NYSE:VRTV

Veritiv (VRTV) Stock Forecast, Price & News

$168.63

+0.13 (+0.08%)

(As of 09/26/2023 ET)

Compare

Today's Range: $168.43
▼
$168.87
50-Day Range: $134.90
▼
$169.04
52-Week Range: $94.50
▼
$169.85

Volume: 193,507 shs
Average Volume: 119,816 shs
Market Capitalization: $2.28 billion

P/E Ratio: 7.59
Dividend Yield: 1.49%
Price Target: $158.00

Veritiv MarketRank™ Forecast

Analyst Rating: 0.00 Rating Score
Upside/Downside: 6.3% Downside
$158.00 Price Target
Short Interest: Healthy
3.57% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -2.52
Upright™ Environmental Score
News Sentiment: 0.42
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -13.09%
From $20.25 to $17.60 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.76 out of 5 stars

Basic Materials Sector

135th out of 163 stocks

Paper & Paper Products Industry

1st out of 1 stocks

0.0

Analyst's Opinion

Price Target Upside/Downside
According to analysts' consensus price target of $158.00, Veritiv has a forecasted downside of 6.3% from its current price of $168.63.
Amount of Analyst Coverage
Veritiv has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
3.57% of the float of Veritiv has been sold short.
Short Interest Ratio / Days to Cover
Veritiv has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Veritiv has recently decreased by 37.69%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Veritiv pays a meaningful dividend of 1.50%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Veritiv does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Veritiv is 11.35%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Veritiv will have a dividend payout ratio of 14.32% next year. This indicates that Veritiv will be able to sustain or increase its dividend.

1.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Veritiv has received a -22.17% net impact score from Upright. The largest negative impact of Veritiv in category "GHG emissions" seems to be driven mostly by its "Truck freight transport services", "Wholesale of paperboard", "Wholesale of cosmetics packaging materials", "Supply chain management services", "Wholesale of copy paper", and "Wholesale of coated paper" products. See details.
Environmental Sustainability
The Environmental Impact score for Veritiv is -2.52.

1.9

News and Social Media Coverage

News Sentiment
Veritiv has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Veritiv this week, compared to 2 articles on an average week.
Search Interest
Only 4 people have searched for VRTV on MarketBeat in the last 30 days. This is a decrease of -64% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Veritiv insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.20% of the stock of Veritiv is held by insiders.
Percentage Held by Institutions
99.03% of the stock of Veritiv is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Veritiv are expected to decrease by -13.09% in the coming year, from $20.25 to $17.60 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Veritiv is 7.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 114.31.
Price to Earnings Ratio vs. Sector
The P/E ratio of Veritiv is 7.59, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 87.49.
Price to Earnings Growth Ratio
Veritiv has a PEG Ratio of 0.54. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Veritiv has a P/B Ratio of 3.01. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Veritiv (NYSE:VRTV) Stock

Veritiv Corporation operates as a business-to-business provider of value-added packaging products and services, facility solutions, and print based products and services in the United States and internationally. It operates through Packaging, Facility Solutions, and Print segments. The Packaging segment provides packaging product materials within flexible, corrugated and fiber, ancillary packaging, rigid, and equipment categories. The Facility Solutions segment sources and sells cleaning, break-room, and other supplies in various product categories that include towels and tissues, food service, personal protective equipment, cleaning chemicals, and skincare, as well as re-merchandising, budgeting and compliance reporting, and inventory management services. The Print segment sells and distributes commercial printing, writing, copying, paper, and graphics products. This segment also provides print management, paper procurement, and supply chain management solutions. It serves manufacturing, food and beverage, wholesale and retail, healthcare, transportation, property management, higher education, entertainment and hospitality, commercial printing, and publishing sectors. The company was incorporated in 2013 and is headquartered in Atlanta, Georgia.

VRTV Price History

30 days | 90 days | 365 days | Advanced Chart

VRTV Stock News Headlines

August 31, 2023 | marketbeat.com

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September 26, 2023 | americanbankingnews.com

Veritiv (NYSE:VRTV) Now Covered by StockNews.com

September 27, 2023 | Edge On The Street (Ad)

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September 20, 2023 | markets.businessinsider.com

Veritiv Recognized for its Culture and Business Performance

September 20, 2023 | msn.com

Veritiv's stock value surges amid high return on equity

September 18, 2023 | americanbankingnews.com

Veritiv (NYSE:VRTV) Earns Buy Rating from Analysts at StockNews.com

September 14, 2023 | benzinga.com

SHAREHOLDER ALERT: Planned Mergers of Veritiv and Sculptor Capital Under Investigation Headed by Johnson Fistel

August 25, 2023 | benzinga.com

SHAREHOLDER ALERT: Planned Mergers of CIRCOR and Veritiv Under Investigation Headed by Johnson Fistel

September 27, 2023 | Edge On The Street (Ad)

Is Gold Really Boring?

