Element Solutions (NYSE:ESI) Given New $24.00 Price Target at Mizuho

Element Solutions (NYSE:ESI - Get Free Report) had its price objective hoisted by equities researchers at Mizuho from $23.00 to $24.00 in a report released on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Mizuho's target price points to a potential upside of 14.34% from the stock's previous close.

Several other research analysts also recently commented on the stock. KeyCorp dropped their target price on shares of Element Solutions from $29.00 to $28.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. BMO Capital Markets decreased their target price on shares of Element Solutions from $34.00 to $30.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Barclays reduced their price target on shares of Element Solutions from $30.00 to $27.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Truist Financial upgraded shares of Element Solutions from a "hold" rating to a "buy" rating and reduced their price target for the company from $28.00 to $24.00 in a research report on Monday, April 14th. Finally, The Goldman Sachs Group reduced their price target on shares of Element Solutions from $30.00 to $24.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $25.75.

Element Solutions Stock Down 3.0%

Shares of Element Solutions stock traded down $0.65 during midday trading on Friday, reaching $20.99. 1,509,765 shares of the company's stock traded hands, compared to its average volume of 1,952,745. The company has a market cap of $5.09 billion, a price-to-earnings ratio of 20.58, a price-to-earnings-growth ratio of 2.30 and a beta of 1.23. The company's 50 day simple moving average is $20.71 and its 200 day simple moving average is $23.86. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34. Element Solutions has a 52 week low of $16.77 and a 52 week high of $29.78.

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

Insider Buying and Selling

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of Element Solutions stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $26.10, for a total transaction of $52,200,000.00. Following the transaction, the director now directly owns 109,100 shares in the company, valued at approximately $2,847,510. The trade was a 94.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 6.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Element Solutions

Several large investors have recently made changes to their positions in ESI. Strs Ohio acquired a new stake in shares of Element Solutions in the 1st quarter valued at about $1,172,000. Focus Partners Wealth bought a new position in Element Solutions in the first quarter valued at $400,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Element Solutions by 4.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 872,451 shares of the company's stock valued at $19,726,000 after purchasing an additional 37,204 shares in the last quarter. United Services Automobile Association bought a new position in Element Solutions in the first quarter valued at $281,000. Finally, Caxton Associates LLP bought a new position in Element Solutions in the first quarter valued at $676,000. Institutional investors own 92.32% of the company's stock.

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.