Element Solutions (NYSE:ESI) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Element Solutions (NYSE:ESIGet Free Report) had its target price raised by investment analysts at BMO Capital Markets from $45.00 to $50.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 14.38% from the company’s current price.

Several other research analysts have also recently issued reports on ESI. Wall Street Zen raised shares of Element Solutions from a “hold” rating to a “buy” rating in a report on Monday, April 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Element Solutions in a report on Tuesday, May 19th. Seaport Research Partners reissued a “buy” rating and set a $49.00 price target on shares of Element Solutions in a research report on Tuesday, May 5th. UBS Group boosted their price objective on shares of Element Solutions to $52.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Freedom Capital raised Element Solutions to a “strong-buy” rating in a research report on Friday, March 27th. Three investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $44.14.

Read Our Latest Stock Report on ESI

Element Solutions Price Performance

Shares of NYSE:ESI opened at $43.71 on Monday. The business has a fifty day moving average price of $43.08 and a 200-day moving average price of $35.54. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.68 and a quick ratio of 1.91. The company has a market capitalization of $10.65 billion, a PE ratio of 70.51, a PEG ratio of 1.52 and a beta of 1.23. Element Solutions has a 1-year low of $22.63 and a 1-year high of $49.25.

Element Solutions (NYSE:ESIGet Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. Element Solutions had a net margin of 5.32% and a return on equity of 14.19%. The company had revenue of $840.00 million for the quarter, compared to analysts’ expectations of $710.51 million. During the same quarter in the previous year, the business posted $0.34 EPS. Element Solutions’s revenue was up 41.5% compared to the same quarter last year. As a group, equities analysts expect that Element Solutions will post 1.78 EPS for the current fiscal year.

Institutional Investors Weigh In On Element Solutions

A number of large investors have recently added to or reduced their stakes in ESI. Assetmark Inc. boosted its stake in shares of Element Solutions by 151.0% in the 1st quarter. Assetmark Inc. now owns 778 shares of the company’s stock worth $27,000 after buying an additional 468 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in Element Solutions in the fourth quarter worth about $28,000. NewEdge Advisors LLC grew its stake in shares of Element Solutions by 57.4% during the 1st quarter. NewEdge Advisors LLC now owns 949 shares of the company’s stock valued at $32,000 after purchasing an additional 346 shares during the period. Community Bank N.A. purchased a new stake in shares of Element Solutions during the 3rd quarter valued at about $33,000. Finally, Johnson Financial Group Inc. bought a new position in shares of Element Solutions in the 3rd quarter worth approximately $47,000. Institutional investors own 92.32% of the company’s stock.

Element Solutions Company Profile

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Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.

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Analyst Recommendations for Element Solutions (NYSE:ESI)

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