Verso Co. (NYSE:VRS) has been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.

Brokers have set a 1-year consensus price target of $20.00 for the company and are anticipating that the company will post $0.77 EPS for the current quarter, according to Zacks. Zacks has also given Verso an industry rank of 98 out of 265 based on the ratings given to its competitors.

VRS has been the subject of several recent research reports. BWS Financial raised shares of Verso from a “buy” rating to a “strong-buy” rating and set a $15.00 price objective for the company in a research report on Wednesday, October 18th. Zacks Investment Research downgraded shares of Verso from a “buy” rating to a “hold” rating in a research report on Thursday, November 23rd. B. Riley increased their price objective on shares of Verso from $11.25 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, December 20th. Finally, ValuEngine raised shares of Verso from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st.

In other news, major shareholder Mudrick Capital Management, L. sold 312,746 shares of the firm’s stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 1,286,595 shares of company stock valued at $21,508,948 in the last three months. Corporate insiders own 4.20% of the company’s stock.

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

Shares of Verso (NYSE:VRS) opened at $16.94 on Friday. 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 1 year low of $3.17 and a 1 year high of $18.12. The stock has a market cap of $585.73, a P/E ratio of -10.08 and a beta of 4.87.

Verso (NYSE:VRS) last issued its quarterly earnings data 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). Verso had a negative net margin of 2.35% and a negative return on equity of 6.58%. equities research analysts forecast that Verso will post -1.15 EPS for the current fiscal year.

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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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