Verso (VRS) Cut to “Sell” at ValuEngine

ValuEngine downgraded 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 research firms have also weighed in on VRS. B. Riley reissued a buy rating and set a $47.00 target price on shares of Verso in a research report on Tuesday, February 26th. Zacks Investment Research raised shares of Verso from a strong sell rating to a strong-buy rating and set a $26.00 target price for the company in a research report on Thursday, May 2nd. One investment 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 stock currently has an average rating of Hold and an average price target of $34.00.

Verso stock opened at $18.16 on Thursday. The firm has a market cap of $626.23 million, a price-to-earnings ratio of 4.91 and a beta of 1.52. 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 fifty-two week low of $17.70 and a fifty-two week high of $34.60.

Verso (NYSE:VRS) last released its earnings results on Wednesday, May 8th. The basic materials company reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.68. The firm had revenue of $639.00 million during 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%. Equities analysts forecast that Verso will post 2.85 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in VRS. JPMorgan Chase & Co. raised its position in shares of Verso by 17.6% during the third quarter. JPMorgan Chase & Co. now owns 1,418,410 shares of the basic materials company’s stock valued at $47,759,000 after buying an additional 211,933 shares during the last quarter. Morgan Stanley raised its position in shares of Verso by 235.8% during the third quarter. Morgan Stanley now owns 490,742 shares of the basic materials company’s stock valued at $16,522,000 after buying an additional 344,613 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Verso by 14.1% during the third quarter. Vanguard Group Inc. now owns 1,935,445 shares of the basic materials company’s stock valued at $65,167,000 after buying an additional 239,784 shares during the last quarter. Meeder Asset Management Inc. raised its position in shares of Verso by 191.8% during the fourth quarter. Meeder Asset Management Inc. now owns 2,197 shares of the basic materials company’s stock valued at $49,000 after buying an additional 1,444 shares during the last quarter. Finally, Strs Ohio raised its position in shares of Verso by 7.7% during the fourth quarter. Strs Ohio now owns 30,600 shares of the basic materials company’s stock valued at $685,000 after buying an additional 2,200 shares during the last quarter. 93.29% of the stock is owned by institutional investors and hedge funds.

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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