Element Solutions (NYSE:ESI) Raised to “Strong-Buy” at Barclays

Element Solutions (NYSE:ESI) was upgraded by Barclays to a “strong-buy” rating in a report released on Monday, Zacks reports.

Several other research analysts have also recently commented on ESI. Bank of America assumed coverage on Element Solutions in a research report on Tuesday, September 1st. They issued a “buy” rating and a $42.00 target price for the company. Wolfe Research set a $47.00 price target on shares of Element Solutions in a report on Wednesday, July 29th. Truist Financial increased their price objective on shares of Element Solutions from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Weiss Ratings downgraded shares of Element Solutions from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, September 10th. Finally, Freedom Capital upgraded shares of Element Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 28th. Four research 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $46.18.

Element Solutions Trading Down 3.7%

Shares of Element Solutions stock opened at $35.84 on Monday. The company’s fifty day simple moving average is $35.88 and its 200-day simple moving average is $38.85. The company has a market cap of $8.73 billion, a price-to-earnings ratio of 48.43, a PEG ratio of 1.38 and a beta of 1.26. The company has a current ratio of 2.91, a quick ratio of 2.11 and a debt-to-equity ratio of 0.73. Element Solutions has a 1 year low of $22.86 and a 1 year high of $49.25.

Element Solutions (NYSE:ESI) last announced its quarterly earnings data on Monday, July 27th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. The company had revenue of $977.90 million during the quarter, compared to the consensus estimate of $873.19 million. Element Solutions had a return on equity of 14.88% and a net margin of 5.67%. The company’s quarterly revenue was up 56.4% on a year-over-year basis. During the same quarter last year, the company earned $0.20 EPS. As a group, sell-side analysts expect that Element Solutions will post 1.81 EPS for the current year.

Institutional Trading of Element Solutions

Institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC boosted its position in Element Solutions by 45.2% in the fourth quarter. Hsbc Holdings PLC now owns 189,883 shares of the company’s stock valued at $4,767,000 after buying an additional 59,154 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Element Solutions in the 2nd quarter worth approximately $8,363,000. Man Group plc bought a new stake in Element Solutions during the 2nd quarter worth approximately $1,422,000. Cookson Peirce & Co. Inc. grew its position in Element Solutions by 671.7% during the 2nd quarter. Cookson Peirce & Co. Inc. now owns 335,149 shares of the company’s stock worth $16,003,000 after acquiring an additional 291,718 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new stake in Element Solutions during the 2nd quarter worth approximately $2,205,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Company Profile

Element Solutions Inc (NYSE: ESI) is a specialty chemicals company that develops and manufactures products used in electronics, industrial processes, and other specialized applications. Its materials and process solutions are designed to improve manufacturing performance, product reliability, and surface protection across a range of end markets.

The company’s Electronics segment supplies chemicals, materials, and equipment used in printed circuit board fabrication, semiconductor packaging, and other electronic component manufacturing.