Verso (VRS) Downgraded by B. Riley to “Neutral”

B. Riley lowered shares of Verso (NYSE:VRS) from a buy rating to a neutral rating in a research note released on Friday morning, Briefing.com Automated Import reports. The brokerage currently has $26.00 target price on the basic materials company’s stock, down from their previous target price of $32.00. B. Riley also issued estimates for Verso’s Q2 2019 earnings at $0.18 EPS, Q3 2019 earnings at $1.61 EPS, Q4 2019 earnings at $1.34 EPS and FY2020 earnings at $3.43 EPS.

VRS has been the subject of several other research reports. TheStreet lowered shares of Verso from a b- rating to a c rating in a research report on Tuesday, January 22nd. Zacks Investment Research lowered shares of Verso from a hold rating to a strong sell rating in a research report on Wednesday, March 6th. Finally, ValuEngine raised shares of Verso from a sell rating to a hold rating in a research report on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Verso has an average rating of Hold and a consensus target price of $33.33.

NYSE VRS opened at $21.84 on Friday. Verso has a 52 week low of $16.63 and a 52 week high of $34.60. The stock has a market cap of $736.49 million, a PE ratio of 5.90 and a beta of 1.57.



Verso (NYSE:VRS) last released its quarterly earnings results on Friday, March 1st. The basic materials company reported $1.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.71 by $0.11. Verso had a net margin of 6.38% and a return on equity of 15.94%. The firm had revenue of $695.00 million during the quarter, compared to analyst estimates of $712.83 million. As a group, sell-side analysts expect that Verso will post 3.86 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VRS. Prudential Financial Inc. bought a new position in shares of Verso during the 3rd quarter valued at approximately $1,464,000. Dimensional Fund Advisors LP grew its stake in shares of Verso by 23.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,478,048 shares of the basic materials company’s stock valued at $83,434,000 after acquiring an additional 469,946 shares during the period. AMP Capital Investors Ltd bought a new position in shares of Verso during the 3rd quarter valued at approximately $362,000. United Services Automobile Association bought a new position in shares of Verso during the 3rd quarter valued at approximately $2,642,000. Finally, Allianz Asset Management GmbH grew its stake in shares of Verso by 142.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 190,943 shares of the basic materials company’s stock valued at $6,429,000 after acquiring an additional 112,105 shares during the period. 92.77% 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.

Further Reading: What is a Buy-Side Analyst?

Receive News & Ratings for Verso Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verso and related companies with MarketBeat.com's FREE daily email newsletter.