Brokerages Expect Verso Corp (NYSE:VRS) to Post ($0.15) Earnings Per Share

Shares of Verso Corp (NYSE:VRS) have received an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.

Brokerages have set a twelve-month consensus target price of $33.75 for the company and are predicting that the company will post ($0.15) EPS for the current quarter, according to Zacks. Zacks has also given Verso an industry rank of 240 out of 256 based on the ratings given to its competitors.

Several research analysts recently issued reports on the company. ValuEngine downgraded Verso from a “hold” rating to a “sell” rating in a research report on Thursday, May 23rd. Zacks Investment Research lowered shares of Verso from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, B. Riley decreased their target price on shares of Verso from $26.00 to $17.50 and set a “neutral” rating for the company in a research report on Tuesday, August 6th.

VRS traded down $0.25 during trading on Wednesday, reaching $10.98. The company had a trading volume of 15,039 shares, compared to its average volume of 306,198. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.07 and a quick ratio of 0.69. Verso has a 12 month low of $10.88 and a 12 month high of $34.60. The business’s fifty day moving average price is $16.30 and its 200 day moving average price is $19.86. The company has a market cap of $392.38 million, a P/E ratio of 2.97 and a beta of 1.74.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Systematic Financial Management LP increased its stake in shares of Verso by 1.7% during the 2nd quarter. Systematic Financial Management LP now owns 52,825 shares of the basic materials company’s stock worth $1,006,000 after purchasing an additional 900 shares during the last quarter. Donald Smith & CO. Inc. increased its position in Verso by 0.5% in the 2nd quarter. Donald Smith & CO. Inc. now owns 226,936 shares of the basic materials company’s stock valued at $4,323,000 after acquiring an additional 1,085 shares in the last quarter. Legal & General Group Plc increased its position in 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 acquiring an additional 1,272 shares in the last quarter. Swiss National Bank increased its position in Verso by 2.1% in the 2nd quarter. Swiss National Bank now owns 64,300 shares of the basic materials company’s stock valued at $1,225,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Tower Research Capital LLC TRC acquired a new stake in Verso in the 2nd quarter valued at about $28,000. Institutional investors own 93.51% of the company’s stock.

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.

Recommended Story: Ex-Dividend

Get a free copy of the Zacks research report on Verso (VRS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.