Element Solutions (NYSE:ESI) PT Raised to $29.00

Element Solutions (NYSE:ESI) had its price target raised by analysts at The Goldman Sachs Group from $26.00 to $29.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 6.93% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Wolfe Research began coverage on shares of Element Solutions in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. Mizuho raised their target price on shares of Element Solutions from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. BMO Capital Markets reissued an “outperform” rating and set a $30.00 target price (up previously from $28.00) on shares of Element Solutions in a research report on Wednesday, June 12th. StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, June 20th. Finally, UBS Group raised their target price on shares of Element Solutions from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, June 24th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.40.

Element Solutions Trading Up 1.0 %

ESI stock opened at $27.12 on Thursday. The company has a market capitalization of $6.56 billion, a PE ratio of 50.22, a P/E/G ratio of 1.32 and a beta of 1.29. Element Solutions has a 12 month low of $17.57 and a 12 month high of $27.86. The firm’s 50-day moving average is $24.66 and its 200 day moving average is $23.85. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.63 and a quick ratio of 2.69.

Element Solutions (NYSE:ESI) last posted its quarterly earnings results on Monday, April 29th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. The company had revenue of $575.00 million for the quarter, compared to the consensus estimate of $588.17 million. Element Solutions had a net margin of 5.62% and a return on equity of 13.96%. The firm’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 EPS. On average, research analysts anticipate that Element Solutions will post 1.43 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. LRI Investments LLC purchased a new position in shares of Element Solutions in the 1st quarter worth approximately $78,000. Castleark Management LLC boosted its stake in Element Solutions by 13.3% in the 1st quarter. Castleark Management LLC now owns 286,050 shares of the company’s stock worth $7,146,000 after purchasing an additional 33,590 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Element Solutions by 3.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,259,088 shares of the company’s stock worth $31,453,000 after purchasing an additional 41,718 shares in the last quarter. Capital World Investors acquired a new stake in Element Solutions in the 1st quarter worth approximately $44,527,000. Finally, CANADA LIFE ASSURANCE Co boosted its stake in Element Solutions by 27.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 121,434 shares of the company’s stock worth $3,037,000 after purchasing an additional 26,104 shares in the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.

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.