Versum Materials Inc. (NYSE:VSM)‘s stock had its “overweight” rating restated by stock analysts at KeyCorp in a report issued on Friday. They currently have a $4.00 price objective on the basic materials company’s stock, down from their previous price objective of $41.00. KeyCorp’s price target would indicate a potential downside of 89.76% from the company’s previous close. KeyCorp also issued estimates for Versum Materials’ Q1 2018 earnings at $0.52 EPS, Q2 2018 earnings at $0.49 EPS, Q3 2018 earnings at $0.56 EPS and Q4 2018 earnings at $0.53 EPS.
A number of other brokerages have also issued reports on VSM. ValuEngine lowered shares of Versum Materials from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Jefferies Group LLC reissued a “hold” rating and issued a $38.00 price objective (up previously from $34.00) on shares of Versum Materials in a report on Wednesday, August 2nd. Zacks Investment Research raised shares of Versum Materials from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Wednesday, August 2nd. Loop Capital assumed coverage on shares of Versum Materials in a report on Thursday, September 28th. They issued a “buy” rating and a $47.00 price objective for the company. Finally, Stifel Nicolaus assumed coverage on shares of Versum Materials in a report on Wednesday, September 20th. They issued a “hold” rating and a $42.00 price objective for the company. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $36.90.
Shares of Versum Materials (NYSE:VSM) opened at $39.07 on Friday. Versum Materials has a 1-year low of $23.06 and a 1-year high of $42.74. The stock has a market cap of $4,250.66, a price-to-earnings ratio of 20.56, a PEG ratio of 1.68 and a beta of 1.62. The company has a current ratio of 3.84, a quick ratio of 3.34 and a debt-to-equity ratio of 39.72.
Versum Materials (NYSE:VSM) last released its earnings results on Thursday, November 9th. The basic materials company reported $0.47 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.47. Versum Materials had a net margin of 17.13% and a negative return on equity of 457.02%. The business had revenue of $294.50 million during the quarter, compared to analyst estimates of $281.39 million. During the same quarter in the prior year, the firm earned $0.44 earnings per share. The company’s revenue for the quarter was up 18.6% compared to the same quarter last year. equities research analysts forecast that Versum Materials will post 2.1 EPS for the current fiscal year.
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Several institutional investors and hedge funds have recently modified their holdings of VSM. OppenheimerFunds Inc. acquired a new stake in shares of Versum Materials during the first quarter worth about $254,000. Wellington Management Group LLP lifted its position in shares of Versum Materials by 17.5% during the first quarter. Wellington Management Group LLP now owns 66,347 shares of the basic materials company’s stock worth $2,030,000 after purchasing an additional 9,902 shares in the last quarter. FMR LLC lifted its position in shares of Versum Materials by 27.7% during the first quarter. FMR LLC now owns 224,634 shares of the basic materials company’s stock worth $6,874,000 after purchasing an additional 48,724 shares in the last quarter. Teachers Advisors LLC lifted its position in shares of Versum Materials by 2.4% during the first quarter. Teachers Advisors LLC now owns 93,321 shares of the basic materials company’s stock worth $2,856,000 after purchasing an additional 2,201 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Versum Materials by 139.5% during the first quarter. Dimensional Fund Advisors LP now owns 464,150 shares of the basic materials company’s stock worth $14,203,000 after purchasing an additional 270,327 shares in the last quarter. 90.27% of the stock is currently owned by institutional investors and hedge funds.
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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