B of A Securities reiterated coverage of Veritiv with a rating of Buy and set a new price target of $86.00 from $72.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/10/2021 | $72.00 → $86.00 | Buy | B of A Securities |
NEW YORK, Nov. 27, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Thursday, November 30: Carlyle Group Inc. (NASD: CG) will replace ICU Medical Inc. (NASD: ICUI) in the S&P MidCap 400. ICU Medical will replace PacWest Bancorp (NASD: PACW) in the S&P SmallCap 600. Banc of California Inc. (NYSE:BANC) is acquiring PacWest Bancorp in a deal expected to be completed soon, pending final closing conditions. Post-merger, Banc of California will remain in the S&P SmallCap 600. ICU Medical is more representative of the small-cap market space.WP Carey Inc. (NYSE: WPC) will replace Worthingt
Announces Cooperation Agreement with Shareholder Stadium Capital Board to Form a Capital Allocation Committee, Comprised of New and Tenured Directors, to Provide Analysis and Recommendations to Board Sleep Number Corporation (NASDAQ:SNBR) today announced that it has appointed Stephen E. Macadam and Hilary A. Schneider to its Board of Directors (the "Board"), effective immediately, expanding the Board to twelve members. In conjunction with the appointments, Sleep Number entered into a cooperation agreement (the "Cooperation Agreement") with Stadium Capital Management, LLC (collectively with its affiliates, "Stadium Capital"), one of the company's shareholders. Steve Macadam is the Chai
FORT SMITH, Ark., Feb. 2, 2023 /PRNewswire/ -- ArcBest® (NASDAQ:ARCB), a leading logistics company with creative problem solvers who deliver innovative solutions, today announced that a new member has been added to the ArcBest Board of Directors. The new director is Salvatore A. Abbate, whose term began January 30. The appointment of Abbate to the board fills the vacancy from Steve Gorman's departure in August 2022, returning the total ArcBest board membership to 9. Abbate, 54, is chief executive officer of Veritiv Corporation (NYSE:VRTV), a position he has held since October
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On CNBC’s "Mad Money Lightning Round," Jim Cramer said Corning Incorporated (NYSE:GLW) reported a disappointing quarter. "In this market, it stays disappointing, there’s just no bounce, maybe next year," he noted. Cramer said Vertiv Holdings Co (NYSE:VRTV) is a Buy. Don’t forget to check out our premarket coverage here The "Mad Money" host recommended holding Texas Instruments Incorporated (NASDAQ:TXN). "Now, they are very shareholder friendly, but then again, they do have a lot of industrial that is not doing that well… [but] you’re not going to make a lot of money in it right now, because that was a really terrible last quarter," he added. Merck & Co., Inc. (NYSE:MRK) is do
What Defines a Value Stock? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. The following stocks are considered to be notable value stocks in the industrials sector: Veritiv (NYSE:VRTV) - P/E: 7.61 Bridger Aerospace Gr (NASDAQ:BAER) - P/E: 1.13 GEO Group (NYSE:GEO) - P/E: 9.37 Delta Air Lines (NYSE:DAL) - P/E: 7.69 GrafTech International (NYSE:EAF) - P/E: 7.22 Veritiv saw an increase in earnings per share from 5.0 in Q1 to $5.15 now. Most recently, the company reported a dividend
The most overbought stocks in the industrials sector presents an opportunity to go short on these overvalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70. Here’s the latest list of major overbought players in this sector. Steelcase Inc. (NYSE:SCS) Steelcase reported better-than-expected second-quarter financial results and issued third-quarter and full-year 2024 earnings per share guidance abov
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B of A Securities reiterated coverage of Veritiv with a rating of Buy and set a new price target of $86.00 from $72.00 previously
Veritiv Becomes Privately Held Company ATLANTA, Nov. 30, 2023 /PRNewswire/ -- Veritiv Corporation, a leading distributor of packaging, facility solutions, and print products, today announced that an affiliate of Clayton, Dubilier & Rice, LLC (CD&R) completed its acquisition of the company. On August 7, 2023, CD&R and Veritiv announced they had entered into a definitive agreement under which each share of Veritiv common stock issued and outstanding immediately prior to the closing of the transaction would be acquired for $170.00 per share in cash, valuing Veritiv at approximately $2.6 billion. "The completion of this transaction represents an important milestone in our company's journey," sa
NEW YORK, Nov. 27, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Thursday, November 30: Carlyle Group Inc. (NASD: CG) will replace ICU Medical Inc. (NASD: ICUI) in the S&P MidCap 400. ICU Medical will replace PacWest Bancorp (NASD: PACW) in the S&P SmallCap 600. Banc of California Inc. (NYSE:BANC) is acquiring PacWest Bancorp in a deal expected to be completed soon, pending final closing conditions. Post-merger, Banc of California will remain in the S&P SmallCap 600. ICU Medical is more representative of the small-cap market space.WP Carey Inc. (NYSE: WPC) will replace Worthingt
Announces Cooperation Agreement with Shareholder Stadium Capital Board to Form a Capital Allocation Committee, Comprised of New and Tenured Directors, to Provide Analysis and Recommendations to Board Sleep Number Corporation (NASDAQ:SNBR) today announced that it has appointed Stephen E. Macadam and Hilary A. Schneider to its Board of Directors (the "Board"), effective immediately, expanding the Board to twelve members. In conjunction with the appointments, Sleep Number entered into a cooperation agreement (the "Cooperation Agreement") with Stadium Capital Management, LLC (collectively with its affiliates, "Stadium Capital"), one of the company's shareholders. Steve Macadam is the Chai
Second Quarter Highlights Net Income of $70.7 million, a decrease of 22.4% from prior yearDiluted EPS of $5.15, a decrease of 15.8% from prior yearRecord second quarter Adjusted EBITDA margin1 of 7.7%14 consecutive quarters of year-over-year Adjusted EBITDA margin expansionATLANTA, Aug. 8, 2023 /PRNewswire/ -- Veritiv Corporation (NYSE:VRTV), a leading full-service provider of business-to-business products, services and solutions, today announced financial results for the second quarter ended June 30, 2023. "The second quarter highlighted the value of our diversified and complementary portfolio of products and industry verticals. Despite challenging macroeconomic conditions, Adjusted EBITDA
Shareholders to Receive $170 Per Share in CashTransaction Expected to Close in the Fourth Quarter of 2023Veritiv Board of Directors Approves Quarterly Dividend of $0.63 Per Share ATLANTA, Aug. 7, 2023 /PRNewswire/ -- Veritiv Corporation (NYSE:VRTV), a leading distributor of packaging, facility solutions and print products, announced today that it has entered into a definitive agreement to be acquired by an affiliate of Clayton, Dubilier & Rice, LLC (CD&R). Under the terms of the agreement, each share of Veritiv common stock issued and outstanding immediately prior to the closing of the transaction will be entitled to receive $170 per share in cash, representing a nearly 31% premium over Veri
ATLANTA, July 21, 2023 /PRNewswire/ -- Veritiv Corporation (NYSE:VRTV) will host a live conference call and webcast to discuss its second quarter 2023 financial results on Tuesday, August 8, at 9 a.m. ET. To participate, callers within the U.S. and Canada can dial (888) 330-2469 using conference ID number 3047006. International callers can use the following link for international access numbers. https://events.evolveirportal.com/custom/access/2324 Interested parties can also listen online at ir.veritivcorp.com. A replay of the call and webcast will be available online for a limited period at ir.veritivcorp.com shortly after the live webcast is completed. Prior to the August 8 financial resu