Verso Corporation (VRS) Lowered to Sell at Zacks Investment Research
Verso Corporation (NYSE:VRS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday.
According to Zacks, “Verso Corporation is engaged in the paper industry. The Company produces coated freesheet, coated ground wood and uncoated super calendered papers and pulp. It serves to magazine and catalog publishers, commercial printers, specialty retail merchandisers and paper merchants. The company operates primarily in Kentucky, Maine, Maryland, Michigan, Minnesota and Wisconsin. Verso Corporation is based in Memphis, United States. “
Several other brokerages have also issued reports on VRS. B. Riley assumed coverage on shares of Verso Corporation in a report on Thursday, April 27th. They set a “buy” rating and a $11.25 price objective on the stock. ValuEngine lowered shares of Verso Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th.
Shares of Verso Corporation (NYSE VRS) opened at 3.97 on Wednesday. Verso Corporation has a 1-year low of $3.17 and a 1-year high of $8.95. The stock has a market cap of $136.79 million and a P/E ratio of 2.23. The company has a 50 day moving average price of $4.65 and a 200 day moving average price of $5.54.
Verso Corporation (NYSE:VRS) last issued its quarterly earnings data on Wednesday, August 9th. The basic materials company reported ($1.42) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.03) by $0.39. The business had revenue of $585 million for the quarter, compared to analysts’ expectations of $579.52 million. Verso Corporation had a net margin of 47.46% and a return on equity of 168.52%. On average, equities analysts anticipate that Verso Corporation will post ($1.37) EPS for the current year.
TRADEMARK VIOLATION NOTICE: “Verso Corporation (VRS) Lowered to Sell at Zacks Investment Research” was posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The correct version of this story can be read at https://www.americanbankingnews.com/2017/08/16/verso-corporation-vrs-lowered-to-sell-at-zacks-investment-research.html.
A number of institutional investors have recently added to or reduced their stakes in the company. Voya Investment Management LLC purchased a new position in Verso Corporation during the second quarter valued at about $104,000. California Public Employees Retirement System purchased a new position in Verso Corporation during the first quarter valued at about $145,000. BlueCrest Capital Management Ltd purchased a new position in Verso Corporation during the first quarter valued at about $147,000. Rhumbline Advisers purchased a new position in Verso Corporation during the second quarter valued at about $166,000. Finally, KCG Holdings Inc. purchased a new position in Verso Corporation during the first quarter valued at about $170,000. 56.83% of the stock is currently owned by institutional investors and hedge funds.
Verso Corporation Company Profile
Verso Corporation is a producer of coated papers, which are used in magazines, catalogs, advertising brochures and annual reports, among other media and marketing publications. The Company operates through two segments: paper and pulp. The Paper segment includes paper products, which are used in media and marketing applications, including catalogs, magazines, and commercial printing applications, such as advertising brochures, annual reports and direct-mail advertising.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Verso Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verso Corporation and related companies with MarketBeat.com's FREE daily email newsletter.