Verso Corporation (NYSE:VRS) was upgraded by BWS Financial from a “buy” rating to a “strong-buy” rating in a report issued on Wednesday, October 18th, MarketBeat.com reports. The firm presently has a $15.00 target price on the basic materials company’s stock. BWS Financial’s target price would indicate a potential upside of 110.08% from the company’s current price. BWS Financial also issued estimates for Verso Corporation’s Q3 2017 earnings at $0.90 EPS.
A number of other research firms have also recently weighed in on VRS. ValuEngine upgraded shares of Verso Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. B. Riley restated a “buy” rating and set a $11.25 price target on shares of Verso Corporation in a research note on Monday, August 7th. Finally, Zacks Investment Research upgraded shares of Verso Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th.
Shares of Verso Corporation (NYSE VRS) remained flat at $7.14 during trading on Wednesday. The company’s stock had a trading volume of 284,206 shares. The stock has a market cap of $246.01 million, a PE ratio of 4.01 and a beta of 1.28. Verso Corporation has a 1-year low of $4.37 and a 1-year high of $8.43. The stock’s 50-day moving average price is $5.69 and its 200 day moving average price is $5.69.
Verso Corporation (NYSE:VRS) last issued its quarterly earnings data on Wednesday, August 9th. The basic materials company reported ($1.42) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.03) by ($0.39). The firm had revenue of $585.00 million during the quarter, compared to the consensus estimate of $579.52 million. Verso Corporation had a return on equity of 168.52% and a net margin of 47.46%. On average, equities analysts anticipate that Verso Corporation will post ($1.25) earnings per share for the current year.
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A number of institutional investors have recently bought and sold shares of the stock. Strs Ohio increased its holdings in Verso Corporation by 25.6% during the 3rd quarter. Strs Ohio now owns 112,000 shares of the basic materials company’s stock worth $570,000 after acquiring an additional 22,800 shares during the period. California State Teachers Retirement System bought a new stake in Verso Corporation during the 2nd quarter worth approximately $280,000. State Street Corp increased its holdings in Verso Corporation by 1,555.5% during the 2nd quarter. State Street Corp now owns 355,940 shares of the basic materials company’s stock worth $1,671,000 after acquiring an additional 334,440 shares during the period. Voya Investment Management LLC bought a new position in shares of Verso Corporation in the 2nd quarter worth $104,000. Finally, Donald Smith & CO. Inc. increased its holdings in shares of Verso Corporation by 34.2% in the 2nd quarter. Donald Smith & CO. Inc. now owns 2,061,732 shares of the basic materials company’s stock worth $9,670,000 after buying an additional 524,849 shares during the last quarter. 53.56% of the stock is currently owned by institutional investors and hedge funds.
Verso Corporation 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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