Element Solutions (NYSE:ESI) Stock Rating Lowered by Mizuho

Element Solutions (NYSE:ESI) was downgraded by stock analysts at Mizuho from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Several other research analysts have also commented on the stock. Truist Financial raised their price target on shares of Element Solutions from $47.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, July 9th. UBS Group boosted their price objective on shares of Element Solutions to $52.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Element Solutions in a research report on Tuesday, May 19th. Freedom Capital raised shares of Element Solutions to a “strong-buy” rating in a research note on Friday, March 27th. Finally, BMO Capital Markets lifted their target price on shares of Element Solutions from $45.00 to $50.00 and gave the company an “outperform” rating in a report on Monday, July 6th. Three equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $43.00.

Element Solutions Price Performance

ESI stock opened at $39.07 on Tuesday. The company has a market cap of $9.52 billion, a PE ratio of 63.01, a price-to-earnings-growth ratio of 1.42 and a beta of 1.23. The company has a current ratio of 2.68, a quick ratio of 1.91 and a debt-to-equity ratio of 0.75. The stock has a 50-day moving average price of $42.86 and a two-hundred day moving average price of $36.36. Element Solutions has a 12-month low of $22.63 and a 12-month high of $49.25.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. The company had revenue of $840.00 million for the quarter, compared to the consensus estimate of $710.51 million. Element Solutions had a return on equity of 14.19% and a net margin of 5.32%.The company’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same period last year, the business posted $0.34 EPS. As a group, research analysts predict that Element Solutions will post 1.79 EPS for the current year.

Institutional Trading of Element Solutions

Several large investors have recently bought and sold shares of the company. Assetmark Inc. raised its stake in shares of Element Solutions by 151.0% during the first quarter. Assetmark Inc. now owns 778 shares of the company’s stock valued at $27,000 after purchasing an additional 468 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Element Solutions during the fourth quarter worth $28,000. NewEdge Advisors LLC boosted its stake in shares of Element Solutions by 57.4% in the first quarter. NewEdge Advisors LLC now owns 949 shares of the company’s stock valued at $32,000 after purchasing an additional 346 shares during the period. Johnson Financial Group Inc. purchased a new position in shares of Element Solutions in the third quarter valued at $47,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in Element Solutions during the 3rd quarter valued at $49,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

About Element Solutions

Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.