StockNews.com Upgrades Element Solutions (NYSE:ESI) to Buy

Element Solutions (NYSE:ESI) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Several other brokerages also recently weighed in on ESI. Wolfe Research raised shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. BMO Capital Markets boosted their price objective on shares of Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Seaport Res Ptn raised shares of Element Solutions to a “strong-buy” rating in a research note on Monday, October 14th. Finally, Barclays lifted 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. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Element Solutions has an average rating of “Buy” and a consensus target price of $31.40.

Element Solutions Stock Up 0.4 %

ESI stock opened at $25.84 on Wednesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.52 and a quick ratio of 2.77. The company’s 50 day simple moving average is $27.39 and its 200-day simple moving average is $26.65. Element Solutions has a 12 month low of $21.42 and a 12 month high of $29.78. The firm has a market capitalization of $6.26 billion, a PE ratio of 23.28, a P/E/G ratio of 1.51 and a beta of 1.28.

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

Institutional Trading of Element Solutions

Several institutional investors have recently made changes to their positions in the stock. True Wealth Design LLC purchased a new stake in Element Solutions during the third quarter valued at about $25,000. Quarry LP acquired a new position in shares of Element Solutions in the 2nd quarter valued at about $31,000. EverSource Wealth Advisors LLC grew its holdings in shares of Element Solutions by 39.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock worth $82,000 after purchasing an additional 864 shares during the period. Quest Partners LLC increased its position in Element Solutions by 14,600.0% during the 2nd quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock worth $88,000 after purchasing an additional 3,212 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in Element Solutions by 13.8% in the second quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock valued at $100,000 after buying an additional 448 shares during the period. 92.32% of the stock is owned by hedge funds and other institutional investors.

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.