Veritiv Corporation (NYSE:VRTV) 52-Week Price Target At $41.750


Thomson Reuters, a distinguished research firm, has put a 52-week price target of $41.750 on Veritiv Corporation (NYSE:VRTV) shares after it questioned top market analysts. Calculating projected earnings after factoring different elements, it is predicted to be $2.770 for the next fiscal and $N/A for in progress quarter.

Valuation Estimates

Analysts consider the price to earnings ratio to assess the firm’s valuation. This ratio, also known as the P/E ratio appraises the firm on relative expense factor. The method to estimate ratio is stock’s price/ per share earnings. Veritiv Corporation (NYSE:VRTV)P/E ratio stands at 22.257.

In essence, the price-earnings ratio specifies the dollar amount a stockholder can expect to spend in a company in order to obtain one dollar of that firm’s earnings. It is why the P/E ratio is sometimes stated as the multiple because it displays how much investors are ready to pay per dollar of profits. If a company were now trading at a multiple of 20, the reading is that an investor is ready to pay $20 for $1 of present earnings.

Analysts work out Price/Earnings Growth ratio to assess the valuation of a firm. This ratio, commonly called as the PEG ratio hint at the stock’s valuation paralleled to earnings growth prospect. Investors want to invest in the stocks boasting a lower PEG ratio. For Veritiv Corporation Common Stoc, the PEG ratio for next 3-5 years is 0.770.

Technical Analysis

The technical study highlights that Veritiv Corporation Common Stoc current is trading $2.726 points away or +5.792% from 50-day moving average of $47.063. It is trading $9.410 or +23.303% away 200-day moving average of $40.380.

The 52-week high of Veritiv Corporation (NYSE:VRTV) was $52.490 while lowest point in 52-week was $27.436. It shows if stock price records a movement of over $-2.701, it will touch 52-week high. Conversely, in the case of +81.473% drop, it will hit a new 52-week low.

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