Verso Corporation (NYSE:VRS) & Laboratory Corporation of America Holdings (NYSE:LH) Are On Analyst’s Buy List

Equity Research firms currently have a positive stance on shares of Verso Corporation (NYSE:VRS). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.00. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $13.13 on a short term basis.

Performance
At the time of writing, the stock was trading at $3.87. This represents a change from most recent open price of 2.65%. In terms of performance, year to date, the stock is -46.48%. The monthly stock performance comes in at -1.55%. For the quarter, shares are performing at -38.11%. Weekly performance analysis shows the equity at 3.54%.

Technicals
In taking a look at technical levels, shares are trading -18.56% away from the 50 day simple moving average and -37.41% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -71.54% away from it’s 52- week high and 22.08% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Verso Corporation’s RSI stands at 45.62. In looking at volatility levels, the shares saw weekly volatility of 7.54% and 7.74% over the past month.

Sell-side analysts are offering a consensus “Buy” rating on shares of Laboratory Corporation of America Holdings (NYSE:LH).  Using the following ratings scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell and 5.0 Strong Sell, analysts have an average recommendation of 2.20.  Based on a recent trade, the shares are hovering around $144.49 which, according to analysts, yield significant upside potential to the $155.32 consensus target price.

Laboratory Corporation of America Holdings (NYSE:LH) shares typically trade an average volume of 699.90 and institutions hold 95.20% of the total shares.  

MOVING AVERAGES

We see here that the stock is 2.82% away from the 20-Day Simple Moving Average.  Their 50-Day Simple Moving Average is a difference of 2.48% from current levels.  Further back, their 200-Day Simple Moving Average is 6.31% difference from today’s price.  Currently, the stock is -1.46% from its 50-Day High and 7.68% from the 50-day low. 

Laboratory Corporation of America Holdings (NYSE:LH)‘s stock has performed at 10.52%.  Breaking that down further, it has performed 0.83% for the week, 2.63% for the month, -1.22% over the last quarter, 11.39% for the past half-year and 12.88% for this last year. 

By DR Staff Writer