Element Solutions Inc (NYSE:ESI) Receives $26.00 Average Target Price from Analysts

Shares of Element Solutions Inc (NYSE:ESI - Get Free Report) have been given an average rating of "Moderate Buy" by the six analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $26.00.

A number of research firms have recently issued reports on ESI. The Goldman Sachs Group increased their target price on Element Solutions from $22.00 to $26.00 and gave the company a "neutral" rating in a research note on Tuesday, March 5th. Barclays raised their price objective on Element Solutions from $25.00 to $26.00 and gave the company an "overweight" rating in a research note on Monday, February 26th. StockNews.com upgraded Element Solutions from a "hold" rating to a "buy" rating in a research note on Friday, May 10th. Wolfe Research assumed coverage on Element Solutions in a research note on Friday, March 1st. They set a "peer perform" rating for the company. Finally, TheStreet upgraded Element Solutions from a "c+" rating to a "b" rating in a research note on Tuesday, February 20th.

Insider Transactions at Element Solutions

In other news, CFO Carey J. Dorman sold 1,410 shares of Element Solutions stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $23.20, for a total value of $32,712.00. Following the completion of the transaction, the chief financial officer now owns 177,113 shares in the company, valued at approximately $4,109,021.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Michael Goralski sold 1,169 shares of the firm's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $23.20, for a total value of $27,120.80. Following the sale, the executive vice president now owns 146,297 shares of the company's stock, valued at approximately $3,394,090.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Carey J. Dorman sold 1,410 shares of the firm's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $23.20, for a total value of $32,712.00. Following the completion of the sale, the chief financial officer now directly owns 177,113 shares in the company, valued at approximately $4,109,021.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,158 shares of company stock worth $212,466. 7.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Element Solutions

Several hedge funds have recently made changes to their positions in the stock. Vaughan Nelson Investment Management L.P. raised its stake in Element Solutions by 4.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 4,684,109 shares of the company's stock valued at $108,390,000 after acquiring an additional 188,350 shares in the last quarter. Locust Wood Capital Advisers LLC raised its stake in Element Solutions by 5.9% during the 4th quarter. Locust Wood Capital Advisers LLC now owns 2,700,813 shares of the company's stock valued at $62,497,000 after acquiring an additional 150,567 shares in the last quarter. Iridian Asset Management LLC CT raised its stake in Element Solutions by 3.6% during the 4th quarter. Iridian Asset Management LLC CT now owns 280,935 shares of the company's stock valued at $6,501,000 after acquiring an additional 9,758 shares in the last quarter. Clearbridge Investments LLC raised its stake in Element Solutions by 12.6% during the 3rd quarter. Clearbridge Investments LLC now owns 1,644,155 shares of the company's stock valued at $32,242,000 after acquiring an additional 183,562 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Element Solutions by 2.7% during the 3rd quarter. Northern Trust Corp now owns 1,730,459 shares of the company's stock valued at $33,934,000 after acquiring an additional 45,752 shares in the last quarter. Institutional investors own 92.32% of the company's stock.

Element Solutions Stock Up 0.4 %

Shares of ESI stock traded up $0.09 during trading hours on Wednesday, reaching $23.78. The company had a trading volume of 2,042,490 shares, compared to its average volume of 1,330,316. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.69 and a current ratio of 3.63. Element Solutions has a twelve month low of $17.53 and a twelve month high of $25.81. The company has a market capitalization of $5.76 billion, a P/E ratio of 44.04, a price-to-earnings-growth ratio of 1.86 and a beta of 1.32. The stock's fifty day simple moving average is $24.26 and its 200 day simple moving average is $22.73.

Element Solutions (NYSE:ESI - Get Free Report) last posted its earnings results on Monday, April 29th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. Element Solutions had a return on equity of 13.96% and a net margin of 5.62%. The business had revenue of $575.00 million during the quarter, compared to analyst estimates of $588.17 million. During the same quarter last year, the firm earned $0.30 earnings per share. The company's revenue for the quarter was up .1% compared to the same quarter last year. As a group, sell-side analysts expect that Element Solutions will post 1.39 earnings per share for the current fiscal year.

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.