Element Solutions (NYSE:ESI – Get Free Report) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday, Zacks reports.
ESI has been the topic of several other reports. Bank of America initiated coverage on Element Solutions in a research note on Tuesday, September 1st. They issued a “buy” rating and a $42.00 price objective on the stock. BMO Capital Markets restated an “outperform” rating and set a $45.00 target price on shares of Element Solutions in a research report on Monday, September 21st. UBS Group raised their target price on Element Solutions from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, October 5th. William Blair set a $48.00 price objective on shares of Element Solutions in a report on Friday, August 28th. Finally, Weiss Ratings raised Element Solutions from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, October 26th. Four equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $46.36.
View Our Latest Report on Element Solutions
Element Solutions Stock Performance
NYSE ESI opened at $35.00 on Monday. Element Solutions has a 52-week low of $22.86 and a 52-week high of $49.25. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.78 and a quick ratio of 2.06. The firm has a market capitalization 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 company’s fifty day moving average is $35.18 and its two-hundred day moving average is $36.84.
Element Solutions (NYSE:ESI – Get Free Report) last posted its quarterly earnings results on Wednesday, October 21st. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. The firm had revenue of $995.30 million during 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%. The company’s revenue for the quarter was up 51.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 EPS. Equities research analysts forecast that Element Solutions will post 1.85 EPS for the current year.
Institutional Trading of Element Solutions
Institutional investors have recently added to or reduced their stakes in the company. Arnhold LLC bought a new position in shares of Element Solutions during the third quarter worth approximately $17,484,000. Hsbc Holdings PLC boosted its position in shares of Element Solutions by 45.2% during the 4th quarter. Hsbc Holdings PLC now owns 189,883 shares of the company’s stock worth $4,767,000 after acquiring an additional 59,154 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Element Solutions in the second quarter valued at approximately $8,363,000. Man Group plc bought a new position in Element Solutions in the second quarter valued at approximately $1,422,000. Finally, Cookson Peirce & Co. Inc. increased its stake in Element Solutions by 671.7% in the second quarter. Cookson Peirce & Co. Inc. now owns 335,149 shares of the company’s stock valued at $16,003,000 after acquiring an additional 291,718 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors.
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.
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