BMO Capital Markets Boosts Element Solutions (NYSE:ESI) Price Target to $34.00

Element Solutions (NYSE:ESI) had its price objective upped by investment analysts at BMO Capital Markets from $32.00 to $34.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 27.32% from the stock’s current price.

Several other equities research analysts have also issued reports on ESI. Barclays increased their target price on shares of Element Solutions from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. Wolfe Research upgraded Element Solutions from a “peer perform” rating to an “outperform” rating in a research report on Friday, October 25th. Finally, Seaport Res Ptn upgraded Element Solutions to a “strong-buy” rating in a research report on Monday, October 14th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Element Solutions has a consensus rating of “Moderate Buy” and an average price target of $31.40.

Element Solutions Trading Down 0.5 %

Shares of NYSE:ESI opened at $26.71 on Monday. The company has a current ratio of 3.52, a quick ratio of 2.77 and a debt-to-equity ratio of 0.78. Element Solutions has a 12-month low of $21.42 and a 12-month high of $29.78. The business has a 50 day moving average of $27.40 and a two-hundred day moving average of $26.57. The company has a market capitalization of $6.47 billion, a PE ratio of 24.11, a PEG ratio of 1.51 and a beta of 1.28.

Element Solutions (NYSE:ESI) last posted its earnings results on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. Element Solutions had a net margin of 11.08% and a return on equity of 14.42%. The firm had revenue of $645.00 million during the quarter, compared to analyst estimates of $626.52 million. During the same period in the previous year, the firm earned $0.36 EPS. The business’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, analysts forecast that Element Solutions will post 1.44 EPS for the current year.

Institutional Trading of Element Solutions

Several large investors have recently made changes to their positions in ESI. Marshall Wace LLP grew its holdings in shares of Element Solutions by 149.2% during the second quarter. Marshall Wace LLP now owns 3,934,310 shares of the company’s stock worth $106,698,000 after buying an additional 2,355,554 shares in the last quarter. Ilex Capital Partners UK LLP grew its stake in Element Solutions by 162.7% during the 3rd quarter. Ilex Capital Partners UK LLP now owns 2,470,003 shares of the company’s stock valued at $67,085,000 after acquiring an additional 1,529,607 shares in the last quarter. Driehaus Capital Management LLC acquired a new stake in Element Solutions in the 2nd quarter valued at about $32,364,000. Jennison Associates LLC purchased a new position in Element Solutions in the 3rd quarter worth approximately $21,889,000. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its stake in 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 worth $143,458,000 after purchasing an additional 676,432 shares in the last quarter. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

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.