Barclays Cuts Element Solutions (NYSE:ESI) Price Target to $30.00

Element Solutions (NYSE:ESIGet Free Report) had its price target decreased by Barclays from $32.00 to $30.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective points to a potential upside of 18.04% from the stock’s current price.

ESI has been the subject of a number of other reports. BMO Capital Markets boosted their price objective on shares of Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Seaport Res Ptn upgraded Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. Bank of America restated a “neutral” rating and set a $28.00 target price (down previously from $32.00) on shares of Element Solutions in a research note on Tuesday, January 14th. Finally, Wolfe Research upgraded shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.14.

Get Our Latest Analysis on Element Solutions

Element Solutions Price Performance

ESI opened at $25.42 on Monday. Element Solutions has a 1 year low of $21.42 and a 1 year high of $29.78. The stock has a 50-day moving average price of $26.56 and a 200-day moving average price of $26.44. The firm has a market cap of $6.15 billion, a PE ratio of 22.90, a P/E/G ratio of 2.12 and a beta of 1.30. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.52 and a quick ratio of 2.77.

Element Solutions (NYSE:ESIGet Free Report) last issued its earnings results on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, topping 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 business had revenue of $645.00 million during the quarter, compared to analysts’ expectations of $626.52 million. During the same period in the previous year, the company earned $0.36 earnings per share. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. Sell-side analysts predict that Element Solutions will post 1.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Element Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Park Avenue Securities LLC raised its position in shares of Element Solutions by 79.0% during the 4th quarter. Park Avenue Securities LLC now owns 60,612 shares of the company’s stock valued at $1,541,000 after buying an additional 26,753 shares in the last quarter. Cerity Partners LLC raised its position in Element Solutions by 40.4% during the third quarter. Cerity Partners LLC now owns 172,000 shares of the company’s stock valued at $4,672,000 after purchasing an additional 49,466 shares during the period. Sequoia Financial Advisors LLC bought a new stake in shares of Element Solutions in the 3rd quarter valued at approximately $1,161,000. Barclays PLC boosted its holdings in shares of Element Solutions by 96.0% in the 3rd quarter. Barclays PLC now owns 108,174 shares of the company’s stock worth $2,938,000 after purchasing an additional 52,973 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Element Solutions by 549.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,619,419 shares of the company’s stock valued at $43,983,000 after purchasing an additional 1,369,981 shares during the last quarter. 92.32% of the stock is owned by institutional investors.

Element Solutions Company Profile

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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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