Verso Co. (NYSE:VRS) has received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.
Brokers have set a 1 year consensus target price of $27.00 for the company and are predicting that the company will post $0.61 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Verso an industry rank of 36 out of 265 based on the ratings given to related companies.
Several equities research analysts recently weighed in on VRS shares. Zacks Investment Research cut shares of Verso from a “buy” rating to a “hold” rating in a research note on Thursday, November 23rd. BWS Financial increased their target price on shares of Verso from $15.00 to $20.00 and gave the company a “strong-buy” rating in a research note on Friday, November 17th. B. Riley increased their target price on shares of Verso from $11.25 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, December 20th. Finally, ValuEngine upgraded shares of Verso from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st.
Verso (NYSE VRS) traded down $0.09 during midday trading on Friday, hitting $17.08. 374,975 shares of the company traded hands, compared to its average volume of 500,847. The company has a current ratio of 2.15, a quick ratio of 0.63 and a debt-to-equity ratio of 0.35. Verso has a twelve month low of $3.17 and a twelve month high of $19.32. The company has a market capitalization of $587.81 and a PE ratio of -19.74.
In other Verso news, major shareholder Mudrick Capital Management, L. sold 312,746 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $16.63, for a total transaction of $5,200,965.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders have sold 1,894,168 shares of company stock valued at $32,029,340. Corporate insiders own 4.20% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in VRS. Teachers Advisors LLC increased its holdings in shares of Verso by 6.2% during the fourth quarter. Teachers Advisors LLC now owns 71,734 shares of the basic materials company’s stock worth $1,260,000 after buying an additional 4,165 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Verso by 20.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 26,092 shares of the basic materials company’s stock worth $458,000 after purchasing an additional 4,493 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Verso by 15.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 67,591 shares of the basic materials company’s stock worth $1,188,000 after purchasing an additional 9,091 shares in the last quarter. Metropolitan Life Insurance Co. NY bought a new position in shares of Verso during the fourth quarter worth $171,000. Finally, Rhumbline Advisers boosted its position in shares of Verso by 33.2% during the third quarter. Rhumbline Advisers now owns 47,259 shares of the basic materials company’s stock worth $241,000 after purchasing an additional 11,790 shares in the last quarter. Hedge funds and other institutional investors own 82.22% 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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