Versum Materials (VSM) Rating Reiterated by Jefferies Group
Versum Materials (NYSE:VSM)‘s stock had its “neutral” rating restated by equities research analysts at Jefferies Group in a report issued on Tuesday. Jefferies Group also issued estimates for Versum Materials’ Q1 2018 earnings at $0.49 EPS, Q2 2018 earnings at $0.47 EPS, Q3 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.58 EPS, FY2018 earnings at $2.10 EPS, FY2019 earnings at $2.25 EPS and FY2020 earnings at $2.50 EPS.
Other research analysts have also recently issued reports about the stock. ValuEngine upgraded shares of Versum Materials from a “hold” rating to a “buy” rating in a report on Wednesday, September 20th. Stifel Nicolaus assumed coverage on shares of Versum Materials in a report on Wednesday, September 20th. They set a “hold” rating and a $42.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating and set a $45.00 target price (up from $41.00) on shares of Versum Materials in a report on Friday, November 10th. Credit Suisse Group set a $40.00 target price on shares of Versum Materials and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded shares of Versum Materials from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Wednesday, August 2nd. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $36.90.
Versum Materials (NYSE VSM) opened at $38.55 on Tuesday. The company has a current ratio of 3.84, a quick ratio of 2.88 and a debt-to-equity ratio of 39.72. Versum Materials has a 1-year low of $24.27 and a 1-year high of $42.74. The stock has a market cap of $4,310.00 and a PE ratio of 21.02.
Versum Materials (NYSE:VSM) last issued its earnings results on Thursday, November 9th. The basic materials company reported $0.47 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. Versum Materials had a net margin of 17.13% and a negative return on equity of 457.02%. The company had revenue of $294.50 million for the quarter, compared to analysts’ expectations of $281.39 million. During the same period in the prior year, the business earned $0.44 EPS. The firm’s quarterly revenue was up 18.6% on a year-over-year basis. equities analysts anticipate that Versum Materials will post 2.09 earnings per share for the current year.
In other news, Director Thomas Riordan purchased 2,550 shares of the stock in a transaction dated Thursday, November 16th. The shares were acquired 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 $214,377.90. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.49% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in VSM. Pinnacle Financial Partners Inc. purchased a new position in shares of Versum Materials in the 2nd quarter valued at approximately $111,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Versum Materials by 12.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,983 shares of the basic materials company’s stock valued at $129,000 after purchasing an additional 428 shares during the last quarter. MV Capital Management Inc. raised its position in shares of Versum Materials by 20.5% in the 2nd quarter. MV Capital Management Inc. now owns 4,379 shares of the basic materials company’s stock valued at $142,000 after purchasing an additional 746 shares during the last quarter. Creative Planning raised its position in shares of Versum Materials by 17.0% in the 2nd quarter. Creative Planning now owns 4,587 shares of the basic materials company’s stock valued at $149,000 after purchasing an additional 666 shares during the last quarter. Finally, Riverhead Capital Management LLC raised its position in shares of Versum Materials by 66.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,826 shares of the basic materials company’s stock valued at $189,000 after purchasing an additional 2,326 shares during the last quarter. 90.31% of the stock is owned by hedge funds and other institutional investors.
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.
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