What is Veritiv's stock price target for 2024?

0 brokerages have issued 1 year price objectives for Veritiv's shares. Their VRTV share price targets range from $158.00 to $158.00. On average, they predict the company's stock price to reach $158.00 in the next twelve months. This suggests that the stock has a possible downside of 7.1%. View analysts price targets for VRTV or view top-rated stocks among Wall Street analysts .

How were Veritiv's earnings last quarter?

Veritiv Co. (NYSE:VRTV) posted its earnings results 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 trailing twelve-month return on equity of 32.03% and a net margin of 4.46%. During the same quarter last year, the company posted $6.12 EPS.

How often does Veritiv pay dividends? What is the dividend yield for Veritiv?

Veritiv declared 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 yield of 1.48%. The ex-dividend date is Wednesday, August 16th. Read our dividend analysis for VRTV .

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 1.48%. The dividend payout ratio is 12.75%. This payout ratio is at a healthy, sustainable level, below 75%. 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) , Roundhill Acquirers Deep Value ETF (DEEP) , First Trust Small Cap Value AlphaDEX Fund (FYT) and First Trust Small Cap Core AlphaDEX Fund (FYX) . WisdomTree U.S. SmallCap Fund (EES) .

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 Xtrackers California Municipal Bond ETF (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) .

NYSE:VRTV

Veritiv (VRTV) Stock Price, News & Analysis

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Notice: This company has been marked as potentially delisted and may not be actively trading.

Compare

Today's Range: $169.99
▼
$169.99
50-Day Range: $169.39
▼
$169.99
52-Week Range: $101.50
▼
$170.02

Volume: N/A
Average Volume: 137,799 shs
Market Capitalization: $2.31 billion

P/E Ratio: 8.60
Dividend Yield: 1.48%
Price Target: $158.00

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Veritiv MarketRank™ Stock Analysis

Analyst Rating: 0.00 Rating Score
Upside/Downside: 7.1% Downside
$158.00 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: -2.52
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.06 out of 5 stars

Basic Materials Sector

168th out of 169 stocks

Paper & Paper Products Industry

1st out of 1 stocks

0.0

Analyst's Opinion

Amount of Analyst Coverage
Veritiv has received no research coverage in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for VRTV.

1.7

Dividend Strength

Dividend Yield
Veritiv pays a meaningful dividend of 1.48%, 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 12.75%. This payout ratio is at a healthy, sustainable level, below 75%.

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.

0.0

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Veritiv this week, compared to 1 article on an average week.

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.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Veritiv is 8.60, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.01.
Price to Earnings Ratio vs. Sector
The P/E ratio of Veritiv is 8.60, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 128.76.
Price to Book Value per Share Ratio
Veritiv has a P/B Ratio of 2.46. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Veritiv Stock (NYSE:VRTV)

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.

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VRTV Stock News Headlines

April 15, 2024 | finance.yahoo.com

Veritiv Acquires AmeriPac

March 12, 2024 | finance.yahoo.com

Stuart Crockford Joins Veritiv as Senior Vice President - Business Development

April 16, 2024 | Crypto Swap Profits (Ad)

He Is Giving Away Bitcoin

March 8, 2024 | finance.yahoo.com

Mesirow Advises Vivabox Solutions, LLC, a Portfolio Company of Lion Equity Partners, on its Sale to Veritiv Corporation

February 23, 2024 | finance.yahoo.com

Veritiv Acquires Vivabox Solutions

February 23, 2024 | bizjournals.com

Atlanta's Veritiv Corp. buys Maryland-based marketing and packaging company

February 16, 2024 | morningstar.com

Enviva Inc EVA

November 17, 2023 | bloomberg.com

Veritiv Buyout Debt Package Sold After Last-Minute Tweaks

April 16, 2024 | Crypto Swap Profits (Ad)

He Is Giving Away Bitcoin

November 9, 2023 | msn.com

Veritiv ticks higher amid Mexican approval for sale to Clayton, Dubilier & Rice

November 1, 2023 | msn.com

Veritiv Corporation: The End Of A Volatile Era

October 19, 2023 | markets.businessinsider.com

Veritiv Stockholders Vote In Favor Of Acquisition

October 18, 2023 | finance.yahoo.com

Is Now The Time To Put Veritiv (NYSE:VRTV) On Your Watchlist?

