Shares of Versum Materials Inc (NYSE:VSM) have earned a consensus recommendation of “Hold” from the ten research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $46.50.
VSM has been the subject of several research reports. Argus lowered shares of Versum Materials from a “buy” rating to a “hold” rating in a research report on Monday, March 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $400.00 target price on shares of Netflix in a research report on Monday, April 8th. Loop Capital cut their target price on shares of J B Hunt Transport Services to $133.00 and set a “buy” rating for the company in a research report on Tuesday, April 16th. Finally, Zacks Investment Research upgraded shares of Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Saturday.
Shares of Versum Materials stock traded down $0.01 during mid-day trading on Friday, hitting $51.71. 48,640 shares of the stock were exchanged, compared to its average volume of 729,815. The company has a quick ratio of 4.03, a current ratio of 5.27 and a debt-to-equity ratio of 3.18. The stock has a market capitalization of $5.66 billion, a P/E ratio of 22.00 and a beta of 1.67. The firm’s 50-day moving average is $51.54. Versum Materials has a 12 month low of $25.02 and a 12 month high of $52.58.
Versum Materials (NYSE:VSM) last released its quarterly earnings results on Tuesday, May 7th. The basic materials company reported $0.57 EPS for the quarter, meeting analysts’ consensus estimates of $0.57. Versum Materials had a net margin of 16.74% and a return on equity of 109.04%. The firm had revenue of $326.20 million during the quarter, compared to analyst estimates of $340.56 million. During the same period in the previous year, the business earned $0.59 EPS. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, research analysts predict that Versum Materials will post 2.35 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Versum Materials by 1.1% in the first quarter. BlackRock Inc. now owns 9,829,308 shares of the basic materials company’s stock worth $494,512,000 after purchasing an additional 109,803 shares during the period. Gates Capital Management Inc. grew its holdings in Versum Materials by 3.6% in the fourth quarter. Gates Capital Management Inc. now owns 2,427,530 shares of the basic materials company’s stock worth $67,291,000 after purchasing an additional 83,721 shares during the period. Shapiro Capital Management LLC grew its holdings in Versum Materials by 1.2% in the fourth quarter. Shapiro Capital Management LLC now owns 2,328,448 shares of the basic materials company’s stock worth $64,545,000 after purchasing an additional 27,180 shares during the period. D. E. Shaw & Co. Inc. grew its holdings in Versum Materials by 8.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,073,306 shares of the basic materials company’s stock worth $57,472,000 after purchasing an additional 162,893 shares during the period. Finally, CNH Partners LLC purchased a new stake in Versum Materials in the first quarter worth about $89,312,000. 90.87% of the stock is owned by institutional investors.
About Versum Materials
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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