Could Verso Corporation (VRS) Go Up? The Stock Formed Double Top Chart Pattern

March 22, 2018 - By Maria Brooks

The chart of Verso Corporation (VRS) shows a double top with $18.76 target or 4.00 % above today’s $18.04 share price. The 9 months chart pattern indicates low risk for the $621.58M company. It was reported on Mar, 22 by If the $18.76 price target is reached, the company will be worth $24.86M more. Double tops are rare but powerful chart patterns.

The stock increased 1.52% or $0.27 during the last trading session, reaching $18.04. About 987,296 shares traded or 84.38% up from the average. Verso Corporation (NYSE:VRS) has 0.00% since March 22, 2017 and is . It has underperformed by 16.70% the S&P500.

Analysts await Verso Corporation (NYSE:VRS) to report earnings on May, 17. They expect $0.71 EPS, up 216.39 % or $1.32 from last year’s $-0.61 per share. VRS’s profit will be $24.46M for 6.35 P/E if the $0.71 EPS becomes a reality. After $1.04 actual EPS reported by Verso Corporation for the previous quarter, Wall Street now forecasts -31.73 % negative EPS growth.

Verso Corporation (NYSE:VRS) Ratings Coverage

Among 2 analysts covering Verso Corporation (NYSE:VRS), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Verso Corporation has $25 highest and $11.25 lowest target. $22’s average target is 21.95% above currents $18.04 stock price. Verso Corporation had 8 analyst reports since July 27, 2016 according to SRatingsIntel. BWS Financial upgraded the stock to “Strong Buy” rating in Wednesday, October 18 report. BWS Financial initiated the shares of VRS in report on Wednesday, July 27 with “Buy” rating. The firm earned “Strong Buy” rating on Friday, November 17 by BWS Financial. FBR Capital maintained the stock with “Buy” rating in Wednesday, December 20 report. The rating was maintained by FBR Capital on Friday, March 9 with “Buy”. As per Friday, February 16, the company rating was upgraded by FBR Capital.

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