Element Solutions (NYSE:ESI) Earns Neutral Rating from Bank of America

Element Solutions (NYSE:ESI - Get Free Report)'s stock had its "neutral" rating restated by equities researchers at Bank of America in a research report issued on Tuesday, MarketBeat reports. They presently have a $28.00 target price on the stock, down from their previous target price of $32.00. Bank of America's price objective would suggest a potential upside of 12.45% from the stock's previous close.

Several other brokerages also recently weighed in on ESI. Seaport Res Ptn raised shares of Element Solutions to a "strong-buy" rating in a report on Monday, October 14th. Barclays increased their target price on Element Solutions from $30.00 to $32.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. StockNews.com cut Element Solutions from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. BMO Capital Markets raised their target price 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. Finally, Wolfe Research upgraded Element Solutions from a "peer perform" rating to an "outperform" rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $30.83.

Element Solutions Stock Performance

Shares of NYSE:ESI traded down $0.10 during midday trading on Tuesday, hitting $24.90. The company had a trading volume of 2,586,911 shares, compared to its average volume of 1,602,039. Element Solutions has a 12-month low of $21.42 and a 12-month high of $29.78. The company has a fifty day moving average of $27.06 and a two-hundred day moving average of $26.53. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 1.51 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:ESI - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. The business had revenue of $645.00 million during the quarter, compared to analysts' expectations of $626.52 million. During the same quarter in the prior year, the business posted $0.36 earnings per share. The business's quarterly revenue was up 7.6% on a year-over-year basis. On average, equities research analysts expect that Element Solutions will post 1.44 EPS for the current fiscal year.

Institutional Trading of Element Solutions

A number of institutional investors have recently modified their holdings of ESI. US Bancorp DE grew its stake in shares of Element Solutions by 0.9% during the third quarter. US Bancorp DE now owns 46,005 shares of the company's stock worth $1,249,000 after acquiring an additional 417 shares during the last quarter. Equitable Trust Co. raised its stake in shares of Element Solutions by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 33,527 shares of the company's stock valued at $911,000 after buying an additional 733 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Element Solutions by 39.4% in the second 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 during the period. True Wealth Design LLC purchased a new stake in Element Solutions during the third quarter worth $25,000. Finally, KBC Group NV increased its stake in shares of Element Solutions by 16.7% in the 3rd quarter. KBC Group NV now owns 6,901 shares of the company's stock valued at $187,000 after purchasing an additional 987 shares in the last quarter. 92.32% of the stock is currently owned by institutional investors.

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.