Shares of Verso Co. (NYSE:VRS) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.

Brokerages have set a one year consensus price target of $20.00 for the company and are anticipating that the company will post $0.75 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Verso an industry rank of 72 out of 265 based on the ratings given to its competitors.

Several equities research analysts have recently issued reports on VRS shares. Zacks Investment Research raised Verso from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. BWS Financial upgraded shares of Verso from a “buy” rating to a “strong-buy” rating and set a $15.00 target price for the company in a research note on Wednesday, October 18th. B. Riley reiterated a “buy” rating and issued a $11.25 target price on shares of Verso in a research note on Thursday, November 9th. Finally, ValuEngine upgraded shares of Verso from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st.

Shares of Verso (NYSE:VRS) traded down $0.66 during trading hours on Monday, hitting $14.46. The stock had a trading volume of 476,538 shares, compared to its average volume of 529,397. The firm has a market capitalization of $520.96, a P/E ratio of -8.61 and a beta of 2.02. Verso has a 12 month low of $3.17 and a 12 month high of $18.12. The company has a current ratio of 2.15, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35.

Verso (NYSE:VRS) last issued its quarterly earnings results on Tuesday, November 14th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.15). The business had revenue of $621.00 million during the quarter, compared to analyst estimates of $632.65 million. Verso had a negative net margin of 2.35% and a negative return on equity of 6.58%. research analysts predict that Verso will post -1.17 EPS for the current fiscal year.

In related news, major shareholder Mudrick Capital Management, L. sold 50,000 shares of the stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $16.43, for a total value of $821,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders sold 1,286,595 shares of company stock valued at $21,508,948. 4.20% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its stake in Verso by 211.0% during the second quarter. Bank of New York Mellon Corp now owns 165,487 shares of the basic materials company’s stock worth $777,000 after purchasing an additional 112,269 shares during the period. Acadian Asset Management LLC bought a new position in Verso during the fourth quarter worth about $8,377,000. Northern Trust Corp lifted its stake in Verso by 545.5% during the second quarter. Northern Trust Corp now owns 347,240 shares of the basic materials company’s stock worth $1,628,000 after purchasing an additional 293,450 shares during the period. Schwab Charles Investment Management Inc. bought a new position in Verso during the second quarter worth about $275,000. Finally, Teachers Advisors LLC bought a new position in Verso during the second quarter worth about $297,000. Hedge funds and other institutional investors own 55.85% 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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