Element Solutions (NYSE:ESI) Rating Lowered to Hold at StockNews.com

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

A number of other research firms have also weighed in on ESI. Barclays decreased their target price on shares of Element Solutions from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Truist Financial assumed coverage on shares of Element Solutions in a report on Tuesday, January 28th. They set a “hold” rating and a $28.00 target price on the stock. Bank of America reaffirmed a “neutral” rating and set a $28.00 target price (down previously from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. Finally, BMO Capital Markets upped their target price on shares of Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Element Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $30.14.

Element Solutions Stock Performance

NYSE ESI opened at $25.37 on Tuesday. The company’s 50 day moving average is $25.78 and its 200-day moving average is $26.39. Element Solutions has a 12-month low of $23.09 and a 12-month high of $29.78. The company has a quick ratio of 2.77, a current ratio of 3.34 and a debt-to-equity ratio of 0.76. The firm has a market cap of $6.15 billion, a P/E ratio of 24.87, a price-to-earnings-growth ratio of 2.30 and a beta of 1.30.

Element Solutions (NYSE:ESI) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. The company had revenue of $624.20 million for the quarter, compared to analyst estimates of $598.24 million. Sell-side analysts predict that Element Solutions will post 1.45 earnings per share for the current year.

Hedge Funds Weigh In On Element Solutions

A number of institutional investors have recently made changes to their positions in ESI. True Wealth Design LLC bought a new position in shares of Element Solutions in the 3rd quarter worth $25,000. TD Private Client Wealth LLC purchased a new stake in shares of Element Solutions in the 4th quarter valued at $27,000. Park Square Financial Group LLC purchased a new stake in shares of Element Solutions in the 4th quarter valued at $28,000. First Horizon Advisors Inc. boosted its stake in shares of Element Solutions by 610.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company’s stock valued at $29,000 after purchasing an additional 971 shares in the last quarter. Finally, Trust Co. of Vermont purchased a new stake in shares of Element Solutions in the 4th quarter valued at $43,000. Institutional investors 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.