StockNews.com Upgrades Element Solutions (NYSE:ESI) to Buy

Element Solutions (NYSE:ESI) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other equities research analysts also recently issued reports on ESI. UBS Group increased their price objective on shares of Element Solutions from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. The Goldman Sachs Group increased their target price on shares of Element Solutions from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, June 27th. Mizuho increased their target price on shares of Element Solutions from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $30.00 target price (up previously from $28.00) on shares of Element Solutions in a report on Wednesday, June 12th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.40.

Element Solutions Trading Up 1.3 %

ESI stock opened at $25.63 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.60 and a current ratio of 3.50. The company’s 50-day simple moving average is $26.16 and its 200 day simple moving average is $25.18. Element Solutions has a 52 week low of $17.57 and a 52 week high of $28.68. The company has a market capitalization of $6.20 billion, a PE ratio of 47.45, a price-to-earnings-growth ratio of 1.35 and a beta of 1.29.

Element Solutions (NYSE:ESI) last released its quarterly earnings results on Monday, July 29th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. Element Solutions had a net margin of 8.24% and a return on equity of 14.42%. The business had revenue of $613.00 million for the quarter, compared to the consensus estimate of $606.95 million. During the same period in the prior year, the company posted $0.31 earnings per share. Element Solutions’s revenue was up 4.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Element Solutions will post 1.45 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ESI. Richardson Financial Services Inc. bought a new position in Element Solutions during the 4th quarter worth approximately $27,000. Quarry LP bought a new position in Element Solutions during the 2nd quarter worth approximately $31,000. EverSource Wealth Advisors LLC raised its holdings in Element Solutions by 51.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,002 shares of the company’s stock worth $46,000 after purchasing an additional 684 shares during the last quarter. Assetmark Inc. raised its holdings in Element Solutions by 1,585.0% during the 4th quarter. Assetmark Inc. now owns 2,022 shares of the company’s stock worth $47,000 after purchasing an additional 1,902 shares during the last quarter. Finally, LRI Investments LLC bought a new position in Element Solutions during the 1st quarter worth approximately $78,000. 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.