Element Solutions (NYSE:ESI) Upgraded at Barclays

Element Solutions (NYSE:ESI) was upgraded by equities researchers at Barclays to a “strong-buy” rating in a note issued to investors on Monday, Zacks reports.

A number of other equities research analysts have also commented on the stock. Bank of America began coverage on shares of Element Solutions in a research note on Tuesday, September 1st. They issued a “buy” rating and a $42.00 price objective on the stock. Jefferies Financial Group assumed coverage on shares of Element Solutions in a research note on Wednesday, September 2nd. They set a “buy” rating and a $55.00 target price for the company. Weiss Ratings downgraded shares of Element Solutions from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 10th. The Goldman Sachs Group started coverage on shares of Element Solutions in a report on Friday, September 11th. They issued a “buy” rating and a $44.00 target price on the stock. Finally, Truist Financial boosted their target price 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. Four equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Element Solutions presently has a consensus rating of “Buy” and an average price target of $46.18.

Element Solutions Stock Performance

NYSE:ESI opened at $35.84 on Monday. The company has a market capitalization of $8.73 billion, a PE ratio of 48.43, a P/E/G ratio of 1.38 and a beta of 1.26. The company has a 50 day simple moving average of $35.88 and a two-hundred day simple moving average of $38.85. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.11 and a current ratio of 2.91. Element Solutions has a fifty-two week low of $22.86 and a fifty-two week high of $49.25.

Element Solutions (NYSE:ESI) last released its quarterly earnings results on Monday, July 27th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.04. Element Solutions had a net margin of 5.67% and a return on equity of 14.88%. The firm had revenue of $977.90 million during the quarter, compared to analyst estimates of $873.19 million. During the same quarter last year, the business earned $0.20 EPS. The company’s revenue was up 56.4% compared to the same quarter last year. Research analysts anticipate that Element Solutions will post 1.81 earnings per share for the current year.

Institutional Investors Weigh In On Element Solutions

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Element Solutions during the second quarter worth approximately $1,317,663,000. Bank of New York Mellon Corp acquired a new stake in Element Solutions in the 2nd quarter valued at $110,892,000. Bank of America Corp DE acquired a new stake in Element Solutions in the 2nd quarter valued at $47,689,000. Troluce Capital Advisors LLC acquired a new stake in Element Solutions in the 1st quarter valued at $27,667,000. Finally, Jennison Associates LLC grew its position in Element Solutions by 36.7% in the 1st quarter. Jennison Associates LLC now owns 2,977,958 shares of the company’s stock valued at $101,667,000 after purchasing an additional 798,923 shares during the period. Institutional investors own 92.32% of the company’s stock.

Element Solutions Company Profile

Element Solutions Inc (NYSE: ESI) is a specialty chemicals company that develops and manufactures products used in electronics, industrial processes, and other specialized applications. Its materials and process solutions are designed to improve manufacturing performance, product reliability, and surface protection across a range of end markets.

The company’s Electronics segment supplies chemicals, materials, and equipment used in printed circuit board fabrication, semiconductor packaging, and other electronic component manufacturing.