Barclays Has Lowered Expectations for Element Solutions (NYSE:ESI) Stock Price

Element Solutions (NYSE:ESI) had its target price lowered by investment analysts at Barclays from $32.00 to $30.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective indicates a potential upside of 18.04% from the stock’s previous close.

A number of other equities analysts have also recently commented on the stock. Seaport Res Ptn raised shares of Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. Wolfe Research raised Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. Bank of America reaffirmed a “neutral” rating and set a $28.00 price target (down previously from $32.00) on shares of Element Solutions in a research note on Tuesday, January 14th. StockNews.com cut Element Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, BMO Capital Markets raised their price objective on Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.14.

Element Solutions Trading Down 0.5 %

Element Solutions stock opened at $25.42 on Monday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.77 and a current ratio of 3.52. Element Solutions has a fifty-two week low of $21.42 and a fifty-two week high of $29.78. The stock has a market cap of $6.15 billion, a P/E ratio of 22.90, a PEG ratio of 2.12 and a beta of 1.30. The firm’s fifty day moving average price is $26.56 and its 200-day moving average price is $26.44.

Element Solutions (NYSE:ESI) last announced its earnings results on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. The business had revenue of $645.00 million for the quarter, compared to analyst estimates of $626.52 million. During the same period in the prior year, the company earned $0.36 EPS. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. Equities research analysts forecast that Element Solutions will post 1.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. raised its position in Element Solutions by 4.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 5,209,130 shares of the company’s stock valued at $132,468,000 after purchasing an additional 209,441 shares during the last quarter. Entropy Technologies LP bought a new position in Element Solutions in the fourth quarter worth about $433,000. Choreo LLC purchased a new stake in Element Solutions in the fourth quarter worth about $340,000. Jennison Associates LLC boosted its position in Element Solutions by 63.3% during the 4th quarter. Jennison Associates LLC now owns 1,316,244 shares of the company’s stock valued at $33,472,000 after acquiring an additional 510,332 shares in the last quarter. Finally, Richardson Financial Services Inc. grew its holdings in shares of Element Solutions by 77.5% during the 4th quarter. Richardson Financial Services Inc. now owns 2,086 shares of the company’s stock worth $53,000 after acquiring an additional 911 shares during the period. 92.32% of the stock is owned by hedge funds and other institutional investors.

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.