Verso Corporation (VRS) Price Target Raised to $20.00
Verso Corporation (NYSE:VRS) had its price target raised by equities research analysts at BWS Financial from $15.00 to $20.00 in a research note issued on Friday. The firm currently has a “strong-buy” rating on the basic materials company’s stock. BWS Financial’s price objective would suggest a potential upside of 121.24% from the stock’s current price.
Several other research analysts have also recently issued reports on the company. B. Riley set a $11.00 target price on Verso Corporation and gave the company a “buy” rating in a research report on Wednesday. Zacks Investment Research upgraded Verso Corporation from a “hold” rating to a “buy” rating and set a $7.75 price target on the stock in a report on Tuesday, October 24th. Finally, ValuEngine upgraded Verso Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st.
Shares of Verso Corporation (NYSE VRS) traded up $0.05 during trading on Friday, reaching $9.04. The company’s stock had a trading volume of 1,023,600 shares, compared to its average volume of 250,174. The company has a quick ratio of 0.84, a current ratio of 2.15 and a debt-to-equity ratio of 0.35. Verso Corporation has a 12-month low of $3.17 and a 12-month high of $9.56.
Several large investors have recently added to or reduced their stakes in VRS. Bank of New York Mellon Corp purchased a new position in Verso Corporation during the first quarter worth about $319,000. California Public Employees Retirement System purchased a new position in Verso Corporation during the first quarter worth about $145,000. Vanguard Group Inc. grew its position in Verso Corporation by 8.0% during the first quarter. Vanguard Group Inc. now owns 1,207,277 shares of the basic materials company’s stock worth $7,244,000 after buying an additional 89,588 shares in the last quarter. Geode Capital Management LLC grew its position in Verso Corporation by 11.6% during the first quarter. Geode Capital Management LLC now owns 187,526 shares of the basic materials company’s stock worth $1,125,000 after buying an additional 19,430 shares in the last quarter. Finally, Dimensional Fund Advisors LP purchased a new position in Verso Corporation during the first quarter worth about $576,000. Institutional investors own 52.50% of the company’s stock.
About Verso Corporation
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.
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