Element Solutions (NYSE:ESI) Price Target Raised to $30.00 at UBS Group

Key Points

• UBS Group has raised the price target for Element Solutions from $29.00 to $30.00, indicating a potential upside of 25.25% from the company's previous close.
• The company reported a Q2 EPS of $0.37, surpassing analysts' expectations, with revenues of $625.20 million, reflecting a 2.0% increase compared to the same quarter the previous year.
• Element Solutions is currently rated as a "Moderate Buy" with an average target price of $27.25, backed by eight buy ratings and two hold ratings from analysts.

Element Solutions (NYSE:ESI - Get Free Report) had its price target upped by analysts at UBS Group from $29.00 to $30.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. UBS Group's target price suggests a potential upside of 25.25% from the company's previous close.

ESI has been the topic of several other research reports. Truist Financial upgraded Element Solutions from a "hold" rating to a "buy" rating and cut their target price for the company from $28.00 to $24.00 in a research note on Monday, April 14th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $27.00 target price (up previously from $24.00) on shares of Element Solutions in a report on Tuesday, July 15th. KeyCorp lifted their price target on Element Solutions from $28.00 to $29.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. Mizuho boosted their price objective on Element Solutions from $24.00 to $27.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Finally, Barclays dropped their price target on Element Solutions from $30.00 to $27.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Element Solutions currently has an average rating of "Moderate Buy" and an average target price of $27.25.

Element Solutions Trading Up 3.5%

Element Solutions stock opened at $23.95 on Thursday. Element Solutions has a 12-month low of $16.77 and a 12-month high of $29.78. The company has a current ratio of 3.95, a quick ratio of 3.16 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $5.81 billion, a price-to-earnings ratio of 20.20, a P/E/G ratio of 1.71 and a beta of 1.23. The firm has a 50 day moving average of $22.84 and a 200 day moving average of $23.20.

Element Solutions (NYSE:ESI - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 11.56%. The firm had revenue of $625.20 million during the quarter, compared to the consensus estimate of $587.45 million. During the same period in the prior year, the company earned $0.36 EPS. The company's quarterly revenue was up 2.0% compared to the same quarter last year. As a group, research analysts predict that Element Solutions will post 1.45 earnings per share for the current year.

Institutional Trading of Element Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC increased its holdings in Element Solutions by 1.8% in the fourth quarter. Integrated Wealth Concepts LLC now owns 23,979 shares of the company's stock valued at $610,000 after buying an additional 423 shares during the last quarter. Mackenzie Financial Corp increased its holdings in Element Solutions by 1.2% in the first quarter. Mackenzie Financial Corp now owns 45,210 shares of the company's stock valued at $1,022,000 after buying an additional 529 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in Element Solutions by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 98,398 shares of the company's stock valued at $2,502,000 after buying an additional 610 shares during the last quarter. Maryland State Retirement & Pension System grew its holdings in shares of Element Solutions by 0.8% during the second quarter. Maryland State Retirement & Pension System now owns 76,026 shares of the company's stock valued at $1,722,000 after purchasing an additional 619 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of Element Solutions by 7.1% during the first quarter. KBC Group NV now owns 10,319 shares of the company's stock valued at $233,000 after purchasing an additional 681 shares during the last quarter. 92.32% of the stock is owned by hedge funds and other institutional investors.

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.

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