MeadWestvaco (NYSE: MWV) was downgraded by analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday. They currently have a $37.00 price target on the stock. The analysts noted that the move was a valuation call.
A number of other analysts have also recently weighed in on MWV. Analysts at Bank of America raised their price target on shares of MeadWestvaco from $37.00 to $40.00 in a research note to investors on Friday, March 15th. They now have a “buy” rating on the stock. Separately, analysts at Buckingham Research reiterated a “buy” rating on shares of MeadWestvaco in a research note to investors on Tuesday, March 12th. They now have a $43.00 price target on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of MeadWestvaco from $35.00 to $38.00 in a research note to investors on Monday, March 4th. They now have a “market perform” rating on the stock.
Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $35.79.
MeadWestvaco (NYSE: MWV) traded down 1.20% on Monday, hitting $36.23. MeadWestvaco has a 1-year low of $26.15 and a 1-year high of $38.39. The stock’s 50-day moving average is currently $34.75. The company has a market cap of $6.364 billion and a price-to-earnings ratio of 31.61.
MeadWestvaco (NYSE: MWV) last issued its quarterly earnings data on Wednesday, January 30th. The company reported $0.07 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.18 by $0.11. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, analysts predict that MeadWestvaco will post $1.63 earnings per share for the current fiscal year.
MeadWestvaco Corporation (NYSE: MWV) is a global packaging company, which provides packaging solutions to the healthcare, personal care and beauty, food, beverage, media and entertainment, home and garden, tobacco, and commercial print industries.