Verso (NYSE:VRS) had its target price raised by BWS Financial to $30.00 in a research note issued to investors on Friday morning, The Fly reports. They currently have a buy rating on the basic materials company’s stock.
A number of other brokerages have also recently issued reports on VRS. B. Riley set a $24.00 price target on shares of Verso and gave the stock a buy rating in a research note on Friday. Zacks Investment Research cut shares of Verso from a buy rating to a hold rating in a research note on Thursday, November 23rd. Finally, ValuEngine upgraded shares of Verso from a sell rating to a hold rating in a research note on Friday, February 2nd.
Shares of Verso (VRS) opened at $17.57 on Friday. Verso has a fifty-two week low of $3.17 and a fifty-two week high of $19.32. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 2.15.
Large investors have recently modified their holdings of the business. Metropolitan Life Insurance Co. NY purchased a new position in Verso in the 4th quarter worth about $171,000. Stone Ridge Asset Management LLC purchased a new position in Verso in the 4th quarter worth about $242,000. MetLife Investment Advisors LLC purchased a new position in Verso in the 4th quarter worth about $295,000. Ellington Management Group LLC purchased a new position in Verso in the 4th quarter worth about $367,000. Finally, Voya Investment Management LLC purchased a new position in Verso in the 2nd quarter worth about $104,000. 82.22% of the stock is owned by institutional investors and hedge funds.
Verso Company Profile
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.
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