The shares of Versum Materials, Inc. (NYSE:VSM) has been pegged with a rating of Buy by Loop Capital in its latest research note that was published on April 3rd, 2019. Loop Capital wasn’t the only research firm that published a report of Versum Materials, Inc., with other equities research analysts also giving their opinion on the stock. Argus advised investors in its research note published on March 25th, 2019, to Hold the VSM stock. The stock had earned Hold rating from Jefferies when it published its report on March 4th, 2019. That day the Jefferies set price target on the stock to $47. The stock was given Neutral rating by Seaport Global Securities in its report released on March 1st, 2019. Loop Capital was of a view that VSM is Hold in its latest report on February 28th, 2019. Credit Suisse thinks that VSM is worth Neutral rating. This was contained in the firm’s report on February 28th, 2019.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 6 believe it has the potential for further growth, thus rating it as Hold while 1 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $48.67. The price of the stock the last time has raised by 107.83% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 84.38.
The shares of the company added by 0.17% during the trading session on Friday, reaching a low of $51.90 while ending the day at $52.00. During the trading session, a total of 5.49 million shares were traded which represents a -153.97% decline from the average session volume which is 2.16M shares. VSM had ended its last session trading at 51.91. Versum Materials, Inc. currently has a market cap of $5.66B, while its P/E ratio stands at 23.55, while its P/E earnings growth sits at 4.09. Versum Materials, Inc. debt-to-equity ratio currently stands at 4.24, while its quick ratio hovers at 3.70. VSM 52-week low price stands at $25.02 while its 52-week high price is $51.99.
The company in its last quarterly report recorded $0.55 earnings per share which is below the $0.55 predicted by most analysts. The Versum Materials, Inc. generated $339.50 million in revenue during the last quarter, which is slightly lower than the $341.63 million predicted by analysts. In the second quarter last year, the firm recorded $0.60 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -9.09%. Versum Materials, Inc. has the potential to record 2.21 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Tudor Pickering published a research note on February 1st, 2019 where it informed investors and clients that CNX Resources Corporation (NYSE:CNX) is now rated as Hold. Argus also rated CNX as Downgrade on March 25th, 2019, with its price target of suggesting that CNX could surge by 32.12% from its current share price. Even though the stock has been trading at $10.51/share, analysts expect it to surge higher by 0.76% to reach $15.60/share. It started the day trading at $10.98 and traded between $10.47 and $10.59 throughout the trading session.
A look at its technical shows that CNX’s 50-day SMA is 10.54 while its 200-day SMA stands at 13.57. The stock has a high of $18.37 for the year while the low is $9.58. The company’s P/E ratio currently sits at 2.91, while the P/B ratio is 0.49. At the moment, only of CNX Resources Corporation shares were sold short. The company’s average trading volume currently stands at 3.35M shares, which means that the short-interest ratio is just 5.53 days. Over the past seven days, the company moved, with its shift of -2.49%. Looking further, the stock has dropped -15.82% over the past 90 days while it lost -25.21% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Southeastern Asset Management In sold more CNX shares, decreasing its portfolio by -2.55% during the last quarter. This move now sees Southeastern Asset Management In selling -1,283,977 shares in the last quarter, thus it now holds 49,021,695 shares of CNX, with a total valuation of $527,963,655. BlackRock Fund Advisors meanwhile bought more CNX shares in the recently filed quarter, changing its stake to $184,883,151 worth of shares. Dimensional Fund Advisors LP followed the path by increasing its CNX portfolio by +1.24% in the quarter. This means that Dimensional Fund Advisors LP bought 192,424 shares in the last quarter and now controls 15,751,720 shares of the CNX stock, with the valuation hitting $169,646,024.
Similarly, SSgA Funds Management Inc decreased its CNX Resources Corporation shares by -5.82% during the recently filed quarter. After selling -568,788 shares in the last quarter, the firm now controls 9,201,034 shares of CNX Resources Corporation which are valued at $99,095,136. In the same vein, Key Group Holdings increased its CNX Resources Corporation shares by during the most recent reported quarter. The firm bought 1,623,478 shares during the quarter which increased its stakes to 8,412,778 shares and is now valued at $90,605,619. Following these latest developments, around 1.10% of CNX Resources Corporation stocks are owned by institutional investors and hedge funds.