Element Solutions (NYSE:ESI) Rating Increased to Buy at StockNews.com

Element Solutions (NYSE:ESI) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

Several other research firms have also commented on ESI. Mizuho raised their price target on Element Solutions from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. BMO Capital Markets restated an “outperform” rating and set a $30.00 target price (up from $28.00) on shares of Element Solutions in a report on Wednesday, June 12th. UBS Group lifted their target price on Element Solutions from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, June 24th. Finally, The Goldman Sachs Group increased their price target on shares of Element Solutions from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, June 27th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.40.

Element Solutions Stock Performance

Shares of Element Solutions stock opened at $25.99 on Tuesday. The business’s fifty day simple moving average is $25.85 and its 200-day simple moving average is $25.31. The company has a quick ratio of 2.60, a current ratio of 3.50 and a debt-to-equity ratio of 0.80. The firm has a market cap of $6.29 billion, a PE ratio of 48.13, a price-to-earnings-growth ratio of 1.37 and a beta of 1.29. Element Solutions has a 52 week low of $17.57 and a 52 week high of $28.68.

Element Solutions (NYSE:ESI) last announced its earnings results on Monday, July 29th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. The company had revenue of $613.00 million during the quarter, compared to analyst estimates of $606.95 million. Element Solutions had a net margin of 8.24% and a return on equity of 14.42%. Element Solutions’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 earnings per share. Equities analysts forecast that Element Solutions will post 1.45 earnings per share for the current year.

Institutional Trading of Element Solutions

Several hedge funds have recently added to or reduced their stakes in ESI. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Element Solutions by 14.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,289,741 shares of the company’s stock valued at $143,458,000 after purchasing an additional 676,432 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in Element Solutions by 6.6% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 5,106,554 shares of the company’s stock valued at $138,490,000 after buying an additional 315,645 shares during the last quarter. Marshall Wace LLP raised its stake in Element Solutions by 149.2% in the second quarter. Marshall Wace LLP now owns 3,934,310 shares of the company’s stock valued at $106,698,000 after buying an additional 2,355,554 shares in the last quarter. Glenview Capital Management LLC lifted its holdings in Element Solutions by 35.2% during the 4th quarter. Glenview Capital Management LLC now owns 3,762,620 shares of the company’s stock worth $87,067,000 after buying an additional 979,798 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in Element Solutions by 16.9% during the 1st quarter. Clearbridge Investments LLC now owns 2,061,060 shares of the company’s stock worth $51,485,000 after buying an additional 298,668 shares during the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

About Element Solutions

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.