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

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

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

Element Solutions Stock Performance

ESI traded down $0.31 on Wednesday, reaching $25.48. The stock had a trading volume of 1,993,396 shares, compared to its average volume of 1,476,119. The business’s 50-day moving average price is $27.28 and its two-hundred day moving average price is $26.59. The company has a market cap of $6.17 billion, a P/E ratio of 22.95, a price-to-earnings-growth ratio of 1.51 and a beta of 1.30. Element Solutions has a 12-month low of $21.42 and a 12-month high of $29.78. The company has a current ratio of 3.52, a quick ratio of 2.77 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 for the quarter, beating the consensus estimate of $0.38 by $0.01. The firm had revenue of $645.00 million during the quarter, compared to analyst estimates of $626.52 million. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. Element Solutions’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.36 EPS. Sell-side analysts forecast that Element Solutions will post 1.44 earnings per share for the current year.

Institutional Trading of Element Solutions

A number of hedge funds have recently bought and sold shares of ESI. True Wealth Design LLC acquired a new position in shares of Element Solutions during the 3rd quarter worth approximately $25,000. Quarry LP acquired a new position in Element Solutions during the second quarter worth $31,000. EverSource Wealth Advisors LLC boosted its stake in Element Solutions by 39.4% during the second quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock worth $82,000 after buying an additional 864 shares during the last quarter. Quest Partners LLC grew its holdings in 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 buying an additional 3,212 shares in the last quarter. Finally, Copeland Capital Management LLC acquired a new stake in shares of Element Solutions in the 3rd quarter worth $113,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

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.