Element Solutions (NYSE:ESI) Rating Increased to Buy at StockNews.com

by · The Cerbat Gem

Element Solutions (NYSE:ESI – Get Free Report) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

A number of other analysts also recently issued reports on the stock. Mizuho boosted their target price on Element Solutions from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. The Goldman Sachs Group lifted their price objective on shares of Element Solutions from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, June 27th. UBS Group upped their target price on Element Solutions from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $30.00 price objective (up from $28.00) on shares of Element Solutions in a research note on Wednesday, June 12th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Element Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $29.40.

Check Out Our Latest Analysis on Element Solutions

Element Solutions Trading Down 0.5 %

ESI opened at $25.99 on Tuesday. The company has a 50-day simple moving average of $25.85 and a 200 day simple moving average of $25.31. The stock has a market capitalization of $6.29 billion, a price-to-earnings ratio of 48.13, a P/E/G ratio of 1.37 and a beta of 1.29. Element Solutions has a twelve month low of $17.57 and a twelve month high of $28.68. The company has a quick ratio of 2.60, a current ratio of 3.50 and a debt-to-equity ratio of 0.80.

Element Solutions (NYSE:ESI – Get Free Report) last issued its quarterly earnings results on Monday, July 29th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $613.00 million for the quarter, compared to the consensus estimate of $606.95 million. Element Solutions had a net margin of 8.24% and a return on equity of 14.42%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.31 EPS. Analysts predict that Element Solutions will post 1.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Element Solutions

Large investors have recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in shares of Element Solutions by 69.2% in the fourth quarter. Principal Financial Group Inc. now owns 29,674 shares of the company’s stock valued at $687,000 after purchasing an additional 12,138 shares during the period. Assetmark Inc. grew its stake in shares of Element Solutions by 1,585.0% during the 4th quarter. Assetmark Inc. now owns 2,022 shares of the company’s stock worth $47,000 after purchasing an additional 1,902 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Element Solutions by 51.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,002 shares of the company’s stock worth $46,000 after acquiring an additional 684 shares during the period. Treasurer of the State of North Carolina raised its holdings in Element Solutions by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 98,981 shares of the company’s stock worth $2,290,000 after purchasing an additional 960 shares during the period. Finally, TFO Wealth Partners LLC increased its holdings in Element Solutions by 116,142.9% in the 4th quarter. TFO Wealth Partners LLC now owns 8,137 shares of the company’s stock worth $188,000 after acquiring an additional 8,130 shares in the last quarter. 92.32% of the stock is owned by hedge funds and other institutional investors.

About Element Solutions

(Get Free Report)

Element Solutions Inc operates as a specialty chemicals company in the United States, China, and internationally. The company operates in two segments, Electronics, and Industrial & Specialty. The Electronics segment researches, formulates, and sells specialty chemicals and materials for various types of electronics hardware products.

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