Shares of Versum Materials Inc (NYSE:VSM) have received an average rating of “Hold” from the eleven ratings firms that are currently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $36.43.

Several research analysts have recently issued reports on the stock. ValuEngine lowered shares of Versum Materials from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Jefferies Group reaffirmed a “neutral” rating on shares of Versum Materials in a research note on Tuesday, November 28th. Zacks Investment Research lowered shares of Versum Materials from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Credit Suisse Group raised their target price on shares of Versum Materials from $40.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 target price (up previously from $41.00) on shares of Versum Materials in a research note on Friday, November 10th.

Versum Materials (NYSE:VSM) opened at $39.15 on Monday. The stock has a market cap of $4,260.00 and a PE ratio of 22.24. 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 has a one year low of $26.72 and a one year high of $42.74.

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, meeting the consensus estimate of $0.47. The company had revenue of $294.50 million for the quarter, compared to analyst estimates of $281.39 million. Versum Materials had a net margin of 17.13% and a negative return on equity of 457.02%. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.44 EPS. sell-side analysts expect that Versum Materials will post 2.1 earnings per share for the current fiscal year.

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 acquired at an average cost of $38.90 per share, for a total transaction of $99,195.00. Following the transaction, the director now directly owns 5,511 shares of the company’s stock, valued at approximately $214,377.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.49% of the company’s stock.

Large investors have recently made changes to their positions in the stock. 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 acquiring an additional 428 shares during the period. Riverhead Capital Management LLC raised its holdings in Versum Materials by 66.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,826 shares of the basic materials company’s stock worth $189,000 after buying an additional 2,326 shares during the period. McQueen Ball & Associates Inc. acquired a new stake in Versum Materials during the 3rd quarter worth approximately $228,000. Oppenheimer Asset Management Inc. raised its holdings in Versum Materials by 243.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 6,263 shares of the basic materials company’s stock worth $204,000 after buying an additional 4,442 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in Versum Materials during the 2nd quarter worth approximately $219,000. Institutional investors and hedge funds own 90.37% 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.

Analyst Recommendations for Versum Materials (NYSE:VSM)

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