Veritiv (VRTV) EPS Estimated At $1.14; First Niagara Financial Group Inc. (FNFG) Covered By 2 Bulls

October 15, 2017 - By Richard Conner

Analysts expect Veritiv Corp (NYSE:VRTV) to report $1.14 EPS on November, 8.They anticipate $0.80 EPS change or 235.29% from last quarter’s $0.34 EPS. VRTV’s profit would be $17.90 million giving it 7.04 P/E if the $1.14 EPS is correct. After having $0.88 EPS previously, Veritiv Corp’s analysts see 29.55% EPS growth. It closed at $32.1 lastly. It is down 28.48% since October 15, 2016 and is uptrending. It has outperformed by 11.78% the S&P500.

Among 11 analysts covering First Niagara Financial Group (NASDAQ:FNFG), 2 have Buy rating, 2 Sell and 7 Hold. Therefore 18% are positive. First Niagara Financial Group had 14 analyst reports since July 28, 2015 according to SRatingsIntel. On Friday, November 13 the stock rating was downgraded by Standpoint Research to “Hold”. The firm has “Buy” rating given on Thursday, October 1 by Compass Point. The rating was downgraded by Boenning & Scattergood to “Under Perform” on Friday, October 30. The company was downgraded on Monday, October 26 by Wells Fargo. The company was maintained on Friday, September 25 by Barclays Capital. The firm has “Neutral” rating given on Monday, November 2 by Goldman Sachs. The rating was maintained by RBC Capital Markets on Monday, October 26 with “Sector Perform”. See First Niagara Financial Group Inc. (NASDAQ:FNFG) latest ratings:

Among 6 analysts covering Veritiv Corp (NYSE:VRTV), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive. Veritiv Corp had 10 analyst reports since November 18, 2015 according to SRatingsIntel. On Wednesday, March 15 the stock rating was initiated by Wells Fargo with “Market Perform”. Bank of America downgraded the stock to “Hold” rating in Thursday, August 3 report. The stock of Veritiv Corp (NYSE:VRTV) has “Underweight” rating given on Monday, August 7 by Barclays Capital. SunTrust upgraded the shares of VRTV in report on Thursday, August 3 to “Buy” rating. The firm earned “Underweight” rating on Friday, January 8 by Barclays Capital. The firm has “Market Perform” rating given on Thursday, August 3 by William Blair. The rating was downgraded by Vertical Research on Tuesday, November 8 to “Hold”. Bank of America initiated Veritiv Corp (NYSE:VRTV) on Wednesday, January 11 with “Buy” rating. The rating was upgraded by Wells Fargo on Thursday, May 18 to “Outperform”.

Investors sentiment decreased to 1.1 in 2017 Q2. Its down 0.90, from 2 in 2017Q1. It turned negative, as 34 investors sold Veritiv Corp shares while 37 reduced holdings. 21 funds opened positions while 57 raised stakes. 14.48 million shares or 3.70% more from 13.97 million shares in 2017Q1 were reported. Cranbrook Wealth Management Ltd Liability Corporation, a Michigan-based fund reported 3 shares. Federated Pa reported 82 shares or 0% of all its holdings. Sg Americas Limited Liability Corporation has invested 0% of its portfolio in Veritiv Corp (NYSE:VRTV). 9 are held by Gemmer Asset Mgmt Ltd Company. 111 were accumulated by First Manhattan. Brandywine Invest Lc invested in 0.02% or 60,390 shares. Invesco Limited owns 57,093 shares for 0% of their portfolio. 137,751 were accumulated by Northern Trust Corporation. Barclays Public Ltd Liability Company reported 2,353 shares. 95 were reported by Ubs Asset Mngmt Americas. 83 were reported by Huntington National Bank & Trust. Moreover, Carroll Fincl Assocs Inc has 0% invested in Veritiv Corp (NYSE:VRTV). Gru, New York-based fund reported 8,576 shares. Manufacturers Life Insur The owns 9,184 shares. Cubist Systematic Strategies Ltd Llc holds 8,719 shares or 0.03% of its portfolio.

Since May 5, 2017, it had 4 insider purchases, and 0 selling transactions for $708,431 activity. The insider Watkoske Daniel J bought $41,500. 6,100 Veritiv Corp (NYSE:VRTV) shares with value of $254,431 were bought by Laschinger Mary A. Another trade for 5,000 shares valued at $204,500 was made by Lazzaro Thomas S on Thursday, May 11. LEINBACH TRACY A bought 5,000 shares worth $208,000.

Veritiv Corporation is a business-to-business distributor of print, publishing, packaging and facility solutions. The company has market cap of $503.98 million. The Firm also provides logistics and supply chain management solutions to its customers. It currently has negative earnings. The Company’s divisions are Print, Publishing & Print Management , Packaging, Facility Solutions, and Corporate & Other.

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