Verso Corporation (NYSE:VRS) had its price objective hoisted by BWS Financial from $15.00 to $20.00 in a research report report published on Friday, MarketBeat.com reports. They currently have a strong-buy rating on the basic materials company’s stock.
Other research analysts have also issued reports about the company. B. Riley set a $11.00 target price on Verso Corporation and gave the stock a buy rating in a report on Wednesday, November 15th. Zacks Investment Research upgraded Verso Corporation from a hold rating to a buy rating and set a $7.75 price target for the company in a research note on Tuesday, October 24th. Finally, ValuEngine upgraded Verso Corporation from a strong sell rating to a sell rating in a research note on Friday, September 1st.
Verso Corporation (NYSE:VRS) opened at $9.40 on Friday. The company has a current ratio of 2.15, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. Verso Corporation has a 1-year low of $3.17 and a 1-year high of $9.74.
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Several hedge funds have recently made changes to their positions in VRS. Voya Investment Management LLC bought a new stake in shares of Verso Corporation during the 2nd quarter worth $104,000. Wells Fargo & Company MN bought a new stake in shares of Verso Corporation during the 3rd quarter worth $130,000. California Public Employees Retirement System bought a new stake in shares of Verso Corporation during the 1st quarter worth $145,000. Rhumbline Advisers bought a new stake in shares of Verso Corporation during the 2nd quarter worth $166,000. Finally, KCG Holdings Inc. bought a new stake in shares of Verso Corporation during the 1st quarter worth $170,000. Institutional investors and hedge funds own 52.14% of the company’s stock.
About Verso Corporation
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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