Versum Materials Inc (VSM) Given Consensus Rating of “Buy” by Brokerages

Shares of Versum Materials Inc (NYSE:VSM) have received a consensus rating of “Buy” from the twelve analysts that are currently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $35.88.

A number of research firms have recently commented on VSM. ValuEngine downgraded Versum Materials from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Loop Capital began coverage on Versum Materials in a report on Thursday, September 28th. They issued a “buy” rating and a $47.00 price objective on the stock. Stifel Nicolaus began coverage on Versum Materials in a report on Wednesday, September 20th. They issued 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 report on Tuesday, November 28th. Finally, Needham & Company LLC restated a “buy” rating and set a $41.00 price target on shares of Versum Materials in a research note on Tuesday, September 5th.

Versum Materials (NYSE VSM) opened at $36.72 on Thursday. Versum Materials has a 1-year low of $26.72 and a 1-year high of $42.74. The company has a market capitalization of $4,034.93, a PE ratio of 19.52, a PEG ratio of 1.61 and a beta of 0.85. 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 released its quarterly earnings data on Thursday, November 9th. The basic materials company reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. Versum Materials had a negative return on equity of 457.02% and a net margin of 17.13%. The business had revenue of $294.50 million for the quarter, compared to the consensus estimate of $281.39 million. During the same quarter in the prior year, the business posted $0.44 EPS. The business’s revenue for the quarter was up 18.6% on a year-over-year basis. sell-side analysts forecast that Versum Materials will post 2.1 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 27th. Investors of record on Monday, November 13th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, November 10th. This represents a $0.20 dividend on an annualized basis and a yield of 0.54%. Versum Materials’s dividend payout ratio is presently 11.30%.

In other news, Director Thomas Riordan purchased 2,550 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were purchased at an average price of $38.90 per share, for a total transaction of $99,195.00. Following the purchase, the director now directly owns 5,511 shares of the company’s stock, valued at approximately $214,377.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.49% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. ProShare Advisors LLC lifted its position in Versum Materials by 0.4% during the 2nd quarter. ProShare Advisors LLC now owns 15,614 shares of the basic materials company’s stock worth $507,000 after acquiring an additional 55 shares during the period. Comerica Bank lifted its position in Versum Materials by 0.3% during the 2nd 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 period. Public Employees Retirement Association of Colorado lifted its position in Versum Materials by 1.5% during the 2nd 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 period. Great West Life Assurance Co. Can lifted its position in Versum Materials by 0.5% during the 2nd 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 period. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Versum Materials by 4.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 9,198 shares of the basic materials company’s stock valued at $299,000 after buying an additional 408 shares during the period. 90.38% of the stock is owned by institutional investors.

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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)

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