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

Element Solutions (NYSE:ESI) had its price target increased by investment analysts at BMO Capital Markets from $32.00 to $34.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 24.59% from the stock’s previous close.

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

Element Solutions Trading Down 1.9 %

NYSE ESI opened at $27.29 on Monday. Element Solutions has a 52-week low of $21.42 and a 52-week high of $29.78. The firm has a 50-day moving average price of $27.38 and a 200 day moving average price of $26.55. The stock has a market capitalization of $6.61 billion, a P/E ratio of 24.59, a P/E/G ratio of 1.51 and a beta of 1.28. The company has a quick ratio of 2.77, a current ratio of 3.52 and a debt-to-equity ratio of 0.78.

Element Solutions (NYSE:ESI) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $626.52 million. During the same quarter last year, the firm posted $0.36 EPS. The business’s revenue was up 7.6% compared to the same quarter last year. Equities research analysts expect that Element Solutions will post 1.44 EPS for the current year.

Institutional Trading of Element Solutions

Several institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE raised its position in shares of Element Solutions by 0.9% during the 3rd quarter. US Bancorp DE now owns 46,005 shares of the company’s stock worth $1,249,000 after purchasing an additional 417 shares during the period. Signaturefd LLC raised its holdings in shares of Element Solutions by 13.8% during 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 last quarter. Equitable Trust Co. grew its holdings in Element Solutions by 2.2% in the 3rd quarter. Equitable Trust Co. now owns 33,527 shares of the company’s stock worth $911,000 after buying an additional 733 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in 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 acquiring an additional 864 shares in the last quarter. Finally, True Wealth Design LLC acquired a new position in Element Solutions during the 3rd quarter worth $25,000. 92.32% of the stock is owned by institutional investors and hedge funds.

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.