Element Solutions (NYSE:ESI) Downgraded to “Hold” Rating by StockNews.com

Element Solutions (NYSE:ESI) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

Other equities analysts have also issued research reports about the company. Seaport Res Ptn raised Element Solutions to a “strong-buy” rating in a research note on Monday, October 14th. BMO Capital Markets raised their price objective on shares of Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Wolfe Research raised shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. Finally, Barclays raised their price target on shares of Element Solutions from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Element Solutions has a consensus rating of “Moderate Buy” and an average price target of $31.40.

Element Solutions Trading Down 1.2 %

NYSE ESI opened at $25.48 on Wednesday. Element Solutions has a 12 month low of $21.42 and a 12 month high of $29.78. The stock has a market capitalization of $6.17 billion, a P/E ratio of 22.95, a PEG ratio of 1.51 and a beta of 1.30. The firm’s 50-day moving average is $27.24 and its two-hundred day moving average is $26.58. 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: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 the consensus estimate of $626.52 million. During the same quarter last year, the firm earned $0.36 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, sell-side analysts anticipate that Element Solutions will post 1.44 earnings per share for the current year.

Institutional Investors Weigh In On Element Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of ESI. True Wealth Design LLC acquired a new position in Element Solutions in the third quarter valued at $25,000. Quarry LP purchased a new stake in shares of Element Solutions in the 2nd quarter valued at about $31,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Element Solutions by 39.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock valued at $82,000 after purchasing an additional 864 shares during the last quarter. Quest Partners LLC boosted its position in shares of Element Solutions by 14,600.0% in the 2nd quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock valued at $88,000 after purchasing an additional 3,212 shares during the period. Finally, Copeland Capital Management LLC purchased a new position in Element Solutions during the 3rd quarter worth approximately $113,000. 92.32% of the stock is currently owned by institutional investors and hedge funds.

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.