Element Solutions (NYSE:ESI) Given New $27.00 Price Target at Barclays

Element Solutions (NYSE:ESI - Get Free Report) had its price target lowered by equities research analysts at Barclays from $30.00 to $27.00 in a research report issued on Monday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's price target would suggest a potential upside of 32.16% from the stock's previous close.

Other equities research analysts also recently issued reports about the stock. KeyCorp lowered their target price on shares of Element Solutions from $29.00 to $28.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Truist Financial upgraded shares of Element Solutions from a "hold" rating to a "buy" rating and lowered their price objective for the company from $28.00 to $24.00 in a research report on Monday, April 14th. BMO Capital Markets cut their target price on shares of Element Solutions from $34.00 to $30.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Bank of America upgraded Element Solutions from a "neutral" rating to a "buy" rating and lowered their price target for the company from $29.00 to $24.00 in a research report on Tuesday, April 15th. Finally, StockNews.com cut Element Solutions from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $26.38.

Element Solutions Price Performance

NYSE:ESI traded up $0.19 during trading hours on Monday, hitting $20.43. The stock had a trading volume of 2,355,166 shares, compared to its average volume of 1,928,602. The company has a 50 day simple moving average of $22.55 and a two-hundred day simple moving average of $25.20. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 20.03, a P/E/G ratio of 2.30 and a beta of 1.28. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.34 and a quick ratio of 2.77. Element Solutions has a one year low of $16.77 and a one year high of $29.78.

Element Solutions (NYSE:ESI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The company had revenue of $593.70 million during the quarter, compared to analyst estimates of $576.73 million. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The firm's quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company earned $0.34 earnings per share. Research analysts forecast that Element Solutions will post 1.45 earnings per share for the current fiscal year.

Insider Transactions at Element Solutions

In other news, Director Martin E. Franklin sold 2,000,000 shares of Element Solutions stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $26.10, for a total transaction of $52,200,000.00. Following the sale, the director now owns 109,100 shares of the company's stock, valued at approximately $2,847,510. The trade was a 94.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 7.90% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ESI. TD Private Client Wealth LLC bought a new position in shares of Element Solutions in the 4th quarter worth about $27,000. Park Square Financial Group LLC purchased a new stake in Element Solutions in the fourth quarter worth about $28,000. First Horizon Advisors Inc. increased its stake in shares of Element Solutions by 610.7% during the fourth quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company's stock valued at $29,000 after purchasing an additional 971 shares in the last quarter. Trust Co. of Vermont purchased a new position in shares of Element Solutions during the fourth quarter valued at approximately $43,000. Finally, Parkside Financial Bank & Trust bought a new stake in shares of Element Solutions in the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors own 92.32% of the company's stock.

About Element Solutions

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.