Versum Materials (VSM): Credit Suisse Reiterates “Outperform” Rating Today, Has a Target of $47/Share

August 9, 2018 - By Catherine Diaz

Versum Materials (VSM) Rating Reaffirmed

They currently have a $47 target on Versum Materials (VSM). The target price by Credit Suisse would suggest a potential upside of 23.25 % from the company’s last stock price. This has been disclosed to clients in analysts note on 8 August.

Versum Materials, Inc. (NYSE:VSM) Ratings Coverage

Among 3 analysts covering Versum Materials (VSM), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Versum Materials has $47 highest and $46 lowest target. $47’s average target is 23.25% above currents $38.135 stock price. Versum Materials had 4 analyst reports since March 26, 2018 according to SRatingsIntel. Credit Suisse maintained the shares of VSM in report on Wednesday, August 8 with “Outperform” rating. On Monday, March 26 the stock rating was upgraded by Jefferies to “Buy”. The stock of Versum Materials, Inc. (NYSE:VSM) has “Buy” rating given on Monday, May 14 by Argus Research. The rating was maintained by Credit Suisse with “Outperform” on Wednesday, May 9.

The stock increased 0.07% or $0.025 during the last trading session, reaching $38.135. About 101,571 shares traded. Versum Materials, Inc. (VSM) has risen 24.49% since August 9, 2017 and is uptrending. It has outperformed by 11.92% the S&P500.

Versum Materials, Inc. develops, manufactures, transports, and handles specialty materials to the semiconductor and display industries in the United States, Taiwan, South Korea, China, Europe, and rest of Asia. The company has market cap of $4.16 billion. It operates in two divisions, Materials, and Delivery Systems and Services . It has a 22.3 P/E ratio. The Materials segment provides specialty chemicals and materials used in semiconductors, as well as specialty gases used in the semiconductor manufacturing process, including high purity process materials for deposition, metallization, and chamber cleaning and etching; chemicals mechanical planarization slurries; organosilanes; organometallics and liquid dopants for thin film deposition; and formulated chemical products for post-etch cleaning primarily for the manufacture of silicon and compound semiconductors, and thin film transistor liquid crystal displays.

More news for Versum Materials, Inc. (NYSE:VSM) were recently published by: Businesswire.com, which released: “Versum Materials to Host Third Quarter Fiscal 2018 Earnings Conference Call and Webcast on Tuesday, August 7 …” on July 18, 2018. Streetinsider.com‘s article titled: “Versum Materials (VSM) Declares $0.06 Quarterly Dividend; 0.6% Yield” and published on July 11, 2018 is yet another important article.

Versum Materials, Inc. (NYSE:VSM) Ratings Chart

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