Shares of Element Solutions Inc (NYSE:ESI) have been given an average recommendation of “Hold” by the eight research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $9.21.
ESI has been the subject of several analyst reports. ValuEngine cut Element Solutions from a “hold” rating to a “sell” rating in a report on Friday, October 25th. Goldman Sachs Group upgraded Element Solutions from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $13.00 to $14.00 in a research report on Monday, November 18th. SunTrust Banks dropped their price objective on Element Solutions from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Friday, October 11th. CIBC restated an “average” rating and issued a $5.00 target price on shares of Element Solutions in a report on Tuesday, October 15th. Finally, Zacks Investment Research downgraded shares of Element Solutions from a “hold” rating to a “sell” rating and set a $10.00 target price on the stock. in a research note on Thursday, October 10th.
A number of large investors have recently made changes to their positions in ESI. Vanguard Group Inc. bought a new position in Element Solutions during the 2nd quarter valued at approximately $258,433,000. BlackRock Inc. bought a new position in shares of Element Solutions during the second quarter valued at approximately $171,908,000. Bares Capital Management Inc. bought a new position in shares of Element Solutions during the second quarter valued at approximately $169,281,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Element Solutions during the second quarter valued at approximately $152,598,000. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in Element Solutions in the third quarter worth $68,895,000. Institutional investors own 89.52% of the company’s stock.
Shares of ESI stock traded up $0.08 during trading hours on Friday, hitting $11.09. 1,909,539 shares of the company’s stock were exchanged, compared to its average volume of 2,443,553. The company has a current ratio of 2.93, a quick ratio of 2.25 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $2.78 billion, a PE ratio of 79.21 and a beta of 2.16. The business’s 50 day simple moving average is $11.37 and its 200-day simple moving average is $10.28. Element Solutions has a 12-month low of $8.55 and a 12-month high of $12.74.
Element Solutions (NYSE:ESI) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.05. The firm had revenue of $464.70 million for the quarter, compared to analysts’ expectations of $469.25 million. Element Solutions had a return on equity of 6.67% and a net margin of 2.85%. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period last year, the firm earned $0.05 earnings per share. Equities analysts anticipate that Element Solutions will post 0.87 EPS for the current year.
About Element Solutions
Element Solutions Inc produces and sells specialty chemical products worldwide. The company operates through two segments, Electronics and Industrial & Specialty. The Electronics segment researches, formulates, and delivers specialty chemicals and materials for various types of electronics hardware products.
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