Verso (NYSE:VRS) had its price target raised by equities research analysts at B. Riley from $45.00 to $47.00 in a research note issued on Thursday, Marketbeat.com reports. The firm presently has a “buy” rating on the basic materials company’s stock. B. Riley’s target price indicates a potential upside of 71.85% from the company’s previous close. B. Riley also issued estimates for Verso’s FY2019 earnings at $4.95 EPS.
VRS has been the topic of several other research reports. BWS Financial lifted their price target on shares of Verso from $32.00 to $40.00 and gave the company a “strong-buy” rating in a report on Wednesday, August 8th. ValuEngine cut shares of Verso from a “buy” rating to a “hold” rating in a report on Friday, October 12th. Finally, Zacks Investment Research cut shares of Verso from a “buy” rating to a “hold” rating in a report on Sunday, July 15th.
NYSE:VRS opened at $27.35 on Thursday. The firm has a market capitalization of $1.08 billion, a P/E ratio of -36.47 and a beta of 2.23. Verso has a twelve month low of $7.00 and a twelve month 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.
Verso (NYSE:VRS) last released its quarterly earnings results on Wednesday, November 7th. The basic materials company reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.10). The company had revenue of $704.00 million during the quarter, compared to the consensus estimate of $714.15 million. Verso had a net margin of 4.61% and a return on equity of 20.27%. As a group, analysts predict that Verso will post 3.09 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in VRS. Nisa Investment Advisors LLC bought a new stake in shares of Verso during the 2nd quarter valued at $118,000. SG Americas Securities LLC bought a new stake in shares of Verso during the 2nd quarter valued at $125,000. Oppenheimer & Co. Inc. bought a new stake in shares of Verso during the 3rd quarter valued at $261,000. Clear Harbor Asset Management LLC bought a new stake in shares of Verso during the 3rd quarter valued at $237,000. Finally, Capital Fund Management S.A. bought a new stake in shares of Verso during the 2nd quarter valued at $244,000. Institutional investors and hedge funds own 88.07% of the company’s stock.
Verso Company Profile
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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