Element Solutions (NYSE:ESI) Raised to "Buy" at StockNews.com

Element Solutions (NYSE:ESI - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Wednesday.

Several other equities research analysts have also recently weighed in on ESI. BMO Capital Markets increased their price objective on Element Solutions from $32.00 to $34.00 and gave the stock an "outperform" rating in a report on Monday, December 16th. 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 report on Friday, October 25th. Finally, Barclays raised their target price on shares of Element Solutions from $30.00 to $32.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Element Solutions currently has an average rating of "Buy" and a consensus target price of $31.40.

Element Solutions Trading Up 0.8 %

Shares of NYSE ESI traded up $0.20 during mid-day trading on Wednesday, hitting $25.74. The stock had a trading volume of 524,706 shares, compared to its average volume of 1,355,710. The business has a 50 day moving average price of $27.39 and a two-hundred day moving average price of $26.66. Element Solutions has a 1 year low of $21.42 and a 1 year high of $29.78. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.77 and a current ratio of 3.52. The firm has a market cap of $6.23 billion, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 1.51 and a beta of 1.28.

Element Solutions (NYSE:ESI - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $645.00 million for the quarter, compared to analysts' expectations of $626.52 million. Element Solutions had a net margin of 11.08% and a return on equity of 14.42%. The company'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 company earned $0.36 earnings per share. On average, equities analysts anticipate that Element Solutions will post 1.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Element Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in ESI. True Wealth Design LLC bought a new stake in shares of Element Solutions in the 3rd quarter worth approximately $25,000. Quarry LP purchased a new stake in shares of Element Solutions in the second quarter worth $31,000. EverSource Wealth Advisors LLC raised its position in shares of Element Solutions by 39.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company's stock worth $82,000 after purchasing an additional 864 shares during the last quarter. Quest Partners LLC raised its position in shares of Element Solutions by 14,600.0% in the 2nd quarter. Quest Partners LLC now owns 3,234 shares of the company's stock worth $88,000 after purchasing an additional 3,212 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in Element Solutions by 13.8% in the 2nd quarter. Signaturefd LLC now owns 3,683 shares of the company's stock worth $100,000 after purchasing an additional 448 shares in the last quarter. Institutional investors own 92.32% of the company's stock.

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.

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