Verso (VRS) Upgraded to “Strong-Buy” at Zacks Investment Research

Verso (NYSE:VRS) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Sunday. The brokerage presently has a $20.00 target price on the basic materials company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 17.37% from the company’s current price.

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. “

Other analysts have also recently issued research reports about the stock. BWS Financial raised shares of Verso from a “buy” rating to a “strong-buy” rating and set a $15.00 target price on the stock in a research note on Wednesday, October 18th. B. Riley set a $11.00 target price on shares of Verso and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Finally, ValuEngine raised shares of Verso from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st.

Verso (VRS) opened at $17.04 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.15 and a quick ratio of 0.80. Verso has a one year low of $3.17 and a one year high of $18.12.

Verso (NYSE:VRS) last announced its quarterly earnings data on Tuesday, November 14th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.15). Verso had a negative net margin of 2.35% and a negative return on equity of 6.58%. equities research analysts expect that Verso will post -1.15 EPS for the current year.

In other Verso news, major shareholder Mudrick Capital Management, L. sold 50,000 shares of the business’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $16.43, for a total transaction of $821,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders have sold 1,286,595 shares of company stock worth $21,508,948. Insiders own 4.20% of the company’s stock.

Several large investors have recently modified their holdings of the company. Donald Smith & CO. Inc. lifted its holdings in shares of Verso by 34.2% during the second quarter. Donald Smith & CO. Inc. now owns 2,061,732 shares of the basic materials company’s stock worth $9,670,000 after purchasing an additional 524,849 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Verso by 4.9% during the second quarter. Vanguard Group Inc. now owns 1,265,919 shares of the basic materials company’s stock worth $5,937,000 after purchasing an additional 58,642 shares during the period. Aegis Financial Corp lifted its holdings in shares of Verso by 9.9% during the second quarter. Aegis Financial Corp now owns 723,389 shares of the basic materials company’s stock worth $3,393,000 after purchasing an additional 65,432 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Verso during the fourth quarter worth $8,377,000. Finally, Skylands Capital LLC acquired a new position in shares of Verso during the fourth quarter worth $8,282,000. Institutional investors own 53.22% of the company’s stock.

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About Verso

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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