UBS Group Raises Element Solutions (NYSE:ESI) Price Target to $29.00

Element Solutions (NYSE:ESI - Get Free Report) had its target price raised by stock analysts at UBS Group from $25.00 to $29.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the stock. UBS Group's target price would indicate a potential upside of 19.00% from the company's previous close.

Other equities research analysts also recently issued research reports about the stock. The Goldman Sachs Group lowered their price objective on shares of Element Solutions from $30.00 to $24.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Truist Financial raised shares of Element Solutions from a "hold" rating to a "buy" rating and lowered their price objective for the stock from $28.00 to $24.00 in a research report on Monday, April 14th. BMO Capital Markets lowered their price objective 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. Barclays lowered their price objective on shares of Element Solutions from $30.00 to $27.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Finally, KeyCorp lowered their price objective on shares of Element Solutions from $29.00 to $28.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $26.25.

Element Solutions Trading Down 0.1%

ESI traded down $0.02 during mid-day trading on Wednesday, hitting $24.37. The stock had a trading volume of 298,553 shares, compared to its average volume of 2,020,403. The stock's fifty day simple moving average is $21.98 and its 200-day simple moving average is $23.32. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.95 and a quick ratio of 3.16. The firm has a market capitalization of $5.91 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 2.01 and a beta of 1.23. Element Solutions has a 1-year low of $16.77 and a 1-year high of $29.78.

Element Solutions (NYSE:ESI - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. The company had revenue of $593.70 million for the quarter, compared to analyst estimates of $576.73 million. Element Solutions had a net margin of 11.56% and a return on equity of 14.42%. The business's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the business posted $0.34 earnings per share. As a group, research analysts forecast that Element Solutions will post 1.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Element Solutions

A number of large investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC boosted its stake in shares of Element Solutions by 1.8% during the 4th quarter. Integrated Wealth Concepts LLC now owns 23,979 shares of the company's stock worth $610,000 after buying an additional 423 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in shares of Element Solutions by 4.0% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,297 shares of the company's stock valued at $287,000 after purchasing an additional 430 shares during the period. Mackenzie Financial Corp raised its holdings in shares of Element Solutions by 1.2% in the 1st quarter. Mackenzie Financial Corp now owns 45,210 shares of the company's stock valued at $1,022,000 after purchasing an additional 529 shares during the period. Arizona State Retirement System raised its holdings in shares of Element Solutions by 0.8% in the 4th quarter. Arizona State Retirement System now owns 66,761 shares of the company's stock valued at $1,698,000 after purchasing an additional 545 shares during the period. Finally, Treasurer of the State of North Carolina raised its holdings in shares of Element Solutions by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 98,398 shares of the company's stock valued at $2,502,000 after purchasing an additional 610 shares during the period. 92.32% of the stock is currently owned by institutional investors and hedge funds.

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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