Versum Materials (NYSE:VSM) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday.

VSM has been the topic of a number of other research reports. Credit Suisse Group lifted their price objective on shares of Versum Materials from $40.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. Stifel Nicolaus began coverage on shares of Versum Materials in a research note on Wednesday, September 20th. They set a “hold” rating and a $42.00 price objective on the stock. Jefferies Group reiterated a “neutral” rating on shares of Versum Materials in a research note on Tuesday. Needham & Company LLC reiterated a “buy” rating and set a $45.00 price objective (up previously from $41.00) on shares of Versum Materials in a research note on Friday, November 10th. Finally, KeyCorp reiterated an “overweight” rating and set a $4.00 price objective (down previously from $41.00) on shares of Versum Materials in a research note on Friday, November 10th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $36.90.

Versum Materials (VSM) traded down $1.12 on Friday, hitting $37.28. 1,075,388 shares of the stock were exchanged, compared to its average volume of 495,024. The stock has a market capitalization of $4,100.00 and a price-to-earnings ratio of 20.98. Versum Materials has a 12 month low of $24.27 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 2.88.

Versum Materials (NYSE:VSM) last posted its quarterly earnings data on Thursday, November 9th. The basic materials company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. The company had revenue of $294.50 million for the quarter, compared to analyst estimates of $281.39 million. Versum Materials had a net margin of 17.13% and a negative return on equity of 457.02%. The business’s quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 earnings per share. analysts forecast that Versum Materials will post 2.1 earnings per share for the current year.

In related news, Director Thomas Riordan purchased 2,550 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was acquired at an average price of $38.90 per share, for a total transaction of $99,195.00. Following the completion of the purchase, the director now owns 5,511 shares in the company, valued at $214,377.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.49% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of VSM. BlackRock Inc. increased its stake in shares of Versum Materials by 3,827.3% in the first quarter. BlackRock Inc. now owns 8,073,327 shares of the basic materials company’s stock worth $247,043,000 after buying an additional 7,867,760 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Versum Materials by 716.4% in the fourth quarter. Franklin Resources Inc. now owns 4,456,042 shares of the basic materials company’s stock worth $125,081,000 after buying an additional 3,910,242 shares during the last quarter. Iridian Asset Management LLC CT increased its stake in shares of Versum Materials by 11,950.8% in the fourth quarter. Iridian Asset Management LLC CT now owns 2,959,667 shares of the basic materials company’s stock worth $83,078,000 after buying an additional 2,935,107 shares during the last quarter. State Street Corp bought a new stake in shares of Versum Materials in the fourth quarter worth $74,676,000. Finally, Systematic Financial Management LP bought a new stake in shares of Versum Materials in the fourth quarter worth $49,850,000. Institutional investors and hedge funds own 90.31% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Versum Materials (NYSE:VSM)

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