Recent Analysts’ Ratings Updates for Verso (VRS)

A number of research firms have changed their ratings and price targets for Verso (NYSE: VRS):

  • 1/25/2018 – Verso was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. 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. “
  • 1/21/2018 – Verso was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $20.00 price target on the stock. 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. “
  • 1/18/2018 – Verso was given a new $20.00 price target on by analysts at BWS Financial. They now have a “buy” rating on the stock.
  • 1/17/2018 – Verso was given a new $20.00 price target on by analysts at B. Riley. They now have a “buy” rating on the stock.
  • 12/31/2017 – Verso was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 12/20/2017 – Verso had its price target raised by analysts at B. Riley from $11.25 to $20.00. They now have a “buy” rating on the stock.

Verso Co. (NYSE VRS) opened at $16.33 on Monday. The stock has a market capitalization of $550.83 and a PE ratio of -9.72. 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 Co. has a 12-month low of $3.17 and a 12-month high of $18.12.

Verso (NYSE:VRS) last announced its earnings results on Tuesday, November 14th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.15). The firm had revenue of $621.00 million during the quarter, compared to analysts’ expectations of $632.65 million. Verso had a negative return on equity of 6.58% and a negative net margin of 2.35%. equities analysts anticipate that Verso Co. will post -1.17 EPS for the current fiscal year.

In other news, major shareholder Mudrick Capital Management, L. sold 312,746 shares of Verso stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $16.63, for a total transaction of $5,200,965.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over 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.

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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