Element Solutions (NYSE:ESI) Stock Rating Lowered by StockNews.com

Element Solutions (NYSE:ESI) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

A number of other equities analysts have also recently weighed in on ESI. Wolfe Research upgraded shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a research report on Friday, October 25th. BMO Capital Markets raised their price target on shares of Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Barclays lifted their price objective on Element Solutions from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Seaport Res Ptn upgraded Element Solutions to a “strong-buy” rating in a research report 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. According to data from MarketBeat.com, Element Solutions presently has an average rating of “Moderate Buy” and an average target price of $31.40.

Element Solutions Trading Down 1.2 %

Shares of Element Solutions stock opened at $25.48 on Wednesday. Element Solutions has a fifty-two week low of $21.42 and a fifty-two week high of $29.78. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.77 and a current ratio of 3.52. The company has a market cap of $6.17 billion, a P/E ratio of 22.95, a price-to-earnings-growth ratio of 1.51 and a beta of 1.30. The firm has a 50-day simple moving average of $27.24 and a two-hundred day simple moving average of $26.58.

Element Solutions (NYSE:ESI) last released its quarterly earnings results on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $645.00 million during the quarter, compared to analysts’ expectations of $626.52 million. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. Element Solutions’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 EPS. As a group, equities analysts predict that Element Solutions will post 1.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Element Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. True Wealth Design LLC purchased a new position in shares of Element Solutions during the 3rd quarter worth $25,000. Quarry LP acquired a new stake in Element Solutions during the second quarter worth about $31,000. EverSource Wealth Advisors LLC raised its stake in Element Solutions by 39.4% during the second quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock worth $82,000 after purchasing an additional 864 shares during the period. Quest Partners LLC boosted its holdings in Element Solutions by 14,600.0% in the 2nd quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock valued at $88,000 after purchasing an additional 3,212 shares during the last quarter. Finally, Copeland Capital Management LLC purchased a new stake in shares of Element Solutions in the 3rd quarter valued at approximately $113,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Company Profile

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.