Versum Materials (VSM) Upgraded at Stifel Nicolaus

Versum Materials (NYSE:VSM) was upgraded by Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued on Tuesday, The Fly reports.

VSM has been the subject of several other research reports. Zacks Investment Research cut shares of Versum Materials from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Credit Suisse Group boosted their target price on shares of Versum Materials from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. KeyCorp restated an “overweight” rating and issued a $4.00 target price (down from $41.00) on shares of Versum Materials in a research report on Friday, November 10th. ValuEngine cut shares of Versum Materials from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Jefferies Group restated a “neutral” rating on shares of Versum Materials in a research report on Tuesday, November 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $36.89.

Shares of Versum Materials (NYSE:VSM) traded up $0.02 during trading on Tuesday, reaching $35.84. 1,677,484 shares of the company’s stock traded hands, compared to its average volume of 512,691. Versum Materials has a twelve month low of $28.32 and a twelve month high of $42.74. The company has a quick ratio of 2.88, a current ratio of 3.84 and a debt-to-equity ratio of 39.72. The firm has a market cap of $4,041.24, a PE ratio of 20.25, a price-to-earnings-growth ratio of 1.61 and a beta of 0.07.

Versum Materials (NYSE:VSM) last issued its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. Versum Materials had a net margin of 17.13% and a negative return on equity of 457.02%. The business had revenue of $330.80 million during the quarter, compared to analysts’ expectations of $295.68 million. During the same quarter in the previous year, the company earned $0.49 EPS. The business’s revenue was up 22.2% on a year-over-year basis. equities analysts forecast that Versum Materials will post 2.1 EPS for the current year.

In other news, Director Thomas Riordan bought 2,550 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was bought at an average cost of $38.90 per share, for a total transaction of $99,195.00. Following the transaction, the director now owns 5,511 shares of the company’s stock, valued at $214,377.90. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.55% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of VSM. McQueen Ball & Associates Inc. bought a new stake in shares of Versum Materials during the 3rd quarter valued at approximately $228,000. California State Teachers Retirement System grew its holdings in shares of Versum Materials by 2.2% during 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 purchasing an additional 4,340 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Versum Materials by 10.4% during 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 purchasing an additional 1,731 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Versum Materials by 9.8% during 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 purchasing an additional 53,052 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Versum Materials by 34.8% during 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 purchasing an additional 104,000 shares during the last quarter. Institutional investors own 90.72% 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.

The Fly

Analyst Recommendations for Versum Materials (NYSE:VSM)

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