Element Solutions (NYSE:ESI) Given New $25.00 Price Target at UBS Group

Element Solutions (NYSE:ESI - Get Free Report) had its price target cut by equities research analysts at UBS Group from $31.00 to $25.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. UBS Group's price objective would suggest a potential upside of 32.03% from the company's previous close.

Other analysts also recently issued reports about the company. Barclays decreased their target price on Element Solutions from $32.00 to $30.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. BMO Capital Markets boosted their price objective on Element Solutions from $32.00 to $34.00 and gave the company an "outperform" rating in a report on Monday, December 16th. Bank of America upgraded Element Solutions from a "neutral" rating to a "buy" rating and reduced their price target for the company from $29.00 to $24.00 in a research report on Tuesday. KeyCorp dropped their price objective on shares of Element Solutions from $29.00 to $28.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Finally, Truist Financial raised shares of Element Solutions from a "hold" rating to a "buy" rating and lowered their price target for the stock from $28.00 to $24.00 in a report on Monday, April 14th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Element Solutions has an average rating of "Moderate Buy" and an average target price of $27.88.

Element Solutions Stock Performance

Element Solutions stock traded up $0.34 during trading on Tuesday, reaching $18.94. The company had a trading volume of 2,563,301 shares, compared to its average volume of 1,842,303. The firm's 50-day simple moving average is $23.51 and its 200 day simple moving average is $25.52. Element Solutions has a 52 week low of $16.77 and a 52 week high of $29.78. The company has a current ratio of 3.34, a quick ratio of 2.77 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $4.59 billion, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 2.30 and a beta of 1.28.

Element Solutions (NYSE:ESI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.35 earnings per share for the quarter, meeting analysts' consensus estimates of $0.35. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The firm had revenue of $624.20 million during the quarter, compared to analyst estimates of $598.24 million. Sell-side analysts forecast that Element Solutions will post 1.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Martin E. Franklin sold 2,000,000 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $26.10, for a total value of $52,200,000.00. Following the transaction, the director now owns 109,100 shares of the company's stock, valued at $2,847,510. This represents a 94.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Element Solutions

Institutional investors and hedge funds have recently made changes to their positions in the stock. TD Private Client Wealth LLC acquired a new position in Element Solutions during the fourth quarter worth $27,000. Park Square Financial Group LLC acquired a new position in Element Solutions during the 4th quarter worth about $28,000. First Horizon Advisors Inc. boosted its holdings in Element Solutions by 610.7% during the 4th quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company's stock valued at $29,000 after acquiring an additional 971 shares during the period. Trust Co. of Vermont purchased a new position in shares of Element Solutions in the fourth quarter valued at approximately $43,000. Finally, Parkside Financial Bank & Trust acquired a new position in shares of Element Solutions in the fourth quarter worth $48,000. 92.32% of the stock is owned by hedge funds and other institutional investors.

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.