Versum Materials (NYSE:VSM) Stock Rating Upgraded by Zacks Investment Research

Versum Materials (NYSE:VSM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Saturday, Zacks.com reports.

According to Zacks, “Versum Materials, Inc. is an electronic materials supplier to the semiconductor industry. The company’s primary business segment consists of Materials and Delivery Systems and Services. It provides specialty process gas, cleaners and etchants, slurries, organosilanes and organometallics deposition films and equipment. Versum Materials, Inc. is headquartered in Tempe, Arizona. “

Several other research analysts have also weighed in on VSM. Argus lowered shares of Versum Materials from a “buy” rating to a “hold” rating in a report on Monday, March 25th. Loop Capital decreased their price objective on shares of J B Hunt Transport Services to $133.00 and set a “buy” rating for the company in a report on Tuesday, April 16th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $400.00 price objective on shares of Netflix in a report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $46.60.

VSM stock remained flat at $$51.78 during mid-day trading on Friday. 205,492 shares of the company’s stock traded hands, compared to its average volume of 762,454. The firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of 22.03 and a beta of 1.67. The company has a current ratio of 5.27, a quick ratio of 4.03 and a debt-to-equity ratio of 3.18. Versum Materials has a 52 week low of $25.02 and a 52 week high of $52.58. The business’s fifty day moving average is $51.51.

Versum Materials (NYSE:VSM) last announced its quarterly earnings data on Tuesday, May 7th. The basic materials company reported $0.57 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.57. The company had revenue of $326.20 million during the quarter, compared to analyst estimates of $340.56 million. Versum Materials had a net margin of 16.74% and a return on equity of 109.04%. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period last year, the business earned $0.59 EPS. Equities research analysts predict that Versum Materials will post 2.35 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in VSM. Royal London Asset Management Ltd. bought a new position in shares of Versum Materials in the 1st quarter worth about $30,000. Reilly Financial Advisors LLC lifted its position in shares of Versum Materials by 1,300.0% in the 1st quarter. Reilly Financial Advisors LLC now owns 700 shares of the basic materials company’s stock worth $35,000 after buying an additional 650 shares during the last quarter. Fort L.P. bought a new position in shares of Versum Materials in the 4th quarter worth about $48,000. Heritage Wealth Advisors lifted its position in shares of Versum Materials by 20.0% in the 1st quarter. Heritage Wealth Advisors now owns 1,200 shares of the basic materials company’s stock worth $60,000 after buying an additional 200 shares during the last quarter. Finally, NumerixS Investment Technologies Inc bought a new position in shares of Versum Materials in the 4th quarter worth about $62,000. 90.87% of the stock is owned by institutional investors.

Versum Materials Company Profile

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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