Brokerages Set $20.00 Price Target for Verso Co. (VRS)

Verso Co. (NYSE:VRS) has been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation. Verso’s rating score has improved by 33.3% from three months ago as a result of various analysts’ ratings changes.

Analysts have set a one year consensus price objective of $20.00 for the company and are anticipating that the company will post $0.77 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Verso an industry rank of 176 out of 265 based on the ratings given to related companies.

A number of analysts recently issued reports on the company. ValuEngine upgraded Verso from a “sell” rating to a “hold” rating in a report on Sunday. B. Riley boosted their price target on Verso from $11.25 to $20.00 and gave the company a “buy” rating in a report on Wednesday, December 20th. Zacks Investment Research lowered Verso from a “buy” rating to a “hold” rating in a report on Thursday, November 23rd. Finally, BWS Financial boosted their price target on Verso from $15.00 to $20.00 and gave the company a “strong-buy” rating in a report on Friday, November 17th.

Shares of Verso (NYSE VRS) traded down $0.23 during midday trading on Thursday, hitting $16.88. The company had a trading volume of 1,200,800 shares, compared to its average volume of 1,641,100. The company has a quick ratio of 0.80, a current ratio of 2.15 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $589.53, a price-to-earnings ratio of -10.05 and a beta of 4.87. Verso has a 12-month low of $3.17 and a 12-month high of $17.80.

Large investors have recently modified their holdings of the stock. Voya Investment Management LLC bought a new position in Verso in the second quarter worth approximately $104,000. Wells Fargo & Company MN bought a new position in Verso in the third quarter worth approximately $130,000. Rhumbline Advisers bought a new position in Verso in the second quarter worth approximately $166,000. Schwab Charles Investment Management Inc. bought a new position in Verso in the second quarter worth approximately $275,000. Finally, California State Teachers Retirement System bought a new position in Verso in the second quarter worth approximately $280,000. 53.22% of the stock is owned by institutional investors.

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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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