trailing 12-month EBITDA margin is 6.38% while for the period ending March 30, Veritiv Corporation’s operating margin was 6.60%. The firm’s gross profit as reported stood at $1.62 billion against revenue of $7.15 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -14.26% to $68.7 million, while revenue of $71.6 million was -4.22% off the previous quarter. Analysts expected VRTV to announce $4.47 per share in earnings in its latest quarter, but it posted $5, representing a 11.90% surprise. EBITDA for the quarter stood at more than $105.4 million. VRTV stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 1.21 billion, with total debt at $576.5 million. Shareholders hold equity totaling $13.55 million.
Let’s look briefly at Veritiv Corporation (VRTV) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 04 August was 90.90% to suggest the stock is trending Overbought, with historical volatility in this time period at 87.99%.
The stock’s 5-day moving average is $146.88, reflecting a +20.85% or $29.22 change from its current price. VRTV is currently trading +33.45% above its 20-day SMA, +34.47% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +53.77% and SMA200 by+57.45%.
Stochastic %K and %D was 80.05% and 78.79% and the average true range (ATR) pointed at 6.55. The RSI (14) points at 86.19%, while the 14-day stochastic is at 98.65% with the period’s ATR at 5.59. The stock’s 9-day MACD Oscillator is pointing at 7.36 and 10.07 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Veritiv Corporation (NYSE: VRTV), BofA/Merrill upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for VRTV stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate VRTV as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is VRTV’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $158.00 and a high of $158.00, with their median price target at $158.00. Looking at these predictions, the average price target given by analysts is for Veritiv Corporation (VRTV) stock is $158.00.
