Verso (VRS) Given a $20.00 Price Target by BWS Financial Analysts

Verso (NYSE:VRS) has been given a $20.00 price target by equities research analysts at BWS Financial in a research note issued to investors on Thursday. The firm presently has a “buy” rating on the basic materials company’s stock. BWS Financial’s price objective suggests a potential upside of 18.06% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. B. Riley set a $11.00 price target on shares of Verso and gave the company a “buy” rating in a research note on Wednesday, November 15th. Zacks Investment Research upgraded shares of Verso from a “hold” rating to a “buy” rating and set a $7.75 price target on the stock in a research note on Tuesday, October 24th. 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 (VRS) opened at $16.94 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.15 and a quick ratio of 0.80. Verso has a 52 week low of $3.17 and a 52 week high of $18.12. The stock has a market cap of $615.37, a price-to-earnings ratio of -10.08 and a beta of 4.87.

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 consensus estimate of $0.39 by ($0.15). Verso had a negative net margin of 2.35% and a negative return on equity of 6.58%. equities research analysts anticipate that Verso will post -1.15 earnings per share for the current fiscal year.

In other news, major shareholder Mudrick Capital Management, L. sold 312,746 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $16.63, for a total transaction of $5,200,965.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have sold a total of 1,286,595 shares of company stock worth $21,508,948 over the last 90 days. 4.20% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. increased its stake in shares of Verso by 34.2% during the 2nd quarter. Donald Smith & CO. Inc. now owns 2,061,732 shares of the basic materials company’s stock worth $9,670,000 after purchasing an additional 524,849 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Verso by 4.9% during the 2nd quarter. Vanguard Group Inc. now owns 1,265,919 shares of the basic materials company’s stock worth $5,937,000 after purchasing an additional 58,642 shares during the last quarter. Aegis Financial Corp increased its stake in shares of Verso by 9.9% during the 2nd quarter. Aegis Financial Corp now owns 723,389 shares of the basic materials company’s stock worth $3,393,000 after purchasing an additional 65,432 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Verso during the 4th quarter worth about $8,377,000. Finally, Skylands Capital LLC acquired a new position in shares of Verso during the 4th quarter worth about $8,282,000. Institutional investors own 53.22% of the company’s stock.

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About Verso

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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