Credit Suisse Group Increases Versum Materials Inc. (VSM) Price Target to $46.00
Versum Materials Inc. (NYSE:VSM) had its target price hoisted by Credit Suisse Group from $40.00 to $46.00 in a report published on Friday. The brokerage currently has an outperform rating on the basic materials company’s stock.
VSM has been the topic of several other reports. Zacks Investment Research raised shares of Versum Materials from a hold rating to a buy rating and set a $39.00 price target on the stock in a report on Wednesday, August 2nd. ValuEngine raised shares of Versum Materials from a hold rating to a buy rating in a report on Wednesday, September 20th. Stifel Nicolaus began coverage on shares of Versum Materials in a report on Wednesday, September 20th. They issued a hold rating and a $42.00 price target on the stock. Needham & Company LLC reaffirmed a buy rating and issued a $45.00 price target (up from $41.00) on shares of Versum Materials in a report on Friday. Finally, Jefferies Group LLC reaffirmed a hold rating and issued a $38.00 price target on shares of Versum Materials in a report on Thursday, October 19th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Versum Materials currently has an average rating of Buy and a consensus target price of $36.90.
Shares of Versum Materials (VSM) opened at $39.18 on Friday. The stock has a market cap of $4,250.65, a price-to-earnings ratio of 20.56, a P/E/G ratio of 1.69 and a beta of 1.62. The company has a quick ratio of 2.88, a current ratio of 3.84 and a debt-to-equity ratio of 39.72. Versum Materials has a twelve month low of $23.38 and a twelve month high of $42.74.
Versum Materials (NYSE:VSM) last posted its quarterly earnings results on Thursday, November 9th. The basic materials company reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. The firm had revenue of $294.50 million for the quarter, compared to analysts’ expectations of $281.39 million. Versum Materials had a net margin of 17.13% and a negative return on equity of 457.02%. The firm’s quarterly revenue was up 18.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 earnings per share. equities analysts predict that Versum Materials will post 2.1 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 13th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.51%. Versum Materials’s dividend payout ratio (DPR) is 11.30%.
Several large investors have recently modified their holdings of the business. ProShare Advisors LLC raised its holdings in shares of Versum Materials by 0.4% during the second quarter. ProShare Advisors LLC now owns 15,614 shares of the basic materials company’s stock worth $507,000 after purchasing an additional 55 shares during the period. Comerica Bank grew its position in shares of Versum Materials by 0.3% during the second quarter. Comerica Bank now owns 113,125 shares of the basic materials company’s stock worth $4,043,000 after acquiring an additional 287 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in shares of Versum Materials by 1.5% during the second quarter. Public Employees Retirement Association of Colorado now owns 20,574 shares of the basic materials company’s stock worth $669,000 after acquiring an additional 309 shares during the last quarter. Great West Life Assurance Co. Can grew its position in shares of Versum Materials by 0.5% during the second quarter. Great West Life Assurance Co. Can now owns 66,277 shares of the basic materials company’s stock worth $2,153,000 after acquiring an additional 360 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of Versum Materials by 4.6% during the second quarter. Janney Montgomery Scott LLC now owns 9,198 shares of the basic materials company’s stock worth $299,000 after acquiring an additional 408 shares during the last quarter. 90.04% of the stock is currently owned by institutional investors.
About Versum Materials
Versum Materials, Inc is a provider of solutions to the semiconductor and display industries. The Company is engaged in the development, manufacturing, transportation and handling of specialty materials. Its segments include Materials; Delivery Systems and Services (DS&S), and Corporate. The Materials segment is an integrated provider of specialty materials for the electronics industry, focusing on the integrated circuit and flat-panel display markets.
Receive News & Ratings for Versum Materials Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Versum Materials Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.