Verso Corp (VRS) Rating Lowered to Sell at Zacks Investment Research
According to Zacks, “Verso Corporation is engaged in the paper industry. The Company produces coated freesheet, coated ground wood and uncoated super calendered papers and pulp. It serves to magazine and catalog publishers, commercial printers, specialty retail merchandisers and paper merchants. The company operates primarily in Kentucky, Maine, Maryland, Michigan, Minnesota and Wisconsin. Verso Corporation is based in Memphis, United States. “
Separately, BWS Financial assumed coverage on shares of Verso Corp in a research report on Wednesday, July 27th. They set a “buy” rating and a $25.00 price target on the stock.
Verso Corp (NYSE:VRS) opened at 5.47 on Tuesday. The stock has a 50 day moving average of $5.78 and a 200 day moving average of $7.29. Verso Corp has a one year low of $4.37 and a one year high of $12.00. The firm has a market cap of $188.11 million and a PE ratio of 0.39.
In other Verso Corp news, CFO Allen James Campbell purchased 15,000 shares of Verso Corp stock in a transaction on Monday, August 29th. The shares were purchased at an average cost of $6.09 per share, with a total value of $91,350.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Verso Corp 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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