Verso Corp (NYSE:VRS) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.
Brokerages have set a one year consensus target price of $42.50 for the company and are anticipating that the company will post $1.73 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Verso an industry rank of 61 out of 255 based on the ratings given to its competitors.
A number of research firms have recently weighed in on VRS. Zacks Investment Research raised Verso from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Saturday, June 30th. B. Riley set a $26.00 price objective on Verso and gave the stock a “buy” rating in a research report on Monday, July 9th. ValuEngine lowered Verso from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. Finally, BWS Financial boosted their target price on shares of Verso from $32.00 to $40.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, August 8th.
Shares of Verso stock traded down $0.38 during trading hours on Friday, reaching $30.27. 273,700 shares of the company were exchanged, compared to its average volume of 427,771. Verso has a 1 year low of $5.78 and a 1 year high of $34.60. The company has a current ratio of 1.78, a quick ratio of 0.69 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $1.16 billion, a P/E ratio of -40.55 and a beta of 1.80.
Verso (NYSE:VRS) last posted its quarterly earnings data on Tuesday, August 7th. The basic materials company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Verso had a return on equity of 8.36% and a net margin of 1.53%. The business had revenue of $644.00 million for the quarter, compared to analyst estimates of $632.42 million. Sell-side analysts predict that Verso will post 3.09 earnings per share for the current year.
Several hedge funds have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System grew its stake in shares of Verso by 21.0% during the second quarter. State Board of Administration of Florida Retirement System now owns 15,860 shares of the basic materials company’s stock worth $345,000 after purchasing an additional 2,750 shares in the last quarter. Macquarie Group Ltd. grew its stake in shares of Verso by 7.0% during the second quarter. Macquarie Group Ltd. now owns 42,600 shares of the basic materials company’s stock worth $927,000 after purchasing an additional 2,800 shares in the last quarter. Nisa Investment Advisors LLC acquired a new position in shares of Verso during the second quarter worth $118,000. Northern Trust Corp grew its stake in shares of Verso by 1.5% during the first quarter. Northern Trust Corp now owns 361,529 shares of the basic materials company’s stock worth $6,088,000 after purchasing an additional 5,440 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Verso during the second quarter worth $125,000. Hedge funds and other institutional investors own 86.21% of the company’s stock.
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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