BMO Capital Markets downgraded shares of MeadWestvaco Corp. (NYSE:MWV) from a market perform rating to an underperform rating in a research note released on Wednesday morning, TheFlyOnTheWall.com reports. They currently have $35.50 target price on the stock. The analysts noted that the move was a valuation call.
MWV has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of MeadWestvaco Corp. from a neutral rating to an underperform rating in a research note to investors on Friday, November 15th. They now have a $31.00 price target on the stock. Separately, analysts at RBC Capital cut their price target on shares of MeadWestvaco Corp. from $36.00 to $33.00 in a research note to investors on Wednesday, October 30th. They now have a sector perform rating on the stock. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $36.17.
Shares of MeadWestvaco Corp. (NYSE:MWV) opened at 34.96 on Wednesday. MeadWestvaco Corp. has a 1-year low of $30.22 and a 1-year high of $39.38. The stock’s 50-day moving average is $35.24 and its 200-day moving average is $36.23. The company has a market cap of $6.219 billion and a price-to-earnings ratio of 35.13.
MeadWestvaco Corp. (NYSE:MWV) last released its earnings data on Tuesday, October 29th. The company reported $0.49 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.51 by $0.02. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. Analysts expect that MeadWestvaco Corp. will post $1.26 EPS for the current fiscal year.
MeadWestvaco Corporation (NYSE:MWV) is a global packaging company providing solutions to the healthcare, beauty and personal care, food, beverage, home and garden, tobacco, and agricultural industries.
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