Goldman Sachs Group Upgrades Versum Materials (VSM) to Neutral

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Versum Materials (NYSE:VSM) was upgraded by investment analysts at Goldman Sachs Group from a “sell” rating to a “neutral” rating in a report issued on Thursday, The Fly reports.

Other equities analysts also recently issued reports about the company. Zacks Investment Research downgraded Versum Materials from a “hold” rating to a “sell” rating in a research report on Friday, October 19th. Loop Capital raised Versum Materials from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Tuesday. Finally, ValuEngine downgraded Versum Materials from a “hold” rating to a “sell” rating in a research report on Thursday, October 11th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $45.57.

Shares of VSM stock traded down $0.75 during trading hours on Thursday, reaching $36.77. 1,796,553 shares of the company’s stock were exchanged, compared to its average volume of 1,404,283. The company has a market cap of $4.06 billion, a PE ratio of 15.65, a PEG ratio of 1.18 and a beta of 1.49. The company has a current ratio of 4.33, a quick ratio of 3.39 and a debt-to-equity ratio of 4.59. Versum Materials has a fifty-two week low of $25.02 and a fifty-two week high of $41.35.

Versum Materials (NYSE:VSM) last issued its quarterly earnings results on Tuesday, November 6th. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $350.80 million for the quarter, compared to the consensus estimate of $329.43 million. Versum Materials had a return on equity of 185.48% and a net margin of 14.39%. The business’s quarterly revenue was up 19.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.47 earnings per share. On average, equities analysts forecast that Versum Materials will post 2.43 earnings per share for the current year.

In related news, Director Thomas Riordan acquired 6,000 shares of the company’s stock in a transaction dated Wednesday, December 12th. The shares were purchased at an average cost of $29.03 per share, with a total value of $174,180.00. Following the completion of the acquisition, the director now directly owns 20,005 shares of the company’s stock, valued at $580,745.15. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Susan C. Schnabel acquired 2,500 shares of the company’s stock in a transaction dated Friday, November 9th. The shares were bought at an average cost of $33.85 per share, for a total transaction of $84,625.00. Following the completion of the acquisition, the director now directly owns 18,870 shares of the company’s stock, valued at $638,749.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 30,500 shares of company stock worth $989,765. Insiders own 0.61% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in VSM. Franklin Resources Inc. grew its holdings 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 buying an additional 966,999 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Versum Materials by 53.1% during the third quarter. Victory Capital Management Inc. now owns 1,310,884 shares of the basic materials company’s stock valued at $47,206,000 after buying an additional 454,870 shares during the last quarter. Vanguard Group Inc grew its holdings 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 buying an additional 385,271 shares during the last quarter. Vanguard Group Inc. grew its holdings 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 buying an additional 385,271 shares during the last quarter. Finally, Mesirow Financial Investment Management Equity Management purchased a new stake in shares of Versum Materials during the third quarter valued at $12,473,000. 91.61% of the stock is currently owned by hedge funds and other 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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Analyst Recommendations for Versum Materials (NYSE:VSM)

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