Element Solutions (NYSE:ESI) Rating Increased to Buy at StockNews.com

Element Solutions (NYSE:ESI) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

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

Element Solutions Trading Up 0.4 %

NYSE:ESI opened at $25.71 on Tuesday. The firm has a market capitalization of $6.22 billion, a P/E ratio of 47.61, a P/E/G ratio of 1.38 and a beta of 1.29. The business has a 50 day simple moving average of $25.93 and a 200 day simple moving average of $25.29. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.50 and a quick ratio of 2.60. Element Solutions has a 12-month low of $17.57 and a 12-month high of $28.68.

Element Solutions (NYSE:ESI) last released its quarterly earnings results on Monday, July 29th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. The business had revenue of $613.00 million during the quarter, compared to analyst estimates of $606.95 million. Element Solutions had a net margin of 8.24% and a return on equity of 14.42%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.31 earnings per share. Equities research analysts predict that Element Solutions will post 1.45 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors 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 valued at $100,000 after acquiring an additional 448 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Element Solutions by 51.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,002 shares of the company’s stock worth $46,000 after buying an additional 684 shares during the period. QRG Capital Management Inc. grew its holdings in shares of Element Solutions by 7.5% during the second quarter. QRG Capital Management Inc. now owns 11,389 shares of the company’s stock valued at $309,000 after buying an additional 798 shares in the last quarter. Treasurer of the State of North Carolina raised its position in Element Solutions by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 98,981 shares of the company’s stock valued at $2,290,000 after buying an additional 960 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in Element Solutions by 2.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,883 shares of the company’s stock worth $1,380,000 after acquiring an additional 1,036 shares in the last quarter. 92.32% of the stock is currently owned by institutional investors and hedge funds.

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.