Research analysts at Aegis assumed coverage on shares of Versum Materials Inc (NYSE:VSM) in a report released on Friday. The brokerage set a “hold” rating and a $33.00 price target on the stock. Aegis’ price objective would indicate a potential upside of 10.00% from the stock’s current price.
Several other analysts have also recently issued reports on VSM. Zacks Investment Research raised shares of Versum Materials from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Wednesday, December 7th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $32.00 price objective (up from $28.00) on shares of Versum Materials in a research note on Friday, December 16th. KeyCorp boosted their price objective on shares of Versum Materials from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, January 23rd. Argus initiated coverage on shares of Versum Materials in a research note on Thursday, February 9th. They set a “hold” rating for the company. Finally, Goldman Sachs Group Inc initiated coverage on shares of Versum Materials in a research note on Friday, February 10th. They set a “neutral” rating and a $32.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $30.44.
Shares of Versum Materials (NYSE:VSM) opened at 30.00 on Friday. Versum Materials has a 52 week low of $21.86 and a 52 week high of $31.31. The stock has a 50 day moving average price of $29.63 and a 200 day moving average price of $26.49. The firm has a market capitalization of $3.26 billion and a PE ratio of 16.50.
Versum Materials (NYSE:VSM) last announced its quarterly earnings data on Monday, February 13th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.07. The company had revenue of $270.80 million for the quarter, compared to analysts’ expectations of $249.10 million. Versum Materials’s revenue was up 10.3% on a year-over-year basis. Equities analysts forecast that Versum Materials will post $1.76 earnings per share for the current fiscal year.
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In related news, Director Susan C. Schnabel acquired 2,500 shares of the stock in a transaction dated Wednesday, March 15th. The stock was bought at an average cost of $30.14 per share, with a total value of $75,350.00. Following the purchase, the director now directly owns 2,500 shares of the company’s stock, valued at $75,350. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.49% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in the stock. Strs Ohio bought a new stake in shares of Versum Materials during the third quarter valued at about $1,291,000. JPMorgan Chase & Co. bought a new stake in shares of Versum Materials during the third quarter valued at about $717,000. BlackRock Group LTD bought a new stake in shares of Versum Materials during the third quarter valued at about $4,729,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Versum Materials during the third quarter valued at about $243,000. Finally, DSAM Partners London Ltd bought a new stake in shares of Versum Materials during the third quarter valued at about $7,039,000. 17.22% of the stock is owned by institutional investors.
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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