Shares of Verso Corp (NYSE:VRS) have earned 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 equities research analysts have rated the stock with a strong buy rating.
Brokerages have set a one year consensus price objective of $41.00 for the company and are anticipating that the company will post $0.16 EPS for the current quarter, according to Zacks. Zacks has also given Verso an industry rank of 218 out of 255 based on the ratings given to related companies.
Several brokerages have recently weighed in on VRS. Zacks Investment Research lowered shares of Verso from a “strong-buy” rating to a “hold” rating in a report on Saturday, January 12th. TheStreet lowered shares of Verso from a “b-” rating to a “c” rating in a report on Tuesday, January 22nd. ValuEngine upgraded shares of Verso from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, B. Riley reiterated a “buy” rating and set a $47.00 price objective on shares of Verso in a report on Tuesday, February 26th.
Shares of VRS stock opened at $19.60 on Friday. The stock has a market cap of $675.89 million, a PE ratio of 5.31 and a beta of 1.56. Verso has a 1-year low of $15.21 and a 1-year high of $34.60.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Virginia Retirement Systems ET AL acquired a new stake in Verso during the 3rd quarter worth approximately $455,000. Acadian Asset Management LLC increased its position in Verso by 8.1% during the 4th quarter. Acadian Asset Management LLC now owns 1,291,529 shares of the basic materials company’s stock worth $28,930,000 after purchasing an additional 97,299 shares in the last quarter. Panagora Asset Management Inc. increased its position in Verso by 49.6% during the 3rd quarter. Panagora Asset Management Inc. now owns 353,319 shares of the basic materials company’s stock worth $11,896,000 after purchasing an additional 117,156 shares in the last quarter. Stone Ridge Asset Management LLC increased its position in Verso by 47.9% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 29,104 shares of the basic materials company’s stock worth $980,000 after purchasing an additional 9,431 shares in the last quarter. Finally, Morgan Stanley increased its position in Verso by 235.8% during the 3rd quarter. Morgan Stanley now owns 490,742 shares of the basic materials company’s stock worth $16,522,000 after purchasing an additional 344,613 shares in the last quarter. 92.45% of the stock is owned by hedge funds and other institutional investors.
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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