Element Solutions (NYSE:ESI) Stock Rating Upgraded by Wolfe Research

Element Solutions (NYSE:ESI) was upgraded by investment analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a research note issued on Friday, MarketBeat reports.

Other research analysts have also recently issued reports about the company. Seaport Res Ptn raised Element Solutions to a “strong-buy” rating in a research report on Monday, October 14th. The Goldman Sachs Group boosted their price target on Element Solutions from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, June 27th. Finally, StockNews.com cut Element Solutions from a “buy” rating to a “hold” rating in a report on Thursday. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $29.40.

Element Solutions Stock Down 0.0 %

ESI stock opened at $26.97 on Friday. Element Solutions has a twelve month low of $17.76 and a twelve month high of $28.68. The company has a quick ratio of 2.60, a current ratio of 3.50 and a debt-to-equity ratio of 0.80. The stock has a market cap of $6.53 billion, a P/E ratio of 49.94, a PEG ratio of 1.40 and a beta of 1.29. The business’s 50-day moving average price is $25.91 and its 200-day moving average price is $25.53.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Monday, July 29th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 8.24%. The firm had revenue of $613.00 million for the quarter, compared to analysts’ expectations of $606.95 million. During the same period in the previous year, the firm earned $0.31 EPS. The business’s quarterly revenue was up 4.6% on a year-over-year basis. On average, equities research analysts forecast that Element Solutions will post 1.43 EPS for the current year.

Institutional Trading of Element Solutions

A number of large investors have recently added to or reduced their stakes in ESI. Quarry LP bought a new stake in Element Solutions in the 2nd quarter worth approximately $31,000. LRI Investments LLC bought a new position in shares of Element Solutions during the 1st quarter valued at approximately $78,000. EverSource Wealth Advisors LLC increased its position 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 valued at $82,000 after purchasing an additional 864 shares during the last quarter. Quest Partners LLC increased its position in shares of Element Solutions by 14,600.0% during 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 last quarter. Finally, Signaturefd LLC increased its position in shares of Element Solutions by 13.8% during the 2nd quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock valued at $100,000 after purchasing an additional 448 shares during the last quarter. 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.