August 16, 2023 | finance.yahoo.com

Top 5 Stocks to Make the Most of DuPont Analysis

August 11, 2023 | gurufocus.com

Seth Klarman Trims Stake in Veritiv Corp

August 9, 2023 | markets.businessinsider.com

Veritiv Surges On Agreeing To Be Acquired By CD&R

August 8, 2023 | seekingalpha.com

Veritiv: Operating Margin, A Double-Edged Sword

August 8, 2023 | reuters.com

CD&R to take packaging firm Veritiv private in $2.3 billion deal

August 8, 2023 | msn.com

Why Veritiv Shares Are Jumping Today

August 8, 2023 | seekingalpha.com

Veritiv’s stock jumps on $2.3B buyout offer by CD&R

August 8, 2023 | markets.businessinsider.com

Veritiv Corp. Announces Retreat In Q2 Bottom Line, but beats estimates

August 8, 2023 | finance.yahoo.com

Veritiv Announces Second Quarter 2023 Financial Results

August 7, 2023 | msn.com

Veritiv to be acquired by Clayton, Dubilier & Rice at a 20% premium, valuing the company at $2.3 billion

August 7, 2023 | investing.com

Packaging firm Veritiv Corp to be bought by CD&R for $2.3 billion

August 7, 2023 | markets.businessinsider.com

Veritiv To Be Acquired By CD&R; Shareholders To Receive $170/Shr

August 7, 2023 | technews.tmcnet.com

VRTV Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Veritiv Corporation Is Fair to Shareholders

August 7, 2023 | finance.yahoo.com

Veritiv Corporation to be Acquired by CD&R

August 7, 2023 | prnewswire.com

Veritiv Corporation to be Acquired by CD&R

July 21, 2023 | finance.yahoo.com

Veritiv to Release Second Quarter 2023 Financial Results on August 8

July 17, 2023 | finance.yahoo.com

Veritiv Expands Commitment to Community with Two National Nonprofit Organizations

July 14, 2023 | finance.yahoo.com

Veritiv (VRTV) Shows Fast-paced Momentum But Is Still a Bargain Stock

See More Headlines

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VRTV Company Calendar

Last Earnings: 8/08/2023
Ex-Dividend for 9/13 Dividend: 8/16/2023
Dividend Payable: 9/13/2023
Today: 9/27/2023
Next Earnings (Estimated): 11/14/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Conglomerates
Sub-Industry: N/A
Sector: Industrials
Current Symbol: NYSE:VRTV
CUSIP: N/A
CIK: 1599489
Web: www.veritivcorp.com
Phone: (770) 391-8200
Fax: N/A
Employees: 5,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $158.00
High Stock Price Forecast: $158.00
Low Stock Price Forecast: $158.00
Forecasted Upside/Downside: -6.3%
Consensus Rating
Rating Score (0-4): 0.00
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): $22.21
Trailing P/E Ratio: 7.59
Forward P/E Ratio: 8.33
P/E Growth: 0.53
Net Income: $337.90 million
Net Margins: 4.78%
Pretax Margin: 6.41%
Return on Equity: 37.30%
Return on Assets: 13.99%

Debt

Debt-to-Equity Ratio: 0.19
Current Ratio: 2.20
Quick Ratio: 1.42

Sales & Book Value

Annual Sales: $7.15 billion
Price / Sales: 0.32
Cash Flow: $27.51 per share
Price / Cash Flow: 6.13
Book Value: $56.08 per share
Price / Book: 3.01

Miscellaneous

Outstanding Shares: 13,550,000
Free Float: 12,982,000
Market Cap: $2.28 billion
Optionable: Optionable
Beta: 2.17

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Key Executives

Mr. Salvatore A. Abbate (Age 54)
CEO & Director
Comp: $2.8M

Ms. Karen K. Renner (Age 61)
Sr. VP & Chief Information Officer
Comp: $921.46k

Ms. Susan B. Salyer (Age 52)
Sr. VP, Gen. Counsel & Corp. Sec.
Comp: $1.04M

Mr. Eric J. Guerin (Age 51)
Sr. VP & CFO

Mr. Michael D. Walkenhorst (Age 44)
Sr. VP of Packaging & Global Operations

Scott Palfreeman CPA
VP of Fin. & Investor Relations

Mr. Peter C. Troup
VP of Corp. Devel.

