Analysts Set $27.00 Target Price for Verso Co. (VRS)

Verso Co. (NYSE:VRS) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.

Brokerages have set a 1-year consensus price objective of $27.00 for the company and are predicting that the company will post $0.61 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Verso an industry rank of 48 out of 265 based on the ratings given to its competitors.

Several equities analysts have recently weighed in on VRS shares. Zacks Investment Research raised Verso from a “hold” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a research report on Sunday, January 21st. B. Riley boosted their target price on Verso from $11.25 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, December 20th. ValuEngine raised Verso from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, BWS Financial set a $20.00 target price on Verso and gave the company a “buy” rating in a research report on Thursday, January 18th.



In other Verso news, major shareholder Mudrick Capital Management, L. sold 347,573 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $17.35, for a total value of $6,030,391.55. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 657,573 shares of company stock worth $11,341,892 in the last ninety days. 4.20% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN bought a new position in Verso in the 3rd quarter valued at $130,000. Metropolitan Life Insurance Co. NY purchased a new stake in shares of Verso in the 4th quarter worth $171,000. Rhumbline Advisers lifted its holdings in shares of Verso by 33.2% in the 3rd quarter. Rhumbline Advisers now owns 47,259 shares of the basic materials company’s stock worth $241,000 after buying an additional 11,790 shares during the period. Stone Ridge Asset Management LLC purchased a new stake in shares of Verso in the 4th quarter worth $242,000. Finally, California State Teachers Retirement System purchased a new stake in shares of Verso in the 2nd quarter worth $280,000. 82.22% of the stock is currently owned by institutional investors.

Shares of NYSE VRS traded up $0.16 during trading hours on Thursday, hitting $17.15. 30,257 shares of the company traded hands, compared to its average volume of 536,239. The company has a market cap of $576.09, a P/E ratio of -22.85 and a beta of 1.35. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.63 and a current ratio of 2.15. Verso has a 12 month low of $3.17 and a 12 month high of $19.32.

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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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