Versum Materials Inc (NYSE:VSM) has been assigned a consensus rating of “Hold” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $44.33.

Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Versum Materials from a “hold” rating to a “sell” rating in a research note on Thursday. Credit Suisse Group lowered shares of Versum Materials from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 28th. Loop Capital lowered shares of Versum Materials from a “buy” rating to a “hold” rating in a research note on Thursday, February 28th. KeyCorp lifted their price target on shares of Versum Materials from $44.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, February 28th. Finally, Seaport Global Securities lowered shares of Versum Materials from a “buy” rating to a “neutral” rating in a research note on Thursday, February 28th.

NYSE:VSM traded up $0.37 during midday trading on Friday, hitting $49.40. 981,917 shares of the company were exchanged, compared to its average volume of 2,069,829. Versum Materials has a fifty-two week low of $25.02 and a fifty-two week high of $49.48. The company has a debt-to-equity ratio of 3.65, a current ratio of 4.82 and a quick ratio of 3.74. The firm has a market capitalization of $5.37 billion, a P/E ratio of 21.02 and a beta of 2.12.

Versum Materials (NYSE:VSM) last announced its quarterly earnings results on Monday, February 4th. The basic materials company reported $0.55 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.55. Versum Materials had a net margin of 17.37% and a return on equity of 135.80%. The firm had revenue of $339.50 million for the quarter, compared to analyst estimates of $339.69 million. During the same period last year, the business earned $0.54 EPS. Versum Materials’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Versum Materials will post 2.37 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 26th. Shareholders of record on Tuesday, February 12th were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, February 11th. This represents a $0.32 dividend on an annualized basis and a yield of 0.65%. Versum Materials’s dividend payout ratio is presently 13.62%.

A number of hedge funds and other institutional investors have recently bought and sold shares of VSM. Oregon Public Employees Retirement Fund increased its stake in Versum Materials by 2,706.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,206,818 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 1,163,813 shares during the period. Norges Bank acquired a new position in Versum Materials in the fourth quarter valued at $29,949,000. Millennium Management LLC increased its stake in Versum Materials by 858.5% in the fourth quarter. Millennium Management LLC now owns 1,173,995 shares of the basic materials company’s stock valued at $32,543,000 after purchasing an additional 1,051,511 shares during the period. Franklin Resources Inc. increased its stake in Versum Materials by 20.4% in 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 purchasing an additional 966,999 shares during the period. Finally, Boston Partners increased its stake in Versum Materials by 14.1% in the fourth quarter. Boston Partners now owns 5,764,801 shares of the basic materials company’s stock valued at $159,800,000 after purchasing an additional 710,352 shares during the period. Institutional investors own 91.59% of the company’s stock.

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).

See Also: Hedge Funds

Analyst Recommendations for Versum Materials (NYSE:VSM)

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