Versum Materials Inc. (VSM) Price Target Raised to $46.00
Versum Materials Inc. (NYSE:VSM) had its target price upped by Credit Suisse Group from $40.00 to $46.00 in a research report sent to investors on Friday morning. They currently have an outperform rating on the basic materials company’s stock.
VSM has been the subject of several other reports. Zacks Investment Research cut shares of Versum Materials from a buy rating to a hold rating in a research note on Wednesday, October 18th. Loop Capital initiated coverage on shares of Versum Materials in a research note on Thursday, September 28th. They issued a buy rating and a $47.00 target price for the company. KeyCorp reiterated an overweight rating and issued a $4.00 target price (down from $41.00) on shares of Versum Materials in a research note on Friday. Jefferies Group LLC reiterated a hold rating and issued a $38.00 target price on shares of Versum Materials in a research note on Thursday, October 19th. Finally, Needham & Company LLC reiterated a buy rating and issued a $45.00 target price (up from $41.00) on shares of Versum Materials in a research note on Friday. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $36.90.
Versum Materials (NYSE:VSM) opened at $39.07 on Friday. The company has a quick ratio of 3.34, a current ratio of 3.84 and a debt-to-equity ratio of 39.72. Versum Materials has a 12 month low of $23.06 and a 12 month high of $42.74. The stock has a market cap of $4,250.66, a price-to-earnings ratio of 20.56, a P/E/G ratio of 1.68 and a beta of 1.62.
Versum Materials (NYSE:VSM) last posted 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. Versum Materials had a net margin of 17.13% and a negative return on equity of 457.02%. The firm had revenue of $294.50 million during the quarter, compared to analysts’ expectations of $281.39 million. During the same period in the previous year, the business posted $0.44 EPS. The business’s revenue was up 18.6% compared to the same quarter last year. research analysts anticipate that Versum Materials will post 2.1 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 13th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Friday, November 10th. Versum Materials’s dividend payout ratio is presently 11.30%.
A number of large investors have recently bought and sold shares of VSM. Pinnacle Financial Partners Inc. acquired a new position in Versum Materials during the second quarter worth $111,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Versum Materials by 12.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,983 shares of the basic materials company’s stock worth $129,000 after acquiring an additional 428 shares during the period. MV Capital Management Inc. raised its position in Versum Materials by 20.5% during the second quarter. MV Capital Management Inc. now owns 4,379 shares of the basic materials company’s stock worth $142,000 after acquiring an additional 746 shares during the period. Creative Planning raised its position in Versum Materials by 17.0% during the second quarter. Creative Planning now owns 4,587 shares of the basic materials company’s stock worth $149,000 after acquiring an additional 666 shares during the period. Finally, Riverhead Capital Management LLC raised its position in Versum Materials by 66.5% during the second quarter. Riverhead Capital Management LLC now owns 5,826 shares of the basic materials company’s stock worth $189,000 after acquiring an additional 2,326 shares during the period. Institutional investors own 90.27% of the company’s stock.
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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