Verso Corporation (VRS) Given $15.63 Consensus Target Price by Analysts
Shares of Verso Corporation (NYSE:VRS) have received an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation. Verso Corporation’s rating score has improved by 33.3% from three months ago as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 1-year consensus target price of $15.63 for the company and are expecting that the company will post $0.77 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Verso Corporation an industry rank of 204 out of 265 based on the ratings given to related companies.
A number of equities analysts have recently issued reports on VRS shares. B. Riley set a $11.00 price objective on Verso Corporation and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Zacks Investment Research upgraded Verso Corporation from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a research report on Tuesday, October 24th. ValuEngine upgraded Verso Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Finally, BWS Financial raised their price objective on Verso Corporation from $15.00 to $20.00 and gave the stock a “strong-buy” rating in a research report on Friday, November 17th.
A number of hedge funds have recently modified their holdings of the business. Rhumbline Advisers increased its holdings in Verso Corporation by 33.2% in the third quarter. Rhumbline Advisers now owns 47,259 shares of the basic materials company’s stock worth $241,000 after purchasing an additional 11,790 shares in the last quarter. Geode Capital Management LLC increased its holdings in Verso Corporation by 11.6% in the first quarter. Geode Capital Management LLC now owns 187,526 shares of the basic materials company’s stock worth $1,125,000 after purchasing an additional 19,430 shares in the last quarter. Voya Investment Management LLC bought a new stake in Verso Corporation in the second quarter worth approximately $104,000. Strs Ohio increased its holdings in Verso Corporation by 25.6% in the third quarter. Strs Ohio now owns 112,000 shares of the basic materials company’s stock worth $570,000 after purchasing an additional 22,800 shares in the last quarter. Finally, California Public Employees Retirement System bought a new stake in Verso Corporation in the first quarter worth approximately $145,000. Institutional investors and hedge funds own 52.14% of the company’s stock.
Shares of Verso Corporation (VRS) traded up $0.65 on Thursday, hitting $10.67. The stock had a trading volume of 758,700 shares, compared to its average volume of 261,101. Verso Corporation has a 52 week low of $3.17 and a 52 week high of $10.86. The company has a quick ratio of 0.80, a current ratio of 2.15 and a debt-to-equity ratio of 0.35.
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.
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