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

Element Solutions (NYSE:ESI) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.

A number of other analysts also recently issued reports on the stock. Truist Financial began coverage on shares of Element Solutions in a report on Tuesday, January 28th. They set a “hold” rating and a $28.00 price objective for the company. Barclays dropped their price target on Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Bank of America reiterated a “neutral” rating and set a $28.00 price objective (down from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. Finally, BMO Capital Markets boosted their target price on Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $30.14.

Element Solutions Price Performance

Shares of ESI stock traded down $0.23 during trading hours on Monday, reaching $26.27. The stock had a trading volume of 1,527,668 shares, compared to its average volume of 1,422,313. The stock’s fifty day simple moving average is $25.75 and its 200 day simple moving average is $26.37. The firm has a market capitalization of $6.37 billion, a PE ratio of 25.75, a PEG ratio of 2.30 and a beta of 1.30. Element Solutions has a 12 month low of $23.09 and a 12 month high of $29.78. The company has a current ratio of 3.34, a quick ratio of 2.77 and a debt-to-equity ratio of 0.76.

Element Solutions (NYSE:ESI) last posted its earnings results on Tuesday, February 18th. The company reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. The business had revenue of $624.20 million for the quarter, compared to analysts’ expectations of $598.24 million. On average, equities research analysts predict that Element Solutions will post 1.45 EPS for the current year.

Hedge Funds Weigh In On Element Solutions

Large investors have recently bought and sold shares of the stock. True Wealth Design LLC bought a new position in shares of Element Solutions in the third quarter worth approximately $25,000. TD Private Client Wealth LLC bought a new stake in Element Solutions in the 4th quarter worth $27,000. First Horizon Advisors Inc. increased its position in shares of Element Solutions by 610.7% in the fourth quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company’s stock valued at $29,000 after acquiring an additional 971 shares during the period. Trust Co. of Vermont bought a new position in shares of Element Solutions during the fourth quarter valued at about $43,000. Finally, Parkside Financial Bank & Trust purchased a new stake in shares of Element Solutions during the fourth quarter worth about $48,000. 92.32% of the stock is owned by hedge funds and other institutional investors.

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.