Verso Corp (NYSE:VRS) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation. Verso’s rating score has improved by 50% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a one year consensus price objective of $37.00 for the company and are forecasting that the company will post $1.00 EPS for the current quarter, according to Zacks. Zacks has also given Verso an industry rank of 205 out of 255 based on the ratings given to related companies.
Several research firms recently weighed in on VRS. Zacks Investment Research raised shares of Verso from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Saturday, October 5th. ValuEngine raised shares of Verso from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, B. Riley raised shares of Verso from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $16.00 to $24.00 in a research report on Wednesday, November 13th.
Shares of Verso stock traded up $0.68 during trading on Monday, reaching $18.37. The company’s stock had a trading volume of 7,993 shares, compared to its average volume of 344,513. Verso has a 52 week low of $9.61 and a 52 week high of $26.26. The business’s 50-day moving average price is $14.71 and its 200-day moving average price is $15.45. The company has a quick ratio of 0.70, a current ratio of 2.04 and a debt-to-equity ratio of 0.03. The firm has a market cap of $618.32 million, a PE ratio of 4.96 and a beta of 2.03.
Verso (NYSE:VRS) last posted its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $1.02. Verso had a net margin of 1.57% and a return on equity of 15.45%. The business had revenue of $616.00 million during the quarter, compared to analysts’ expectations of $629.70 million. Equities analysts predict that Verso will post 3.1 earnings per share for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of VRS. Aperio Group LLC acquired a new position in Verso during the second quarter worth about $603,000. DekaBank Deutsche Girozentrale acquired a new position in Verso during the second quarter worth about $65,000. Nuveen Asset Management LLC raised its stake in Verso by 3,665.5% during the second quarter. Nuveen Asset Management LLC now owns 455,584 shares of the basic materials company’s stock worth $8,679,000 after acquiring an additional 443,485 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in Verso by 97.3% during the second quarter. UBS Asset Management Americas Inc. now owns 26,683 shares of the basic materials company’s stock worth $508,000 after acquiring an additional 13,159 shares in the last quarter. Finally, Macquarie Group Ltd. raised its stake in Verso by 241.0% during the second quarter. Macquarie Group Ltd. now owns 10,413 shares of the basic materials company’s stock worth $198,000 after acquiring an additional 7,359 shares in the last quarter. 88.18% of the stock is owned by institutional investors and hedge funds.
Verso Company Profile
Verso Corporation produces and sells coated papers in North America. It operates through two segments, Paper and Pulp. The company offers coated freesheet and coated groundwood, specialty, packaging, inkjet and digital, supercalendered, and uncoated freesheet papers; and bleached and unbleached market kraft pulp to manufacture printing, writing, and tissue products.
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