Zacks Investment Research upgraded shares of Verso Corp (NYSE:VRS) from a strong sell rating to a hold rating in a research report report published on Tuesday.
According to Zacks, “Verso Corporation is engaged in the paper industry. The Company produces coated freesheet, coated ground wood and uncoated super calendered papers and pulp. It serves to magazine and catalog publishers, commercial printers, specialty retail merchandisers and paper merchants. The company operates primarily in Kentucky, Maine, Maryland, Michigan, Minnesota and Wisconsin. Verso Corporation is based in Memphis, United States. “
Separately, BWS Financial assumed coverage on shares of Verso Corp in a research report on Wednesday, July 27th. They set a buy rating and a $25.00 target price on the stock.
Verso Corp (NYSE:VRS) opened at 5.85 on Tuesday. Verso Corp has a 52 week low of $5.55 and a 52 week high of $12.00. The stock’s market cap is $201.18 million. The firm’s 50-day moving average is $6.56 and its 200 day moving average is $7.77.
In related news, CFO Allen James Campbell bought 15,000 shares of the firm’s stock in a transaction on Monday, August 29th. The shares were bought at an average cost of $6.09 per share, for a total transaction of $91,350.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.
Verso Corp 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.