Zacks: Verso Co. (VRS) Given Average Rating of “Strong Buy” by Analysts
Verso Co. (NYSE:VRS) has been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating. Verso’s rating score has improved by 33.3% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokerages have set a one year consensus price target of $15.63 for the company and are predicting that the company will post $0.77 EPS for the current quarter, according to Zacks. Zacks has also given Verso an industry rank of 182 out of 265 based on the ratings given to related companies.
Several research firms recently weighed in on VRS. Zacks Investment Research downgraded Verso from a “buy” rating to a “hold” rating in a research note on Thursday, November 23rd. BWS Financial increased their target price on Verso from $15.00 to $20.00 and gave the company a “strong-buy” rating in a report on Friday, November 17th. B. Riley set a $11.00 target price on Verso and gave the company a “buy” rating in a report on Wednesday, November 15th. Finally, ValuEngine upgraded Verso from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st.
Hedge funds have recently bought and sold shares of the company. Voya Investment Management LLC acquired a new stake in shares of Verso during the second quarter worth $104,000. Wells Fargo & Company MN acquired a new position in Verso in the third quarter valued at $130,000. California Public Employees Retirement System acquired a new position in Verso in the first quarter valued at $145,000. Rhumbline Advisers acquired a new position in Verso in the second quarter valued at $166,000. Finally, Schwab Charles Investment Management Inc. acquired a new position in Verso in the second quarter valued at $275,000. Institutional investors and hedge funds own 53.22% of the company’s stock.
Verso (NYSE VRS) opened at $11.55 on Friday. Verso has a one year low of $3.17 and a one year high of $12.82. The company has a quick ratio of 0.80, a current ratio of 2.15 and a debt-to-equity ratio of 0.35.
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Verso 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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