Element Solutions (NYSE:ESI) Coverage Initiated by Analysts at KeyCorp

Research analysts at KeyCorp initiated coverage on shares of Element Solutions (NYSE:ESI) in a report released on Thursday. The brokerage set an “overweight” rating and a $29.00 price target on the stock. KeyCorp’s price target would indicate a potential upside of 27.70% from the company’s previous close.

Several other research firms have also weighed in on ESI. Barclays reduced 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. StockNews.com cut Element Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Truist Financial assumed coverage on Element Solutions in a research note on Tuesday, January 28th. They issued a “hold” rating and a $28.00 target price for the company. Bank of America reissued a “neutral” rating and set a $28.00 price target (down from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. Finally, BMO Capital Markets increased their price objective on shares of Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Element Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $30.00.

Element Solutions Stock Performance

Shares of NYSE:ESI opened at $22.71 on Thursday. The business has a 50-day moving average of $25.46 and a two-hundred day moving average of $26.25. The firm has a market capitalization of $5.51 billion, a PE ratio of 22.26, a P/E/G ratio of 2.30 and a beta of 1.29. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.34 and a quick ratio of 2.77. Element Solutions has a 12 month low of $22.13 and a 12 month high of $29.78.

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 analysts’ consensus estimates of $0.35. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. The firm had revenue of $624.20 million during the quarter, compared to the consensus estimate of $598.24 million. As a group, research analysts forecast that Element Solutions will post 1.45 earnings per share for the current year.

Insider Transactions at Element Solutions

In related news, Director Martin E. Franklin sold 2,000,000 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $26.10, for a total value of $52,200,000.00. Following the sale, the director now directly owns 109,100 shares of the company’s stock, valued at $2,847,510. This represents a 94.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 7.90% of the company’s stock.

Institutional Investors Weigh In On Element Solutions

Several hedge funds and other institutional investors have recently modified their holdings of ESI. TD Private Client Wealth LLC bought a new position in shares of Element Solutions during the fourth quarter worth about $27,000. Park Square Financial Group LLC acquired a new stake in Element Solutions during the fourth quarter valued at approximately $28,000. First Horizon Advisors Inc. lifted its holdings in Element Solutions by 610.7% during the 4th quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company’s stock worth $29,000 after buying an additional 971 shares during the last quarter. Trust Co. of Vermont bought a new stake in shares of Element Solutions in the 4th quarter valued at approximately $43,000. Finally, Parkside Financial Bank & Trust acquired a new stake in shares of Element Solutions during the 4th quarter valued at approximately $48,000. 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.