Element Solutions (NYSE:ESI – Get Free Report) had its target price hoisted by Barclays from $30.00 to $32.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target suggests a potential upside of 14.57% from the company’s previous close.
Other analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Wolfe Research raised Element Solutions from a “peer perform” rating to an “outperform” rating in a research report on Friday, October 25th. BMO Capital Markets upped their target price on Element Solutions from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Seaport Res Ptn upgraded Element Solutions to a “strong-buy” rating in a research note on Monday, October 14th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $31.00.
Check Out Our Latest Analysis on Element Solutions
Element Solutions Price Performance
Element Solutions (NYSE:ESI – Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $645.00 million during the quarter, compared to analyst estimates of $626.52 million. Element Solutions had a return on equity of 14.42% and a net margin of 8.24%. Element Solutions’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $0.36 EPS. On average, analysts predict that Element Solutions will post 1.43 EPS for the current year.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Element Solutions by 14.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,289,741 shares of the company’s stock worth $143,458,000 after purchasing an additional 676,432 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in Element Solutions by 6.6% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 5,106,554 shares of the company’s stock worth $138,490,000 after buying an additional 315,645 shares during the last quarter. Marshall Wace LLP increased its position in Element Solutions by 149.2% during the 2nd quarter. Marshall Wace LLP now owns 3,934,310 shares of the company’s stock valued at $106,698,000 after buying an additional 2,355,554 shares in the last quarter. Clearbridge Investments LLC raised its stake in Element Solutions by 16.9% in the first quarter. Clearbridge Investments LLC now owns 2,061,060 shares of the company’s stock valued at $51,485,000 after buying an additional 298,668 shares during the last quarter. Finally, Capital World Investors acquired a new stake in Element Solutions in the first quarter worth about $44,527,000. Institutional investors own 92.32% of the company’s stock.
About Element Solutions
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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