Verso Corp (NYSE:VRS) has received 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 rating. Verso’s rating score has improved by 50% in the last 90 days as a result of various analysts’ upgrades and downgrades.
Brokers have set a 12 month consensus target price of $37.00 for the company and are expecting that the company will post $1.09 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Verso an industry rank of 103 out of 255 based on the ratings given to related companies.
A number of equities research analysts recently issued reports on the stock. ValuEngine raised shares of Verso from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. B. Riley raised shares of Verso from a “neutral” rating to a “buy” rating and upped their price objective for the company from $16.00 to $24.00 in a report on Wednesday, November 13th. Finally, Zacks Investment Research raised shares of Verso from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Saturday, October 5th.
Shares of VRS traded up $0.05 during mid-day trading on Monday, reaching $18.93. The stock had a trading volume of 364,574 shares, compared to its average volume of 313,637. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.04 and a quick ratio of 0.63. Verso has a 52-week low of $9.61 and a 52-week high of $26.26. The business’s fifty day moving average is $13.89 and its 200 day moving average is $15.60. The firm has a market cap of $662.58 million, a price-to-earnings ratio of 5.12 and a beta of 2.03.
Verso (NYSE:VRS) last announced its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $1.02. Verso had a net margin of 1.57% and a return on equity of 15.45%. The firm had revenue of $616.00 million during the quarter, compared to analyst estimates of $629.70 million. As a group, sell-side analysts anticipate that Verso will post 0.94 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Aperio Group LLC purchased a new position in Verso during the second quarter worth about $603,000. DekaBank Deutsche Girozentrale purchased a new position in Verso during the second quarter worth about $65,000. Nuveen Asset Management LLC boosted its stake in Verso by 3,665.5% during the second quarter. Nuveen Asset Management LLC now owns 455,584 shares of the basic materials company’s stock worth $8,679,000 after buying an additional 443,485 shares during the period. UBS Asset Management Americas Inc. boosted its stake in Verso by 97.3% during the second quarter. UBS Asset Management Americas Inc. now owns 26,683 shares of the basic materials company’s stock worth $508,000 after buying an additional 13,159 shares during the period. Finally, Macquarie Group Ltd. boosted its stake in Verso by 241.0% during the second quarter. Macquarie Group Ltd. now owns 10,413 shares of the basic materials company’s stock worth $198,000 after buying an additional 7,359 shares during the period. 88.18% of the stock is owned by hedge funds and other institutional investors.
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, packaging, inkjet and digital, supercalendered, and uncoated freesheet papers; and bleached and unbleached market kraft pulp to manufacture printing, writing, and tissue products.
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