Versum Materials (VSM) Getting Somewhat Favorable News Coverage, Analysis Finds

News coverage about Versum Materials (NYSE:VSM) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Versum Materials earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 43.7938327714945 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Versum Materials (VSM) traded up $0.07 during trading on Thursday, hitting $38.95. 284,300 shares of the stock were exchanged, compared to its average volume of 439,641. Versum Materials has a 12-month low of $26.72 and a 12-month high of $42.74. The company has a debt-to-equity ratio of 39.72, a quick ratio of 2.88 and a current ratio of 3.84. The company has a market cap of $4,240.00 and a P/E ratio of 22.13.

Versum Materials (NYSE:VSM) last issued its quarterly 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 firm had revenue of $294.50 million for the quarter, compared to the consensus estimate of $281.39 million. The business’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.44 earnings per share. sell-side analysts forecast that Versum Materials will post 2.1 earnings per share for the current year.

Several analysts have commented on VSM shares. 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 price target on shares of Versum Materials from $40.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. KeyCorp reiterated an “overweight” rating and issued a $4.00 price target (down previously from $41.00) on shares of Versum Materials in a research note on Friday, November 10th. ValuEngine cut shares of Versum Materials from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price target (up previously from $41.00) on shares of Versum Materials in a research note on Friday, November 10th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Versum Materials has an average rating of “Hold” and a consensus target price of $37.44.

In other news, Director Thomas Riordan purchased 2,550 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were bought at an average cost of $38.90 per share, for a total transaction of $99,195.00. Following the acquisition, the director now owns 5,511 shares of the company’s stock, valued at approximately $214,377.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.55% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Versum Materials (NYSE:VSM)

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