Element Solutions (NYSE:ESI) PT Raised to $29.00

Element Solutions (NYSE:ESIGet Free Report) had its price objective boosted by research analysts at Mizuho from $28.00 to $29.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Mizuho’s price objective points to a potential upside of 8.43% from the company’s current price.

A number of other equities analysts also recently commented on ESI. The Goldman Sachs Group increased their price objective on Element Solutions from $22.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, March 5th. Wolfe Research assumed coverage on shares of Element Solutions in a research note on Friday, March 1st. They set a “peer perform” rating on the stock. TheStreet raised shares of Element Solutions from a “c+” rating to a “b” rating in a research note on Tuesday, February 20th. StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 18th. Finally, Barclays raised their target price on Element Solutions from $25.00 to $26.00 and gave the company an “overweight” rating in a report on Monday, February 26th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.60.

Read Our Latest Analysis on ESI

Element Solutions Price Performance

NYSE ESI opened at $26.75 on Wednesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.63 and a quick ratio of 2.69. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of 49.53, a price-to-earnings-growth ratio of 1.86 and a beta of 1.29. The company has a 50 day simple moving average of $24.10 and a 200-day simple moving average of $23.37. Element Solutions has a 52-week low of $17.57 and a 52-week high of $27.08.

Element Solutions (NYSE:ESIGet Free Report) last released its quarterly earnings data on Monday, April 29th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Element Solutions had a return on equity of 13.96% and a net margin of 5.62%. The firm had revenue of $575.00 million during the quarter, compared to analysts’ expectations of $588.17 million. During the same quarter last year, the firm earned $0.30 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. Equities research analysts predict that Element Solutions will post 1.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Element Solutions

A number of hedge funds have recently bought and sold shares of ESI. Vaughan Nelson Investment Management L.P. lifted its position in shares of Element Solutions by 4.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 4,684,109 shares of the company’s stock worth $108,390,000 after purchasing an additional 188,350 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Element Solutions by 7.2% during the fourth quarter. Clearbridge Investments LLC now owns 1,762,392 shares of the company’s stock worth $40,782,000 after buying an additional 118,237 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its position in shares of Element Solutions by 10,622.4% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 848,567 shares of the company’s stock valued at $19,636,000 after acquiring an additional 840,653 shares during the period. Locust Wood Capital Advisers LLC grew its stake in shares of Element Solutions by 5.9% in the fourth quarter. Locust Wood Capital Advisers LLC now owns 2,700,813 shares of the company’s stock worth $62,497,000 after acquiring an additional 150,567 shares during the last quarter. Finally, Albar Capital Ltd increased its position in Element Solutions by 100.2% during the fourth quarter. Albar Capital Ltd now owns 797,427 shares of the company’s stock worth $18,452,000 after acquiring an additional 399,070 shares during the period. 92.32% of the stock is currently owned by institutional investors.

Element Solutions Company Profile

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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.

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Analyst Recommendations for Element Solutions (NYSE:ESI)

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