Versum Materials (NYSE:VSM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday.
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 brokerages have also weighed in on VSM. Loop Capital lowered Versum Materials from a “buy” rating to a “hold” rating and set a $42.00 target price on the stock. in a research report on Thursday, January 25th. Credit Suisse Group decreased their price target on Versum Materials from $46.00 to $45.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Jefferies Group upgraded Versum Materials from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Monday, March 26th. TheStreet upgraded Versum Materials from a “d+” rating to a “c-” rating in a report on Tuesday, February 6th. Finally, Stifel Nicolaus upgraded Versum Materials from a “hold” rating to a “buy” rating and upped their price target for the stock from $43.00 to $46.00 in a report on Tuesday, February 6th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Versum Materials currently has an average rating of “Buy” and an average price target of $38.75.
Shares of NYSE:VSM traded up $0.04 during trading on Friday, reaching $37.73. 85,487 shares of the stock were exchanged, compared to its average volume of 529,232. The company has a quick ratio of 3.08, a current ratio of 4.13 and a debt-to-equity ratio of 16.37. Versum Materials has a 1-year low of $28.70 and a 1-year high of $42.74. The firm has a market capitalization of $4,057.81, a price-to-earnings ratio of 19.75, a PEG ratio of 1.28 and a beta of 0.24.
Versum Materials (NYSE:VSM) last issued its earnings results on Tuesday, February 6th. The basic materials company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. Versum Materials had a return on equity of 6,666.66% and a net margin of 13.55%. The company had revenue of $330.80 million for the quarter, compared to analyst estimates of $295.68 million. During the same period in the prior year, the firm earned $0.49 earnings per share. Versum Materials’s revenue for the quarter was up 22.2% on a year-over-year basis. equities research analysts anticipate that Versum Materials will post 2.24 earnings per share for the current fiscal year.
In related news, Director Susan C. Schnabel purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average price of $34.64 per share, for a total transaction of $86,600.00. Following the completion of the acquisition, the director now owns 14,335 shares of the company’s stock, valued at approximately $496,564.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.49% of the company’s stock.
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Versum Materials Company Profile
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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