Media coverage about Versum Materials (NYSE:VSM) has trended somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Versum Materials earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news stories about the basic materials company an impact score of 47.2918762947988 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
A number of brokerages have recently issued reports on VSM. Zacks Investment Research cut shares of Versum Materials from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Jefferies Group reaffirmed a “neutral” rating on shares of Versum Materials in a report on Tuesday, November 28th. KeyCorp reaffirmed an “overweight” rating and issued a $4.00 target price (down from $41.00) on shares of Versum Materials in a report on Friday, November 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 target price (up from $41.00) on shares of Versum Materials in a report on Friday, November 10th. Finally, Loop Capital cut shares of Versum Materials from a “buy” rating to a “hold” rating and set a $42.00 target price on the stock. in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $37.25.
Versum Materials (VSM) traded up $0.26 during trading on Thursday, reaching $36.89. 1,124,368 shares of the company’s stock traded hands, compared to its average volume of 590,671. The company has a market cap of $4,016.42, a PE ratio of 25.10, a P/E/G ratio of 1.52 and a beta of 0.07. The company has a debt-to-equity ratio of 16.37, a quick ratio of 3.08 and a current ratio of 4.13. Versum Materials has a 52-week low of $28.70 and a 52-week high of $42.74.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, February 12th. This represents a $0.20 annualized dividend and a yield of 0.54%. Versum Materials’s dividend payout ratio is currently 13.61%.
In related news, Director Susan C. Schnabel purchased 2,500 shares of the stock in a transaction on Friday, February 9th. The shares were purchased at an average cost of $34.64 per share, with a total value of $86,600.00. Following the acquisition, the director now directly owns 14,335 shares in the company, valued at $496,564.40. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.49% of the stock is owned by corporate insiders.
About Versum Materials
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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