Verso Corporation’s (NYSE:VRS) Buy Rating Reaffirmed at B. Riley

B. Riley reissued their buy rating on shares of Verso Corporation (NYSE:VRS) in a research note released on Thursday, November 9th. They currently have a $11.25 target price on the basic materials company’s stock.

VRS has been the subject of several other reports. Zacks Investment Research raised shares of Verso Corporation from a hold rating to a buy rating and set a $7.75 target price for the company in a research note on Tuesday, October 24th. BWS Financial raised Verso Corporation from a buy rating to a strong-buy rating and set a $15.00 price target for the company in a research note on Wednesday, October 18th. Finally, ValuEngine upgraded Verso Corporation from a strong sell rating to a sell rating in a research report on Friday, September 1st.

Shares of Verso Corporation (NYSE VRS) opened at $10.02 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 2.15. Verso Corporation has a 52-week low of $3.17 and a 52-week high of $10.11.

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Several hedge funds and other institutional investors have recently made changes to their positions in VRS. Donald Smith & CO. Inc. lifted its stake in shares of Verso Corporation by 34.2% in the 2nd quarter. Donald Smith & CO. Inc. now owns 2,061,732 shares of the basic materials company’s stock valued at $9,670,000 after purchasing an additional 524,849 shares during the period. Vanguard Group Inc. raised its stake in shares of Verso Corporation by 4.9% in the second 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 grew its holdings in shares of Verso Corporation by 9.9% in the second quarter. Aegis Financial Corp now owns 723,389 shares of the basic materials company’s stock worth $3,393,000 after acquiring an additional 65,432 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Verso Corporation by 88.2% in the third quarter. Dimensional Fund Advisors LP now owns 415,309 shares of the basic materials company’s stock worth $2,114,000 after acquiring an additional 194,634 shares during the period. Finally, B. Riley Financial Inc. bought a new stake in Verso Corporation during the second quarter valued at about $1,853,000. 52.14% of the stock is currently owned by institutional investors.

About Verso Corporation

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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