Verso (VRS) Upgraded at ValuEngine

ValuEngine upgraded shares of Verso (NYSE:VRS) from a sell rating to a hold rating in a report issued on Sunday.

Other research analysts have also issued research reports about the stock. B. Riley upped their price target on shares of Verso from $11.25 to $20.00 and gave the company a buy rating in a research note on Wednesday, December 20th. Zacks Investment Research downgraded shares of Verso from a buy rating to a hold rating in a report on Thursday, November 23rd. Finally, BWS Financial boosted their price objective on shares of Verso from $15.00 to $20.00 and gave the company a strong-buy rating in a report on Friday, November 17th.

Verso (NYSE:VRS) opened at $17.11 on Friday. Verso has a 52 week low of $3.17 and a 52 week high of $17.80. The company has a market cap of $605.37, a PE ratio of -10.18 and a beta of 4.87. The company has a quick ratio of 0.80, a current ratio of 2.15 and a debt-to-equity ratio of 0.35.

A number of hedge funds and other institutional investors have recently bought and sold shares of VRS. Voya Investment Management LLC bought a new stake in Verso in the 2nd quarter valued at about $104,000. Wells Fargo & Company MN bought a new stake in Verso in the 3rd quarter valued at about $130,000. California Public Employees Retirement System bought a new stake in Verso in the 1st quarter valued at about $145,000. Rhumbline Advisers bought a new stake in Verso in the 2nd quarter valued at about $166,000. Finally, Schwab Charles Investment Management Inc. bought a new stake in Verso in the 2nd quarter valued at about $275,000. 53.22% of the stock is owned by hedge funds and other institutional investors.

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About Verso

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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