ValuEngine cut shares of Verso (NYSE:VRS) from a hold rating to a sell rating in a research report report published on Thursday morning, ValuEngine reports.

A number of other brokerages have also commented on VRS. B. Riley reiterated a buy rating and issued a $47.00 price objective on shares of Verso in a report on Tuesday, February 26th. Zacks Investment Research upgraded shares of Verso from a strong sell rating to a strong-buy rating and set a $26.00 price objective on the stock in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $34.00.

NYSE:VRS opened at $17.81 on Thursday. The company has a current ratio of 2.21, a quick ratio of 0.69 and a debt-to-equity ratio of 0.05. The firm has a market cap of $664.16 million, a P/E ratio of 4.81 and a beta of 1.52. Verso has a twelve month low of $17.70 and a twelve month high of $34.60.

Verso (NYSE:VRS) last posted its earnings results on Wednesday, May 8th. The basic materials company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.68. The business had revenue of $639.00 million for the quarter, compared to analyst estimates of $632.26 million. Verso had a net margin of 7.79% and a return on equity of 19.09%. Sell-side analysts forecast that Verso will post 2.85 EPS for the current year.

A number of hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in Verso by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,896,019 shares of the basic materials company’s stock worth $62,032,000 after buying an additional 85,258 shares in the last quarter. BlackRock Inc. lifted its holdings in Verso by 4.0% in the 4th quarter. BlackRock Inc. now owns 2,479,190 shares of the basic materials company’s stock worth $55,534,000 after buying an additional 95,329 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Verso by 14.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,935,445 shares of the basic materials company’s stock worth $65,167,000 after buying an additional 239,784 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Verso by 17.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,418,410 shares of the basic materials company’s stock worth $47,759,000 after buying an additional 211,933 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in Verso by 8.1% in the 4th quarter. Acadian Asset Management LLC now owns 1,291,529 shares of the basic materials company’s stock worth $28,930,000 after buying an additional 97,299 shares in the last quarter. Hedge funds and other institutional investors own 93.29% 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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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