Versum Materials Inc (VSM) Receives Consensus Recommendation of “Buy” from Brokerages

Versum Materials Inc (NYSE:VSM) has been assigned an average rating of “Buy” from the nine brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $47.00.

VSM has been the subject of several research reports. ValuEngine downgraded shares of Versum Materials from a “hold” rating to a “sell” rating in a research note on Thursday, October 11th. Zacks Investment Research downgraded shares of Versum Materials from a “hold” rating to a “sell” rating in a research note on Saturday, October 13th. Loop Capital set a $42.00 price objective on shares of Versum Materials and gave the company a “hold” rating in a research note on Friday, November 23rd. KeyCorp increased their price objective on shares of Versum Materials from $46.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, September 7th. Finally, Credit Suisse Group increased their price objective on shares of Versum Materials from $46.00 to $47.00 and gave the company an “outperform” rating in a research note on Wednesday, August 8th.

In other Versum Materials news, Director Seifi Ghasemi purchased 20,000 shares of the company’s stock in a transaction dated Monday, November 12th. The stock was purchased at an average price of $33.41 per share, with a total value of $668,200.00. Following the completion of the purchase, the director now owns 204,280 shares of the company’s stock, valued at $6,824,994.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Susan C. Schnabel purchased 2,500 shares of the company’s stock in a transaction dated Friday, November 9th. The shares were acquired at an average cost of $33.85 per share, with a total value of $84,625.00. Following the purchase, the director now directly owns 18,870 shares of the company’s stock, valued at approximately $638,749.50. The disclosure for this purchase can be found here. 0.55% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Versum Materials by 3.9% during the third quarter. Vanguard Group Inc. now owns 10,282,274 shares of the basic materials company’s stock valued at $370,264,000 after acquiring an additional 385,271 shares during the last quarter. BlackRock Inc. raised its stake in shares of Versum Materials by 1.2% during the second quarter. BlackRock Inc. now owns 10,009,996 shares of the basic materials company’s stock valued at $371,872,000 after acquiring an additional 120,849 shares during the last quarter. Iridian Asset Management LLC CT raised its stake in shares of Versum Materials by 10.2% during the second quarter. Iridian Asset Management LLC CT now owns 6,239,870 shares of the basic materials company’s stock valued at $231,811,000 after acquiring an additional 578,716 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Versum Materials by 20.4% during the third quarter. Franklin Resources Inc. now owns 5,716,804 shares of the basic materials company’s stock valued at $205,862,000 after acquiring an additional 966,999 shares during the last quarter. Finally, Boston Partners increased its position in shares of Versum Materials by 23.0% during the second quarter. Boston Partners now owns 4,584,931 shares of the basic materials company’s stock worth $170,330,000 after buying an additional 858,236 shares during the period. 91.94% of the stock is owned by hedge funds and other institutional investors.

NYSE:VSM traded down $1.63 on Thursday, hitting $33.97. The company had a trading volume of 451,008 shares, compared to its average volume of 518,583. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 1.07 and a beta of 1.09. The company has a debt-to-equity ratio of 4.59, a current ratio of 4.33 and a quick ratio of 3.39. Versum Materials has a 52 week low of $28.96 and a 52 week high of $41.35.

Versum Materials (NYSE:VSM) last issued its quarterly earnings data on Tuesday, November 6th. The basic materials company reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.03. The business had revenue of $350.80 million during the quarter, compared to the consensus estimate of $329.43 million. Versum Materials had a net margin of 14.39% and a return on equity of 185.48%. The firm’s revenue was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.47 EPS. As a group, analysts expect that Versum Materials will post 2.48 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 27th. Stockholders of record on Tuesday, November 13th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, November 9th. This represents a $0.32 annualized dividend and a dividend yield of 0.94%. This is an increase from Versum Materials’s previous quarterly dividend of $0.06. Versum Materials’s dividend payout ratio (DPR) is presently 13.62%.

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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Analyst Recommendations for Versum Materials (NYSE:VSM)

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