Versum Materials (NYSE:VSM) had its target price hoisted by equities research analysts at KeyCorp from $46.00 to $50.00 in a report issued on Friday. The firm currently has an “overweight” rating on the basic materials company’s stock. KeyCorp’s price objective points to a potential upside of 33.30% from the stock’s current price.
Several other research analysts have also commented on the stock. Credit Suisse Group lifted their price objective on shares of Versum Materials from $46.00 to $47.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 8th. Zacks Investment Research lowered shares of Versum Materials from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Finally, Argus raised shares of Versum Materials from a “hold” rating to a “buy” rating in a research note on Monday, May 14th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $46.14.
NYSE VSM opened at $37.51 on Friday. The company has a quick ratio of 3.39, a current ratio of 4.43 and a debt-to-equity ratio of 6.20. The firm has a market cap of $4.25 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 1.29 and a beta of 0.52. Versum Materials has a 52 week low of $33.06 and a 52 week high of $42.74.
Versum Materials (NYSE:VSM) last posted its quarterly earnings data on Tuesday, August 7th. The basic materials company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.61 by $0.02. The company had revenue of $350.00 million during the quarter, compared to analyst estimates of $344.20 million. Versum Materials had a net margin of 14.29% and a return on equity of 264.89%. analysts predict that Versum Materials will post 2.33 EPS for the current fiscal year.
In related news, Director Susan C. Schnabel bought 2,500 shares of the stock in a transaction dated Monday, August 13th. The stock was purchased at an average cost of $37.49 per share, with a total value of $93,725.00. Following the completion of the purchase, the director now owns 16,859 shares of the company’s stock, valued at $632,043.91. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.49% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Associated Banc Corp boosted its stake in shares of Versum Materials by 18.1% during the second quarter. Associated Banc Corp now owns 9,218 shares of the basic materials company’s stock valued at $343,000 after purchasing an additional 1,414 shares during the period. Aperio Group LLC boosted its stake in shares of Versum Materials by 2.3% during the second quarter. Aperio Group LLC now owns 66,451 shares of the basic materials company’s stock valued at $2,469,000 after purchasing an additional 1,516 shares during the period. US Bancorp DE boosted its stake in shares of Versum Materials by 8.4% during the first quarter. US Bancorp DE now owns 20,723 shares of the basic materials company’s stock valued at $781,000 after purchasing an additional 1,607 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of Versum Materials by 4.1% during the second quarter. Oregon Public Employees Retirement Fund now owns 42,467 shares of the basic materials company’s stock valued at $1,578,000 after purchasing an additional 1,692 shares during the period. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Versum Materials by 2.7% during the first quarter. Great West Life Assurance Co. Can now owns 64,432 shares of the basic materials company’s stock valued at $2,426,000 after purchasing an additional 1,700 shares during the period. 92.14% of the stock is owned by hedge funds and other institutional investors.
About Versum Materials
Versum Materials, Inc develops, manufactures, transports, and handles specialty materials for the semiconductor and display industries in the United States, Taiwan, South Korea, China, Europe, and rest of Asia. It operates in two segments, Materials, and Delivery Systems and Services (DS&S). The Materials segment provides specialty chemicals and materials used in semiconductors, as well as specialty gases used in the semiconductor manufacturing process, including high purity process materials for deposition, metallization, and chamber cleaning and etching; chemicals mechanical planarization slurries; organosilanes; organometallics and liquid dopants for thin film deposition; and formulated chemical products for post-etch cleaning primarily for the manufacture of silicon and compound semiconductors, and thin film transistor liquid crystal displays.
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