Zacks Investment Research upgraded shares of Versum Materials (NYSE:VSM) from a sell rating to a hold rating in a research report sent to investors on Friday morning, Zacks.com reports.

According to Zacks, “Versum Materials, Inc. is an electronic materials supplier to the semiconductor industry. The company’s primary business segment consists of Materials and Delivery Systems and Services. It provides specialty process gas, cleaners and etchants, slurries, organosilanes and organometallics deposition films and equipment. Versum Materials, Inc. is headquartered in Tempe, Arizona. “

A number of other analysts also recently weighed in on the stock. Loop Capital upgraded shares of Versum Materials from a hold rating to a buy rating and set a $57.00 price target on the stock in a research report on Tuesday, January 29th. Goldman Sachs Group upgraded shares of Versum Materials from a sell rating to a neutral rating and increased their price target for the company from $26.00 to $31.00 in a research report on Thursday, January 31st. KeyCorp increased their price target on shares of Versum Materials from $44.00 to $55.00 and gave the company an overweight rating in a research report on Thursday, February 28th. Credit Suisse Group downgraded shares of Versum Materials from an outperform rating to a neutral rating in a research report on Thursday, February 28th. Finally, Seaport Global Securities downgraded shares of Versum Materials from a buy rating to a neutral rating in a research report on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. Versum Materials currently has a consensus rating of Hold and an average target price of $46.67.

Versum Materials stock opened at $51.97 on Friday. The company has a debt-to-equity ratio of 3.65, a quick ratio of 3.74 and a current ratio of 4.82. Versum Materials has a 1 year low of $25.02 and a 1 year high of $52.10. The stock has a market cap of $5.67 billion, a price-to-earnings ratio of 22.11 and a beta of 2.11.

Versum Materials (NYSE:VSM) last released its earnings results on Monday, February 4th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.55. Versum Materials had a net margin of 17.37% and a return on equity of 135.80%. The company had revenue of $339.50 million for the quarter, compared to the consensus estimate of $339.69 million. During the same period in the prior year, the company posted $0.54 EPS. The company’s revenue was up 2.6% compared to the same quarter last year. On average, analysts forecast that Versum Materials will post 2.37 earnings per share for the current year.

Several large investors have recently made changes to their positions in the stock. Retirement Systems of Alabama raised its position in shares of Versum Materials by 0.5% in the 1st quarter. Retirement Systems of Alabama now owns 142,036 shares of the basic materials company’s stock valued at $7,146,000 after acquiring an additional 668 shares during the period. Louisiana State Employees Retirement System raised its holdings in Versum Materials by 1.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 29,200 shares of the basic materials company’s stock worth $1,469,000 after buying an additional 300 shares during the period. Havens Advisors LLC acquired a new stake in Versum Materials during the 1st quarter worth approximately $2,943,000. Wendell David Associates Inc. acquired a new stake in Versum Materials during the 1st quarter worth approximately $261,000. Finally, Donaldson Capital Management LLC acquired a new stake in Versum Materials during the 1st quarter worth approximately $225,000. Institutional investors and hedge funds own 92.55% of the company’s stock.

Versum Materials Company Profile

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. The company operates through two segments, Materials, and Delivery Systems and Services (DS&S).

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