Element Solutions (NYSE:ESI) Upgraded to Strong-Buy at Zacks Research

Element Solutions (NYSE:ESI) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday, Zacks reports.

Other equities analysts have also issued research reports about the stock. The Goldman Sachs Group initiated coverage on shares of Element Solutions in a research note on Friday, September 11th. They issued a “buy” rating and a $44.00 price objective for the company. Weiss Ratings raised shares of Element Solutions from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, October 26th. Wolfe Research set a $47.00 target price on shares of Element Solutions in a research note on Wednesday, July 29th. Barclays reduced their target price on Element Solutions from $53.00 to $51.00 and set an “overweight” rating for the company in a report on Friday, October 23rd. Finally, Jefferies Financial Group assumed coverage on Element Solutions in a research report on Wednesday, September 2nd. They issued a “buy” rating and a $55.00 target price for the company. Four equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Element Solutions has an average rating of “Buy” and an average price target of $46.36.

Element Solutions Trading Up 2.5%

Shares of NYSE ESI opened at $35.00 on Monday. The company has a quick ratio of 2.06, a current ratio of 2.78 and a debt-to-equity ratio of 0.71. Element Solutions has a 12 month low of $22.86 and a 12 month high of $49.25. The company has a market cap of $8.49 billion, a price-to-earnings ratio of 19.51, a P/E/G ratio of 1.14 and a beta of 1.29. The business has a fifty day simple moving average of $35.18 and a 200-day simple moving average of $36.84.

Element Solutions (NYSE:ESI) last issued its quarterly earnings results on Wednesday, October 21st. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $995.30 million for the quarter, compared to analysts’ expectations of $964.23 million. Element Solutions had a return on equity of 15.45% and a net margin of 5.87%. During the same quarter last year, the business posted $0.41 EPS. Element Solutions’s revenue was up 51.7% on a year-over-year basis. Sell-side analysts predict that Element Solutions will post 1.85 EPS for the current year.

Institutional Investors Weigh In On Element Solutions

A number of institutional investors have recently modified their holdings of the stock. Brighton Jones LLC bought a new position in shares of Element Solutions in the 3rd quarter valued at approximately $205,000. Parallel Advisors LLC boosted its position in Element Solutions by 18.4% during the third quarter. Parallel Advisors LLC now owns 5,914 shares of the company’s stock worth $215,000 after purchasing an additional 921 shares during the period. Argonautica Private Wealth Management Inc. boosted its position in Element Solutions by 12.2% during the third quarter. Argonautica Private Wealth Management Inc. now owns 10,024 shares of the company’s stock worth $364,000 after purchasing an additional 1,089 shares during the period. Chicago Partners Investment Group LLC grew its holdings in Element Solutions by 53.6% during the third quarter. Chicago Partners Investment Group LLC now owns 26,633 shares of the company’s stock valued at $884,000 after purchasing an additional 9,296 shares during the last quarter. Finally, Provenance Wealth Advisors LLC acquired a new position in Element Solutions during the third quarter valued at approximately $370,000. Institutional investors and hedge funds 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 produces materials used in electronics manufacturing and a range of industrial applications. Its products are designed to support processes such as printed circuit board fabrication, semiconductor packaging, electronic assembly, metal finishing, and surface treatment.

Through its electronics-focused businesses, including MacDermid Alpha Solutions, the company supplies solder materials, electronic assembly chemicals, circuit board materials, and semiconductor packaging solutions.