October 2, 2023 | stockhouse.com

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates AEL, NEWR, FRGI, VRTV

September 28, 2023 | businesswire.com

VERITIV CORPORATION INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Veritiv ...

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 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

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

See More Headlines

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Company Calendar

Last Earnings: 8/08/2023
Today: 4/16/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Basic Materials
Industry: Paper & paper products
Sub-Industry: N/A
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 Target: $158.00
High Stock Price Target: $158.00
Low Stock Price Target: $158.00
Potential Upside/Downside: -7.1%
Consensus Rating
Rating Score (0-4): 0.00
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): $19.77
Trailing P/E Ratio: 8.60
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $337.90 million
Net Margins: 4.46%
Pretax Margin: 6.01%
Return on Equity: 32.03%
Return on Assets: 13.37%

Debt

Debt-to-Equity Ratio: 0.07
Current Ratio: 2.02
Quick Ratio: 1.34

Sales & Book Value

Annual Sales: $7.15 billion
Price / Sales: 0.32
Cash Flow: $27.46 per share
Price / Cash Flow: 6.19
Book Value: $69.10 per share
Price / Book: 2.46

Miscellaneous

Outstanding Shares: 13,570,000
Free Float: 12,997,000
Market Cap: $2.31 billion
Optionable: Optionable
Beta: 2.15

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Key Executives

Mr. Salvatore A. Abbate (Age 54)
CEO & Director
Comp: $2.8M
Ms. Karen K. Renner (Age 61)
Senior VP & Chief Information Officer
Comp: $921.46k
Ms. Susan B. Salyer (Age 52)
Senior VP, General Counsel & Corporate Secretary
Comp: $1.04M
Mr. Eric J. Guerin (Age 51)
Senior VP & CFO
Mr. Michael D. Walkenhorst (Age 44)
Senior Vice President of Packaging & Global Operations
Scott Palfreeman CPA
Vice President of Finance & Investor Relations
Mr. Peter C. Troup
Vice President of Corporate Development
Mr. Daniel B. Calderwood (Age 42)
Senior Vice President of Facility Solutions, Digital & Marketing
Ms. Stephanie E. Mayerle (Age 45)
Senior Vice President of Sales
Mr. Dean A. Adelman (Age 58)
Senior VP & Chief Human Resources Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

VRTV Stock Analysis - Frequently Asked Questions

What is Veritiv's stock price target for 2024?: 0 brokerages have issued 1 year price objectives for Veritiv's shares. Their VRTV share price targets range from $158.00 to $158.00. On average, they predict the company's stock price to reach $158.00 in the next twelve months. This suggests that the stock has a possible downside of 7.1%.
View analysts price targets for VRTV or view top-rated stocks among Wall Street analysts.
How were Veritiv's earnings last quarter?: Veritiv Co. (NYSE:VRTV) posted its earnings results 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 trailing twelve-month return on equity of 32.03% and a net margin of 4.46%. During the same quarter last year, the company posted $6.12 EPS.
How often does Veritiv pay dividends? What is the dividend yield for Veritiv?: Veritiv declared 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 yield of 1.48%. The ex-dividend date is Wednesday, August 16th.
Read our dividend analysis for VRTV.
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 1.48%. The dividend payout ratio is 12.75%. This payout ratio is at a healthy, sustainable level, below 75%.
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), Roundhill Acquirers Deep Value ETF (DEEP), First Trust Small Cap Value AlphaDEX Fund (FYT) and First Trust Small Cap Core AlphaDEX Fund (FYX).WisdomTree U.S. SmallCap Fund (EES).
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 Xtrackers California Municipal Bond ETF (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).

This page (NYSE:VRTV) was last updated on 4/16/2024 by MarketBeat.com Staff

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Veritiv (VRTV) Stock Price, News & Analysis

Veritiv MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Coverage This Week

Company Ownership

Earnings and Valuation

About Veritiv Stock (NYSE:VRTV)

VRTV Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

VRTV Stock Analysis - Frequently Asked Questions

Overall MarketRank^™