Element Solutions (NYSE:ESI) Price Target Cut to $27.00 by Analysts at Barclays

Element Solutions (NYSE:ESI - Get Free Report) had its price objective reduced by equities research analysts at Barclays from $30.00 to $27.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's price target would suggest a potential upside of 32.73% from the company's previous close.

A number of other analysts have also recently issued reports on ESI. BMO Capital Markets cut their target price on shares of Element Solutions from $34.00 to $30.00 and set an "outperform" rating for the company in a research note on Friday. UBS Group cut their price objective on shares of Element Solutions from $31.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Bank of America raised Element Solutions from a "neutral" rating to a "buy" rating and dropped their price objective for the company from $29.00 to $24.00 in a report on Tuesday, April 15th. StockNews.com downgraded shares of Element Solutions from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Finally, Truist Financial upgraded shares of Element Solutions from a "hold" rating to a "buy" rating and cut their target price for the company from $28.00 to $24.00 in a research report on Monday, April 14th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $27.00.

Element Solutions Stock Up 0.7 %

Shares of NYSE:ESI traded up $0.14 during mid-day trading on Monday, reaching $20.34. 79,698 shares of the stock were exchanged, compared to its average volume of 3,137,508. The stock's 50 day simple moving average is $22.84 and its 200-day simple moving average is $25.28. The company has a quick ratio of 2.77, a current ratio of 3.34 and a debt-to-equity ratio of 0.76. Element Solutions has a one year low of $16.77 and a one year high of $29.78. The company has a market cap of $4.93 billion, a P/E ratio of 19.94, a P/E/G ratio of 2.30 and a beta of 1.28.

Element Solutions (NYSE:ESI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. The firm had revenue of $593.70 million during the quarter, compared to analysts' expectations of $576.73 million. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. During the same quarter last year, the company posted $0.34 earnings per share. As a group, equities research analysts predict that Element Solutions will post 1.45 EPS for the current year.

Insider Buying and Selling at Element Solutions

In related news, Director Martin E. Franklin sold 2,000,000 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were 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 approximately $2,847,510. This trade represents a 94.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 7.90% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ESI. Park Avenue Securities LLC lifted its holdings in Element Solutions by 79.0% during the fourth quarter. Park Avenue Securities LLC now owns 60,612 shares of the company's stock worth $1,541,000 after acquiring an additional 26,753 shares during the period. Proficio Capital Partners LLC bought a new stake in Element Solutions in the 4th quarter valued at about $423,000. Charles Schwab Investment Management Inc. boosted its holdings in Element Solutions by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,328,894 shares of the company's stock valued at $59,224,000 after purchasing an additional 29,253 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Element Solutions by 18.6% in the 4th quarter. Principal Financial Group Inc. now owns 74,709 shares of the company's stock valued at $1,900,000 after acquiring an additional 11,702 shares in the last quarter. Finally, Boston Partners purchased a new position in Element Solutions in the fourth quarter worth $24,169,000. 92.32% of the stock is 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.

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