Verso (VRS) PT Raised to $50.00
Verso (NYSE:VRS) had its price objective increased by BWS Financial to $50.00 in a research note issued to investors on Thursday, The Fly reports. The firm presently has a “buy” rating on the basic materials company’s stock. BWS Financial’s target price suggests a potential upside of 82.82% from the company’s current price.
A number of other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of Verso from a “buy” rating to a “hold” rating in a research note on Sunday, July 15th. B. Riley upped their price objective on shares of Verso from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Thursday. Finally, ValuEngine lowered shares of Verso from a “buy” rating to a “hold” rating in a research note on Friday, October 12th.
VRS opened at $27.35 on Thursday. Verso has a fifty-two week low of $7.00 and a fifty-two week high of $34.60. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.69 and a current ratio of 1.78. The company has a market cap of $1.08 billion, a price-to-earnings ratio of -36.47 and a beta of 2.23.
Several large investors have recently bought and sold shares of VRS. Nisa Investment Advisors LLC bought a new stake in shares of Verso in the 2nd quarter valued at $118,000. SG Americas Securities LLC bought a new stake in shares of Verso in the 2nd quarter valued at $125,000. Clear Harbor Asset Management LLC bought a new stake in shares of Verso in the 3rd quarter valued at $237,000. Capital Fund Management S.A. bought a new stake in shares of Verso in the 2nd quarter valued at $244,000. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Verso in the 3rd quarter valued at $261,000. 88.07% of the stock is currently owned by institutional investors.
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, inkjet and digital, supercalendered, and uncoated freesheet papers; and northern bleached hardwood Kraft pulp to manufacture printing, writing, and specialty paper grades, as well as to manufacture tissue products.
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