Element Solutions (NYSE:ESI) Stock Gets Price Target Bump from Mizuho

Element Solutions (NYSE:ESI – Get Free Report) had its price target boosted by equities research analysts at Mizuho from $42.00 to $44.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Mizuho’s target price indicates a potential upside of 21.32% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Jefferies Financial Group began coverage on Element Solutions in a research note on Wednesday, September 2nd. They issued a “buy” rating and a $55.00 price objective on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $45.00 target price on shares of Element Solutions in a research note on Monday, September 21st. William Blair set a $48.00 target price on Element Solutions in a report on Friday, August 28th. UBS Group boosted their price target on shares of Element Solutions from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, October 5th. Finally, Weiss Ratings downgraded shares of Element Solutions from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, September 10th. Four analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $46.36.

Read Our Latest Analysis on Element Solutions

Element Solutions Price Performance

Shares of NYSE:ESI opened at $36.27 on Thursday. The stock has a market cap of $8.84 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 1.32 and a beta of 1.26. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.91 and a quick ratio of 2.11. Element Solutions has a 12 month low of $22.86 and a 12 month high of $49.25. The stock’s 50 day moving average price is $35.65 and its 200 day moving average price is $38.92.

Element Solutions (NYSE:ESI – Get Free Report) last issued its quarterly earnings results on Wednesday, October 21st. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $995.30 million during the quarter, compared to analyst estimates of $964.23 million. Element Solutions had a return on equity of 14.88% and a net margin of 5.67%. The firm’s quarterly revenue was up 51.7% on a year-over-year basis. During the same period last year, the company posted $0.41 EPS. Equities research analysts anticipate that Element Solutions will post 1.81 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Element Solutions

Large investors have recently modified their holdings of the stock. Root Financial Partners LLC purchased a new stake in shares of Element Solutions in the 3rd quarter valued at approximately $54,000. Nisa Investment Advisors LLC boosted its stake in Element Solutions by 39.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 9,149 shares of the company’s stock worth $332,000 after purchasing an additional 2,576 shares during the period. IFP Advisors Inc grew its position in Element Solutions by 472.0% during the 3rd quarter. IFP Advisors Inc now owns 1,819 shares of the company’s stock worth $66,000 after purchasing an additional 1,501 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in Element Solutions during the 3rd quarter worth approximately $82,230,000. Finally, Fortitude Family Office LLC grew its position in Element Solutions by 373.1% during the 3rd quarter. Fortitude Family Office LLC now owns 932 shares of the company’s stock worth $34,000 after purchasing an additional 735 shares in the last quarter. 92.32% of the stock is owned by institutional investors.

About Element Solutions

(Get Free Report)

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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Analyst Recommendations for Element Solutions (NYSE:ESI)

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