Verso Corporation (VRS) Lifted to “Sell” at ValuEngine
ValuEngine upgraded shares of Verso Corporation (NYSE:VRS) from a strong sell rating to a sell rating in a research note issued to investors on Friday.
VRS has been the subject of a number of other research reports. Zacks Investment Research upgraded Verso Corporation from a sell rating to a hold rating in a research report on Tuesday, July 25th. B. Riley reiterated a buy rating and issued a $11.25 price objective on shares of Verso Corporation in a research report on Sunday, August 13th.
Verso Corporation (NYSE:VRS) opened at 5.38 on Friday. Verso Corporation has a 12 month low of $3.17 and a 12 month high of $8.43. The firm has a market capitalization of $185.37 million, a price-to-earnings ratio of 3.02 and a beta of 1.36. The firm has a 50 day moving average price of $4.63 and a 200-day moving average price of $5.26.
Verso Corporation (NYSE:VRS) last announced its quarterly earnings data on Wednesday, August 9th. The basic materials company reported ($1.42) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.03) by $0.39. Verso Corporation had a return on equity of 168.52% and a net margin of 47.46%. The firm had revenue of $585 million during the quarter, compared to the consensus estimate of $579.52 million. On average, equities analysts forecast that Verso Corporation will post ($1.37) EPS for the current year.
Institutional investors have recently bought and sold shares of the stock. Voya Investment Management LLC bought a new position in shares of Verso Corporation during the 2nd quarter worth approximately $104,000. California Public Employees Retirement System bought a new position in shares of Verso Corporation during the 1st quarter worth approximately $145,000. BlueCrest Capital Management Ltd bought a new position in shares of Verso Corporation during the 1st quarter worth approximately $147,000. KCG Holdings Inc. bought a new position in shares of Verso Corporation during the 1st quarter worth approximately $170,000. Finally, Oxford Asset Management bought a new position in shares of Verso Corporation during the 1st quarter worth approximately $185,000. Institutional investors and hedge funds own 55.40% of the company’s stock.
About Verso Corporation
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.
Receive News & Stock Ratings for Verso Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verso Corporation and related stocks with our FREE daily email newsletter.