Verso (VRS) Stock Rating Lowered by ValuEngine
Verso (NYSE:VRS) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Friday.
Other equities analysts also recently issued reports about the company. BWS Financial lifted their target price on Verso from $32.00 to $40.00 and gave the company a “strong-buy” rating in a research note on Wednesday, August 8th. B. Riley set a $26.00 target price on Verso and gave the company a “buy” rating in a research note on Monday, July 9th. Finally, Zacks Investment Research upgraded Verso from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Saturday, June 30th.
NYSE:VRS opened at $29.56 on Friday. The stock has a market capitalization of $1.16 billion, a P/E ratio of -39.41 and a beta of 1.80. Verso has a one year low of $5.69 and a one year high of $34.60. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.78 and a quick ratio of 0.69.
A number of hedge funds have recently modified their holdings of the business. State Board of Administration of Florida Retirement System boosted its stake in Verso by 21.0% in the second quarter. State Board of Administration of Florida Retirement System now owns 15,860 shares of the basic materials company’s stock valued at $345,000 after acquiring an additional 2,750 shares during the period. Macquarie Group Ltd. boosted its stake in Verso by 7.0% in the second quarter. Macquarie Group Ltd. now owns 42,600 shares of the basic materials company’s stock valued at $927,000 after acquiring an additional 2,800 shares during the period. Nisa Investment Advisors LLC acquired a new position in Verso in the second quarter valued at approximately $118,000. Northern Trust Corp boosted its stake in Verso by 1.5% in the first quarter. Northern Trust Corp now owns 361,529 shares of the basic materials company’s stock valued at $6,088,000 after acquiring an additional 5,440 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Verso during the second quarter worth approximately $125,000. Institutional investors own 86.21% 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, inkjet and digital, supercalendered, and uncoated freesheet papers; and northern bleached hardwood Kraft pulp to manufacture printing, writing, and specialty paper grades, as well as to manufacture tissue products.
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