Element Solutions (NYSE:ESI - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Tuesday.
Several other equities analysts have also recently issued reports on the stock. TheStreet upgraded shares of Element Solutions from a "c+" rating to a "b" rating in a research note on Tuesday, February 20th. Wolfe Research assumed coverage on shares of Element Solutions in a research note on Friday, March 1st. They set a "peer perform" rating on the stock. UBS Group upped their target price on shares of Element Solutions from $24.00 to $27.00 and gave the company a "buy" rating in a research note on Thursday, January 11th. Barclays upped their target price on shares of Element Solutions from $25.00 to $26.00 and gave the company an "overweight" rating in a research note on Monday, February 26th. Finally, Mizuho lowered their target price on shares of Element Solutions from $27.00 to $26.00 and set a "buy" rating on the stock in a research note on Wednesday, February 21st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Element Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $25.60.
Check Out Our Latest Stock Report on ESI
Element Solutions Stock Down 1.3 %
ESI stock traded down $0.32 during trading on Tuesday, hitting $24.67. 1,073,706 shares of the stock traded hands, compared to its average volume of 1,312,760. Element Solutions has a 1 year low of $17.08 and a 1 year high of $25.14. The firm's 50 day moving average is $23.58 and its two-hundred day moving average is $21.63. The stock has a market cap of $5.97 billion, a price-to-earnings ratio of 50.35, a price-to-earnings-growth ratio of 4.14 and a beta of 1.32. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.24 and a quick ratio of 2.43.
Element Solutions (NYSE:ESI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. Element Solutions had a net margin of 5.06% and a return on equity of 13.51%. The company had revenue of $573.40 million for the quarter, compared to the consensus estimate of $590.43 million. During the same period in the prior year, the firm posted $0.29 EPS. Element Solutions's revenue for the quarter was down .1% on a year-over-year basis. On average, sell-side analysts anticipate that Element Solutions will post 1.4 EPS for the current year.
Insiders Place Their Bets
In other Element Solutions news, CEO Benjamin Gliklich sold 6,579 shares of the firm's stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $23.20, for a total transaction of $152,632.80. Following the sale, the chief executive officer now owns 726,399 shares in the company, valued at approximately $16,852,456.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Element Solutions news, EVP Michael Goralski sold 1,169 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $23.20, for a total transaction of $27,120.80. Following the completion of the sale, the executive vice president now directly owns 146,297 shares of the company's stock, valued at approximately $3,394,090.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Benjamin Gliklich sold 6,579 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $23.20, for a total transaction of $152,632.80. Following the sale, the chief executive officer now directly owns 726,399 shares of the company's stock, valued at $16,852,456.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 97,203 shares of company stock worth $2,255,110. Company insiders own 7.90% of the company's stock.
Institutional Investors Weigh In On Element Solutions
A number of institutional investors have recently added to or reduced their stakes in ESI. EverSource Wealth Advisors LLC grew its holdings in shares of Element Solutions by 85.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,318 shares of the company's stock valued at $26,000 after purchasing an additional 608 shares in the last quarter. Richardson Financial Services Inc. purchased a new position in shares of Element Solutions in the fourth quarter valued at $27,000. SRS Capital Advisors Inc. grew its holdings in shares of Element Solutions by 370.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,623 shares of the company's stock valued at $38,000 after purchasing an additional 1,278 shares in the last quarter. CWM LLC grew its holdings in shares of Element Solutions by 95.9% in the fourth quarter. CWM LLC now owns 1,810 shares of the company's stock valued at $42,000 after purchasing an additional 886 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in shares of Element Solutions by 1,585.0% in the fourth quarter. Assetmark Inc. now owns 2,022 shares of the company's stock valued at $47,000 after purchasing an additional 1,902 shares in the last quarter. 92.32% of the stock is owned by hedge funds and other institutional investors.
About Element Solutions
(
Get Free Report)
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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