Element Solutions (NYSE:ESI) Stock Rating Upgraded by StockNews.com

Element Solutions (NYSE:ESI) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

Several other equities analysts also recently weighed in on ESI. BMO Capital Markets reissued an “outperform” rating and set a $30.00 target price (up previously from $28.00) on shares of Element Solutions in a research report on Wednesday, June 12th. Mizuho raised their target price on shares of Element Solutions from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. UBS Group lifted their price target on shares of Element Solutions from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Finally, The Goldman Sachs Group increased their price objective on shares of Element Solutions from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, June 27th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.40.

Element Solutions Price Performance

Shares of NYSE ESI traded down $0.80 during midday trading on Thursday, reaching $26.15. 1,342,285 shares of the stock traded hands, compared to its average volume of 1,408,029. The company’s 50 day moving average is $26.27 and its 200 day moving average is $24.59. Element Solutions has a one year low of $17.57 and a one year high of $28.68. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.50 and a quick ratio of 2.69. The stock has a market capitalization of $6.33 billion, a PE ratio of 48.42, a P/E/G ratio of 1.27 and a beta of 1.31.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Monday, July 29th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. Element Solutions had a net margin of 8.24% and a return on equity of 14.42%. The business had revenue of $613.00 million during the quarter, compared to analyst estimates of $606.95 million. During the same quarter last year, the business earned $0.31 earnings per share. Element Solutions’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, equities research analysts anticipate that Element Solutions will post 1.43 earnings per share for the current year.

Institutional Investors Weigh In On Element Solutions

Hedge funds have recently made changes to their positions in the company. Signaturefd LLC lifted its position in shares of Element Solutions by 13.8% in the 2nd quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock worth $100,000 after purchasing an additional 448 shares during the period. Handelsbanken Fonder AB increased its holdings in shares of Element Solutions by 1.5% in the 4th quarter. Handelsbanken Fonder AB now owns 34,115 shares of the company’s stock valued at $789,000 after acquiring an additional 500 shares during the period. Avantax Advisory Services Inc. increased its holdings in shares of Element Solutions by 4.0% in the 4th quarter. Avantax Advisory Services Inc. now owns 15,721 shares of the company’s stock valued at $364,000 after acquiring an additional 598 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Element Solutions by 51.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,002 shares of the company’s stock worth $46,000 after acquiring an additional 684 shares in the last quarter. Finally, AIA Group Ltd lifted its stake in shares of Element Solutions by 3.4% during the 4th quarter. AIA Group Ltd now owns 22,586 shares of the company’s stock worth $523,000 after purchasing an additional 744 shares during the last quarter. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

Element Solutions Company Profile

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.