Verso Corp (VRS) Receives Consensus Rating of “Buy” from Brokerages
Shares of Verso Corp (NYSE:VRS) have been assigned a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. Verso’s rating score has declined by 100% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 12-month consensus price target of $38.00 for the company and are anticipating that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also assigned Verso an industry rank of 227 out of 256 based on the ratings given to its competitors.
A number of brokerages recently commented on VRS. B. Riley cut shares of Verso from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $32.00 to $26.00 in a research report on Friday, April 12th. TheStreet cut shares of Verso from a “b-” rating to a “c” rating in a research report on Tuesday, January 22nd. Finally, Zacks Investment Research cut shares of Verso from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 6th.
NYSE:VRS traded down $0.60 during trading hours on Thursday, hitting $19.26. The stock had a trading volume of 356,046 shares, compared to its average volume of 319,771. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.21 and a quick ratio of 0.69. Verso has a one year low of $18.43 and a one year high of $34.60. The company has a market cap of $714.08 million, a price-to-earnings ratio of 5.30 and a beta of 1.52.
Verso (NYSE:VRS) last announced its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.68. Verso had a net margin of 7.79% and a return on equity of 19.09%. The firm had revenue of $639.00 million during the quarter, compared to the consensus estimate of $632.26 million. Equities research analysts expect that Verso will post 2.85 EPS for the current fiscal year.
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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