In a report released today, Jeff Van Sinderen from B.Riley FBR reiterated a Buy rating on Verso Corp (NYSE: VRS), with a price target of $45. The company’s shares closed yesterday at $29.67, close to its 52-week high of $32.46.
According to TipRanks.com, Sinderen is a 3-star analyst with an average return of 3.0% and a 50.6% success rate. Sinderen covers the Consumer Goods sector, focusing on stocks such as Universal Electronics, Celsius Holdings Inc, and Steven Madden.
Currently, the analyst consensus on Verso Corp is a Moderate Buy with an average price target of $45.
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Based on Verso Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $644 million and net profit of $1 million. In comparison, last year the company earned revenue of $585 million and had a GAAP net loss of $49 million.
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Verso Corp. engages in producing and supplying coated paper and products. It offers papers ranging from web, coated, digital, specialty and book, to supercalendered and uncoated. The company was founded on August 1, 2006 and is headquartered in Miamisburg, OH.
