Versum Materials Inc. (VSM) Rating Increased to Buy at Zacks Investment Research
Versum Materials Inc. (NYSE:VSM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Saturday. The firm currently has a $44.00 price target on the basic materials company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 12.62% from the company’s current price.
According to Zacks, “Versum Materials, Inc. is an electronic materials supplier to the semiconductor industry. The company’s primary business segment consists of Materials and Delivery Systems and Services. It provides specialty process gas, cleaners and etchants, slurries, organosilanes and organometallics deposition films and equipment. Versum Materials, Inc. is headquartered in Tempe, Arizona. “
A number of other equities research analysts also recently issued reports on VSM. ValuEngine downgraded Versum Materials from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. KeyCorp reissued an “overweight” rating and set a $4.00 price target (down previously from $41.00) on shares of Versum Materials in a research report on Friday. Needham & Company LLC reissued a “buy” rating and set a $45.00 price target (up previously from $41.00) on shares of Versum Materials in a research report on Friday. Jefferies Group LLC reissued a “hold” rating and set a $38.00 price target (up previously from $34.00) on shares of Versum Materials in a research report on Wednesday, August 2nd. Finally, Loop Capital assumed coverage on Versum Materials in a research report on Thursday, September 28th. They set a “buy” rating and a $47.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $36.90.
Versum Materials (NYSE:VSM) opened at $39.07 on Friday. Versum Materials has a 12-month low of $23.06 and a 12-month high of $42.74. The company has a debt-to-equity ratio of 39.72, a current ratio of 3.84 and a quick ratio of 3.34. The company has a market capitalization of $4,250.66, a P/E ratio of 20.56, a PEG ratio of 1.68 and a beta of 1.62.
Versum Materials (NYSE:VSM) last posted its earnings results on Thursday, November 9th. The basic materials company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. The company had revenue of $294.50 million for the quarter, compared to the consensus estimate of $281.39 million. Versum Materials had a negative return on equity of 457.02% and a net margin of 17.13%. The firm’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.44 earnings per share. sell-side analysts expect that Versum Materials will post 2.1 EPS for the current fiscal year.
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Several institutional investors and hedge funds have recently made changes to their positions in the company. McQueen Ball & Associates Inc. bought a new position in shares of Versum Materials in the 3rd quarter valued at $228,000. California State Teachers Retirement System lifted its stake in shares of Versum Materials by 2.2% in the 2nd quarter. California State Teachers Retirement System now owns 199,672 shares of the basic materials company’s stock valued at $6,489,000 after acquiring an additional 4,340 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Versum Materials by 10.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 18,393 shares of the basic materials company’s stock valued at $598,000 after acquiring an additional 1,731 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Versum Materials by 9.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 592,701 shares of the basic materials company’s stock valued at $19,263,000 after acquiring an additional 53,052 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Versum Materials by 34.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 402,776 shares of the basic materials company’s stock valued at $13,090,000 after acquiring an additional 104,000 shares during the last quarter. Institutional investors own 90.27% of the company’s stock.
Versum Materials Company Profile
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.
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