Analysts Set $38.00 Target Price for Verso Corp (VRS)

Verso Corp (NYSE:VRS) has earned an average broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company. Verso’s rating score has declined by 100% in the last three months as a result of various analysts’ upgrades and downgrades.

Brokerages have set a 12 month consensus price target of $38.00 for the company and are predicting that the company will post $0.35 EPS for the current quarter, according to Zacks. Zacks has also given Verso an industry rank of 201 out of 255 based on the ratings given to its competitors.

A number of brokerages recently weighed in on VRS. B. Riley downgraded Verso from a “buy” rating to a “neutral” rating and cut their price objective for the company from $32.00 to $26.00 in a research note on Friday, April 12th. ValuEngine raised Verso from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Zacks Investment Research lowered Verso from a “strong-buy” rating to a “hold” rating in a research note on Saturday, January 12th. Finally, TheStreet lowered Verso from a “b-” rating to a “c” rating in a research note on Tuesday, January 22nd.

NYSE VRS traded down $0.18 during trading on Tuesday, reaching $21.71. 254,176 shares of the company’s stock were exchanged, compared to its average volume of 293,336. Verso has a fifty-two week low of $17.38 and a fifty-two week high of $34.60. The firm has a market capitalization of $748.65 million, a PE ratio of 5.87 and a beta of 1.57.

Verso (NYSE:VRS) last announced its quarterly earnings data on Friday, March 1st. The basic materials company reported $1.82 EPS for the quarter, topping the Zacks’ consensus estimate of $1.71 by $0.11. Verso had a return on equity of 15.94% and a net margin of 6.38%. The firm had revenue of $695.00 million during the quarter, compared to analyst estimates of $712.83 million. On average, equities research analysts forecast that Verso will post 3.96 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of VRS. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Verso by 53.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,106 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 737 shares during the period. Legal & General Group Plc boosted its holdings in shares of Verso by 24.3% in the 4th quarter. Legal & General Group Plc now owns 6,504 shares of the basic materials company’s stock valued at $145,000 after purchasing an additional 1,272 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of Verso by 191.8% in the 4th quarter. Meeder Asset Management Inc. now owns 2,197 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 1,444 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in shares of Verso by 3.8% in the 4th quarter. Squarepoint Ops LLC now owns 57,720 shares of the basic materials company’s stock valued at $1,293,000 after purchasing an additional 2,094 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC acquired a new stake in shares of Verso in the 3rd quarter valued at $71,000. 92.73% 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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