Oppenheimer Reiterates a Buy Rating on Versum Materials

By Jason Carr

In a report released today, Ian Zaffino from Oppenheimer reiterated a Buy rating on Versum Materials (NYSE: VSM). The company’s shares closed yesterday at $24.46.

According to TipRanks.com, Zaffino is a 5-star analyst with an average return of 6.3% and a 62.6% success rate. Zaffino covers the Services sector, focusing on stocks such as Macquarie Infrastructure Company, Bristow Group Inc, and Scholastic Corp.

Versum Materials has an analyst consensus of Moderate Buy, with a price target consensus of $26.

The company has a one year high of $28 and a one year low of $21.86. Currently, Versum Materials has an average volume of 2.36M.

Versum Materials, Inc. provides innovative solutions for specific customer applications within niche markets. It also provides solutions to global industries through chemical synthesis, analytical technology, process engineering, and surface science. The company engages in two business segments: Electronic Materials and Performance Materials. The Electronic Materials segment produces critical materials, including high purity process materials, cleaners and etchants, slurries, organosilanes and organometallics, and equipment. The Performance Materials segment produces additives products such as epoxy curing agents, accelerators and catalysts, polyurethane catalysts, wetting agents, defoamers, and dispersants agents used across a wide variety of industries. Versum Materials was founded on November 17, 2015 and is headquartered in Allentown, PA.