Verso Corporation (VRS) Price Target Raised to $20.00 at BWS Financial
Verso Corporation (NYSE:VRS) had its price objective raised by BWS Financial from $15.00 to $20.00 in a research note issued to investors on Friday morning. They currently have a strong-buy rating on the basic materials company’s stock.
A number of other equities research analysts have also recently issued reports on VRS. Zacks Investment Research raised shares of Verso Corporation from a sell rating to a hold rating in a report on Tuesday, July 25th. B. Riley reissued a buy rating and set a $11.25 target price on shares of Verso Corporation in a report on Monday, August 7th. Finally, ValuEngine raised shares of Verso Corporation from a strong sell rating to a sell rating in a report on Friday, September 1st.
Shares of Verso Corporation (VRS) traded up $0.36 during mid-day trading on Friday, reaching $9.40. 1,014,616 shares of the company’s stock were exchanged, compared to its average volume of 253,602. The company has a current ratio of 2.41, a quick ratio of 0.84 and a debt-to-equity ratio of 0.40. Verso Corporation has a 1-year low of $3.17 and a 1-year high of $9.74.
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Hedge funds have recently modified their holdings of the business. Voya Investment Management LLC bought a new position in shares of Verso Corporation in the second quarter worth $104,000. California Public Employees Retirement System bought a new position in shares of Verso Corporation in the first quarter worth $145,000. Wells Fargo & Company MN bought a new position in shares of Verso Corporation in the third quarter worth $130,000. KCG Holdings Inc. bought a new position in shares of Verso Corporation in the first quarter worth $170,000. Finally, Rhumbline Advisers bought a new position in shares of Verso Corporation in the second quarter worth $166,000. 52.50% of the stock is currently owned by institutional investors and hedge funds.
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.
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