Mizuho Boosts Element Solutions (NYSE:ESI) Price Target to $54.00

Element Solutions (NYSE:ESI) had its price target upped by analysts at Mizuho from $47.00 to $54.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s target price points to a potential upside of 12.81% from the company’s current price.

Several other research firms have also weighed in on ESI. Wall Street Zen raised Element Solutions from a “hold” rating to a “buy” rating in a research report on Monday, April 20th. BMO Capital Markets restated an “outperform” rating on shares of Element Solutions in a research report on Wednesday, May 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Element Solutions in a research note on Tuesday, May 19th. UBS Group lifted their target price on Element Solutions to $52.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Seaport Research Partners reissued a “buy” rating and issued a $49.00 price target on shares of Element Solutions in a research note on Tuesday, May 5th. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $42.29.

Element Solutions Trading Up 3.4%

ESI opened at $47.87 on Wednesday. Element Solutions has a twelve month low of $22.44 and a twelve month high of $49.25. The company has a fifty day moving average of $42.72 and a 200-day moving average of $35.16. The stock has a market cap of $11.66 billion, a PE ratio of 77.20, a price-to-earnings-growth ratio of 1.62 and a beta of 1.25. The company has a quick ratio of 1.91, a current ratio of 2.68 and a debt-to-equity ratio of 0.75.

Element Solutions (NYSE:ESI) last released its earnings results on Tuesday, April 28th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.03. The business had revenue of $840.00 million for the quarter, compared to analyst estimates of $710.51 million. Element Solutions had a net margin of 5.32% and a return on equity of 14.19%. Element Solutions’s revenue for the quarter was up 41.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 earnings per share. On average, sell-side analysts predict that Element Solutions will post 1.78 EPS for the current year.

Institutional Investors Weigh In On Element Solutions

Several hedge funds and other institutional investors have recently modified their holdings of ESI. T. Rowe Price Investment Management Inc. raised its position in shares of Element Solutions by 13.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 11,119,999 shares of the company’s stock worth $277,889,000 after purchasing an additional 1,298,273 shares during the period. Dimensional Fund Advisors LP grew its position in Element Solutions by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,485,342 shares of the company’s stock valued at $212,053,000 after purchasing an additional 228,416 shares during the period. State Street Corp grew its position in Element Solutions by 1.2% in the 4th quarter. State Street Corp now owns 7,161,586 shares of the company’s stock valued at $178,968,000 after purchasing an additional 83,033 shares during the period. Invesco Ltd. increased its stake in Element Solutions by 43.6% during the 4th quarter. Invesco Ltd. now owns 7,069,238 shares of the company’s stock valued at $176,660,000 after purchasing an additional 2,146,512 shares in the last quarter. Finally, FIL Ltd raised its holdings in Element Solutions by 13.9% during the fourth quarter. FIL Ltd now owns 5,089,359 shares of the company’s stock worth $127,183,000 after buying an additional 621,448 shares during the last quarter. Institutional investors own 92.32% of the company’s stock.

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.