Element Solutions (NYSE:ESI) Upgraded by StockNews.com to “Buy” Rating

by · The Markets Daily

Element Solutions (NYSE:ESIGet Free Report) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report issued on Wednesday.

A number of other brokerages also recently issued reports on ESI. Barclays raised their price target on shares of Element Solutions from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. BMO Capital Markets raised their target price on shares of Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Wolfe Research raised Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th. Finally, Seaport Res Ptn raised Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $31.40.

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Element Solutions Stock Up 0.8 %

Shares of Element Solutions stock traded up $0.20 on Wednesday, reaching $25.74. The company’s stock had a trading volume of 524,706 shares, compared to its average volume of 1,355,710. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of 23.19, a P/E/G ratio of 1.51 and a beta of 1.28. The firm’s fifty day simple moving average is $27.39 and its two-hundred day simple moving average is $26.66. Element Solutions has a 52 week low of $21.42 and a 52 week high of $29.78. The company has a quick ratio of 2.77, a current ratio of 3.52 and a debt-to-equity ratio of 0.78.

Element Solutions (NYSE:ESIGet Free Report) last released its quarterly earnings data on Monday, October 28th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. The company had revenue of $645.00 million for the quarter, compared to analysts’ expectations of $626.52 million. During the same period last year, the firm posted $0.36 earnings per share. Element Solutions’s revenue was up 7.6% compared to the same quarter last year. Equities analysts anticipate that Element Solutions will post 1.44 earnings per share for the current year.

Hedge Funds Weigh In On Element Solutions

Institutional investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC bought a new stake in Element Solutions during the 2nd quarter worth approximately $5,668,000. Cerity Partners LLC increased its stake in shares of Element Solutions by 40.4% in the third quarter. Cerity Partners LLC now owns 172,000 shares of the company’s stock worth $4,672,000 after purchasing an additional 49,466 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Element Solutions during the 3rd quarter valued at $1,161,000. WCM Investment Management LLC lifted its stake in shares of Element Solutions by 2.3% during the 3rd quarter. WCM Investment Management LLC now owns 1,857,560 shares of the company’s stock valued at $50,173,000 after buying an additional 41,309 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Element Solutions by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,299,641 shares of the company’s stock worth $62,458,000 after buying an additional 38,859 shares during the period. 92.32% of the stock is owned by institutional investors.

About Element Solutions

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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.

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