Verso Corporation (VRS) PT Set at $11.00 by B. Riley
Verso Corporation (NYSE:VRS) received a $11.00 price target from research analysts at B. Riley in a report released on Wednesday. The brokerage presently has a “buy” rating on the basic materials company’s stock. B. Riley’s price objective would indicate a potential upside of 39.95% from the stock’s previous close. B. Riley also issued estimates for Verso Corporation’s Q1 2018 earnings at ($0.12) EPS, Q2 2018 earnings at ($0.52) EPS, Q3 2018 earnings at $0.07 EPS and Q4 2018 earnings at $0.23 EPS.
A number of other analysts also recently commented on VRS. Zacks Investment Research downgraded Verso Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. ValuEngine upgraded Verso Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Finally, BWS Financial upgraded Verso Corporation from a “buy” rating to a “strong-buy” rating and set a $15.00 price objective for the company in a research report on Wednesday, October 18th.
Shares of Verso Corporation (VRS) opened at $7.86 on Wednesday. Verso Corporation has a 52 week low of $3.17 and a 52 week high of $8.43. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.41 and a quick ratio of 0.84.
Verso Corporation (NYSE:VRS) last announced its earnings results on Tuesday, November 14th. The basic materials company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.19). Verso Corporation had a net margin of 47.46% and a return on equity of 168.52%. The business had revenue of $621.00 million for the quarter, compared to the consensus estimate of $632.69 million. During the same quarter in the previous year, the company earned ($1.16) EPS. Verso Corporation’s revenue for the quarter was up 7.4% compared to the same quarter last year. equities research analysts anticipate that Verso Corporation will post -1.25 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in the business. Donald Smith & CO. Inc. lifted its position in shares of Verso Corporation by 34.2% in the 2nd quarter. Donald Smith & CO. Inc. now owns 2,061,732 shares of the basic materials company’s stock worth $9,670,000 after acquiring an additional 524,849 shares during the period. Vanguard Group Inc. lifted its position in shares of Verso Corporation by 4.9% in the 2nd quarter. Vanguard Group Inc. now owns 1,265,919 shares of the basic materials company’s stock worth $5,937,000 after acquiring an additional 58,642 shares during the period. Aegis Financial Corp lifted its position in shares of Verso Corporation by 9.9% in the 2nd quarter. Aegis Financial Corp now owns 723,389 shares of the basic materials company’s stock worth $3,393,000 after acquiring an additional 65,432 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Verso Corporation by 88.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 415,309 shares of the basic materials company’s stock worth $2,114,000 after acquiring an additional 194,634 shares during the period. Finally, B. Riley Financial Inc. bought a new stake in shares of Verso Corporation in the 2nd quarter worth approximately $1,853,000. Institutional investors own 52.50% of the company’s stock.
Verso Corporation 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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