Mizuho Forecasts Strong Price Appreciation for Element Solutions (NYSE:ESI) Stock

Element Solutions (NYSE:ESI) had its price objective boosted by stock analysts at Mizuho from $29.00 to $35.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s target price points to a potential upside of 8.21% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Truist Financial increased their target price on shares of Element Solutions from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Bank of America upped their price objective on shares of Element Solutions from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. KeyCorp raised their target price on shares of Element Solutions from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. BMO Capital Markets downgraded shares of Element Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Element Solutions in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.25.

Element Solutions Stock Down 0.0%

NYSE ESI opened at $32.35 on Wednesday. The business has a fifty day moving average price of $28.17 and a two-hundred day moving average price of $26.58. The stock has a market capitalization of $7.83 billion, a PE ratio of 32.67, a PEG ratio of 1.37 and a beta of 1.28. Element Solutions has a fifty-two week low of $16.77 and a fifty-two week high of $33.34. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.05 and a quick ratio of 3.28.

Element Solutions (NYSE:ESI) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $676.20 million during the quarter, compared to analysts’ expectations of $632.40 million. Element Solutions had a return on equity of 14.01% and a net margin of 9.58%.Element Solutions’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.35 EPS. Equities analysts expect that Element Solutions will post 1.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Element Solutions news, insider Matthew Liebowitz sold 37,000 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $26.60, for a total value of $984,200.00. Following the sale, the insider owned 117,393 shares in the company, valued at approximately $3,122,653.80. The trade was a 23.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 6.90% of the company’s stock.

Institutional Trading of Element Solutions

Several institutional investors have recently added to or reduced their stakes in the stock. Elevation Point Wealth Partners LLC bought a new position in Element Solutions during the 2nd quarter worth approximately $26,000. Farther Finance Advisors LLC increased its position in shares of Element Solutions by 154.8% during the third quarter. Farther Finance Advisors LLC now owns 1,116 shares of the company’s stock worth $28,000 after buying an additional 678 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Element Solutions during the fourth quarter worth $28,000. First Horizon Advisors Inc. raised its stake in Element Solutions by 710.1% during the second quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock worth $29,000 after buying an additional 1,129 shares during the last quarter. Finally, Community Bank N.A. acquired a new position in Element Solutions in the third quarter valued at $33,000. 92.32% of the stock is currently owned by institutional investors.

About Element Solutions

Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.