Versum Materials Inc. (VSM) Rating Reiterated by KeyCorp

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.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another publication, it was illegally copied and republished in violation of U.S. & international copyright law. The original version of this report can be read at https://www.dispatchtribunal.com/2017/11/12/versum-materials-inc-vsm-rating-reiterated-by-keycorp.html.

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.

Analyst Recommendations for Versum Materials (NYSE:VSM)

Receive News & Ratings for Versum Materials Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Versum Materials Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply