Several other analysts have also recently commented on the stock. Credit Suisse Group AG set a $33.00 price objective on shares of Versum Materials and gave the company a buy rating in a research note on Tuesday, February 14th. Jefferies Group LLC restated a hold rating and set a $31.00 price objective on shares of Versum Materials in a research note on Tuesday, February 14th. Goldman Sachs Group Inc began 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. Argus began coverage on shares of Versum Materials in a research note on Thursday, February 9th. They set a hold rating for the company. Finally, KeyCorp lifted 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. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Versum Materials has an average rating of Buy and a consensus target price of $30.44.
Shares of Versum Materials (NYSE:VSM) traded up 0.34% during mid-day trading on Friday, hitting $29.94. 197,093 shares of the stock were exchanged. The company has a market cap of $3.26 billion and a P/E ratio of 16.47. The stock’s 50-day moving average price is $29.63 and its 200-day moving average price is $26.49. Versum Materials has a 52-week low of $21.86 and a 52-week high of $31.31.
Versum Materials (NYSE:VSM) last released its earnings results on Monday, February 13th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The company earned $270.80 million during the quarter, compared to analyst estimates of $249.10 million. The company’s revenue was up 10.3% on a year-over-year basis. Equities research analysts anticipate that Versum Materials will post $1.76 earnings per share for the current fiscal year.
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In other news, Director Susan C. Schnabel bought 2,500 shares of the business’s stock in a transaction dated Wednesday, March 15th. The stock was purchased at an average cost of $30.14 per share, with a total value of $75,350.00. Following the acquisition, the director now directly owns 2,500 shares in the company, valued at $75,350. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.49% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of VSM. Franklin Resources Inc. raised its position in Versum Materials by 716.4% in the fourth quarter. Franklin Resources Inc. now owns 4,456,042 shares of the company’s stock valued at $125,081,000 after buying an additional 3,910,242 shares during the period. Iridian Asset Management LLC CT raised its stake in shares of Versum Materials by 11,950.8% in the fourth quarter. Iridian Asset Management LLC CT now owns 2,959,667 shares of the company’s stock valued at $83,078,000 after buying an additional 2,935,107 shares during the last quarter. State Street Corp bought a new stake in shares of Versum Materials during the fourth quarter valued at approximately $74,676,000. Systematic Financial Management LP bought a new stake in shares of Versum Materials during the fourth quarter valued at approximately $49,850,000. Finally, Gates Capital Management Inc. raised its stake in shares of Versum Materials by 117.9% in the fourth quarter. Gates Capital Management Inc. now owns 3,065,750 shares of the company’s stock valued at $86,056,000 after buying an additional 1,658,650 shares during the last quarter. 17.22% of the stock is owned by hedge funds and other institutional investors.
Versum Materials Company Profile
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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