Element Solutions (NYSE:ESI) Given New $30.00 Price Target at Barclays

Element Solutions (NYSE:ESI) had its price objective reduced by equities researchers at Barclays from $32.00 to $30.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 15.04% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. BMO Capital Markets lifted their price target on shares of Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Bank of America reaffirmed a “neutral” rating and set a $28.00 target price (down from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Seaport Res Ptn upgraded Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. Finally, Wolfe Research upgraded Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. Three 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $30.50.

Element Solutions Price Performance

ESI stock opened at $26.08 on Monday. The firm has a market cap of $6.32 billion, a P/E ratio of 23.49, a price-to-earnings-growth ratio of 2.12 and a beta of 1.30. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.77 and a current ratio of 3.52. Element Solutions has a 1 year low of $21.42 and a 1 year high of $29.78. The stock has a 50-day simple moving average of $26.65 and a 200-day simple moving average of $26.47.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Element Solutions had a net margin of 11.08% and a return on equity of 14.42%. The company had revenue of $645.00 million for the quarter, compared to analyst estimates of $626.52 million. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 earnings per share. On average, equities analysts predict that Element Solutions will post 1.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Element Solutions

Institutional investors have recently modified their holdings of the business. True Wealth Design LLC bought a new position in Element Solutions in the third quarter worth about $25,000. Quarry LP acquired a new stake in shares of Element Solutions during the 2nd quarter worth approximately $31,000. Trust Co. of Vermont bought a new stake in shares of Element Solutions in the 4th quarter worth approximately $43,000. UMB Bank n.a. boosted its position in Element Solutions by 98.8% during the 4th quarter. UMB Bank n.a. now owns 1,910 shares of the company’s stock valued at $49,000 after purchasing an additional 949 shares during the period. Finally, Richardson Financial Services Inc. grew its stake in Element Solutions by 77.5% during the 4th quarter. Richardson Financial Services Inc. now owns 2,086 shares of the company’s stock worth $53,000 after buying an additional 911 shares during the last quarter. Institutional investors own 92.32% of the company’s stock.

About Element Solutions

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.