Versum Materials Inc. (NYSE:VSM) has been assigned a consensus recommendation of “Buy” from the twelve research firms that are presently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $38.11.

VSM has been the topic of several analyst reports. Zacks Investment Research lowered Versum Materials from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Needham & Company LLC initiated coverage on Versum Materials in a research note on Monday, July 10th. They issued a “buy” rating and a $38.00 target price on the stock. ValuEngine raised Versum Materials from a “hold” rating to a “buy” rating in a research note on Wednesday, September 20th. Credit Suisse Group set a $40.00 target price on Versum Materials and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Finally, Stifel Nicolaus initiated coverage on Versum Materials in a research note on Wednesday, September 20th. They issued a “hold” rating and a $42.00 target price on the stock.

Versum Materials (NYSE VSM) opened at 40.02 on Wednesday. Versum Materials has a 12-month low of $22.17 and a 12-month high of $40.46. The company’s 50-day moving average price is $38.46 and its 200-day moving average price is $34.34. The firm has a market capitalization of $4.35 billion and a price-to-earnings ratio of 22.61.

Versum Materials (NYSE:VSM) last released its earnings results on Tuesday, August 1st. The basic materials company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.08. Versum Materials had a negative return on equity of 261.88% and a net margin of 17.91%. The firm had revenue of $290.80 million for the quarter, compared to analyst estimates of $265.64 million. During the same quarter in the prior year, the firm posted $0.45 earnings per share. The company’s quarterly revenue was up 19.8% on a year-over-year basis. Equities analysts expect that Versum Materials will post $1.91 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Versum Materials Inc. (VSM) Given Average Recommendation of “Buy” by Brokerages” was reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this report can be read at https://www.americanbankingnews.com/2017/10/25/versum-materials-inc-vsm-given-average-recommendation-of-buy-by-brokerages-2.html.

In other Versum Materials news, Director Jacques M. Croisetiere purchased 2,750 shares of the stock in a transaction on Thursday, August 3rd. The stock was bought at an average cost of $36.00 per share, for a total transaction of $99,000.00. Following the completion of the acquisition, the director now directly owns 8,376 shares of the company’s stock, valued at $301,536. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the business. McQueen Ball & Associates Inc. bought a new stake in shares of Versum Materials in the third quarter worth about $228,000. California State Teachers Retirement System increased its holdings in shares of Versum Materials by 2.2% in the second quarter. California State Teachers Retirement System now owns 199,672 shares of the basic materials company’s stock worth $6,489,000 after acquiring an additional 4,340 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Versum Materials by 10.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 18,393 shares of the basic materials company’s stock worth $598,000 after acquiring an additional 1,731 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Versum Materials by 9.8% in the second quarter. The Manufacturers Life Insurance Company now owns 592,701 shares of the basic materials company’s stock worth $19,263,000 after acquiring an additional 53,052 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Versum Materials by 34.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 402,776 shares of the basic materials company’s stock worth $13,090,000 after acquiring an additional 104,000 shares in the last quarter. Institutional investors own 89.61% 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.

Analyst Recommendations for Versum Materials (NYSE:VSM)

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 MarketBeat.com's FREE daily email newsletter.