Mr. Daniel B. Calderwood (Age 42)
Sr. VP of Facility Solutions, Digital & Marketing

Ms. Stephanie E. Mayerle (Age 45)
Sr. VP of Sales

Mr. Dean A. Adelman (Age 58)
Sr. VP & Chief HR Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

VRTV Stock - Frequently Asked Questions

What is Veritiv's stock price forecast for 2023?: 0 brokerages have issued twelve-month target prices for Veritiv's shares. Their VRTV share price forecasts range from $158.00 to $158.00. On average, they anticipate the company's stock price to reach $158.00 in the next year. This suggests that the stock has a possible downside of 6.3%.
View analysts price targets for VRTV or view top-rated stocks among Wall Street analysts.
How have VRTV shares performed in 2023?: Veritiv's stock was trading at $121.71 on January 1st, 2023. Since then, VRTV stock has increased by 38.6% and is now trading at $168.63.
View the best growth stocks for 2023 here.
Are investors shorting Veritiv?: Veritiv saw a decrease in short interest in August. As of August 31st, there was short interest totaling 460,300 shares, a decrease of 37.7% from the August 15th total of 738,700 shares. Based on an average daily trading volume, of 146,400 shares, the short-interest ratio is currently 3.1 days. Currently, 3.6% of the company's shares are short sold.
View Veritiv's Short Interest.
When is Veritiv's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our VRTV earnings forecast.
How were Veritiv's earnings last quarter?: Veritiv Co. (NYSE:VRTV) announced its quarterly earnings data on Tuesday, August, 8th. The basic materials company reported $5.15 earnings per share for the quarter, topping analysts' consensus estimates of $5.02 by $0.13. The basic materials company had revenue of $1.46 billion for the quarter. Veritiv had a net margin of 4.78% and a trailing twelve-month return on equity of 37.30%. During the same period last year, the business earned $6.12 EPS.
How often does Veritiv pay dividends? What is the dividend yield for Veritiv?: Veritiv announced a quarterly dividend on Monday, August 7th. Shareholders of record on Thursday, August 17th will be given a dividend of $0.63 per share on Wednesday, September 13th. This represents a $2.52 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Wednesday, August 16th.
Read our dividend analysis for VRTV.
What ETFs hold Veritiv's stock?: ETFs with the largest weight of Veritiv (NYSE:VRTV) stock in their portfolio include AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), Cambria Shareholder Yield ETF (SYLD), Pacer US Small Cap Cash Cows 100 ETF (CALF), Invesco S&P SmallCap Value with Momentum ETF (XSVM), ETC 6 Meridian Small Cap Equity ETF (SIXS), Roundhill Acquirers Deep Value ETF (DEEP), Invesco S&P SmallCap Industrials ETF (PSCI) and Invesco S&P SmallCap Quality ETF (XSHQ).
Is Veritiv a good dividend stock?: Veritiv (NYSE:VRTV) pays an annual dividend of $2.52 per share and currently has a dividend yield of 1.50%. The dividend payout ratio is 11.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VRTV will have a dividend payout ratio of 14.32% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for VRTV.

What is Salvatore A. Abbate's approval rating as Veritiv's CEO?: 7 employees have rated Veritiv Chief Executive Officer Salvatore A. Abbate on Glassdoor.com. Salvatore A. Abbate has an approval rating of 100% among the company's employees. This puts Salvatore A. Abbate in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Veritiv own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Veritiv investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), AutoZone (AZO), Designer Brands (DBI), NanoString Technologies (NSTG), Precision Drilling (PD) and Accenture (ACN).
What is Veritiv's stock symbol?: Veritiv trades on the New York Stock Exchange (NYSE) under the ticker symbol "VRTV."
Who are Veritiv's major shareholders?: Veritiv's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (15.80%), Dimensional Fund Advisors LP (7.88%), State Street Corp (3.84%), Wasatch Advisors LP (1.96%), Geode Capital Management LLC (1.93%) and Pacer Advisors Inc. (1.89%). Insiders that own company stock include Bain Capital Investors Llc, Salvatore A Abbate and Stephen E Macadam.
View institutional ownership trends.
How do I buy shares of Veritiv?: Shares of VRTV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Veritiv's stock price today?: One share of VRTV stock can currently be purchased for approximately $168.63.
How much money does Veritiv make?: Veritiv (NYSE:VRTV) has a market capitalization of $2.28 billion and generates $7.15 billion in revenue each year. The basic materials company earns $337.90 million in net income (profit) each year or $22.21 on an earnings per share basis.
How many employees does Veritiv have?: The company employs 5,000 workers across the globe.
How can I contact Veritiv?: Veritiv's mailing address is 1000 Abernathy Road Ne Building 400 Suite 1700, ATLANTA GA, 30328. The official website for the company is www.veritivcorp.com. The basic materials company can be reached via phone at (770) 391-8200 or via email at investor@veritivcorp.com.

This page (NYSE:VRTV) was last updated on 9/27/2023 by MarketBeat.com Staff

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