Verso (VRS) PT Raised to $30.00
Verso (NYSE:VRS) had its price objective lifted by equities research analysts at BWS Financial to $30.00 in a report issued on Friday, The Fly reports. The brokerage currently has a “buy” rating on the basic materials company’s stock. BWS Financial’s price objective indicates a potential upside of 70.75% from the company’s current price.
Other equities analysts have also issued reports about the company. B. Riley set a $24.00 target price on Verso and gave the company a “buy” rating in a research note on Friday. Zacks Investment Research lowered Verso from a “buy” rating to a “hold” rating in a research note on Thursday, November 23rd. Finally, ValuEngine upgraded Verso from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd.
Verso (NYSE VRS) opened at $17.57 on Friday. The company has a market capitalization of $600.90, a price-to-earnings ratio of -10.46 and a beta of 1.12. Verso has a 12 month low of $3.17 and a 12 month high of $19.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.15 and a quick ratio of 0.80.
A number of large investors have recently made changes to their positions in VRS. Voya Investment Management LLC acquired a new stake in Verso during the second quarter worth about $104,000. Wells Fargo & Company MN acquired a new stake in Verso during the third quarter worth about $130,000. Metropolitan Life Insurance Co. NY acquired a new stake in Verso during the fourth quarter worth about $171,000. Rhumbline Advisers increased its stake in Verso by 33.2% during the third quarter. Rhumbline Advisers now owns 47,259 shares of the basic materials company’s stock worth $241,000 after acquiring an additional 11,790 shares during the last quarter. Finally, Stone Ridge Asset Management LLC acquired a new stake in Verso during the fourth quarter worth about $242,000. Institutional investors own 82.22% of the company’s stock.
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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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