Element Solutions (NYSE:ESI) Rating Increased to Buy at Truist Financial

Element Solutions (NYSE:ESI - Get Free Report) was upgraded by Truist Financial from a "hold" rating to a "buy" rating in a report released on Monday, Marketbeat.com reports. The brokerage presently has a $24.00 price target on the stock, down from their prior price target of $28.00. Truist Financial's price target indicates a potential upside of 26.75% from the company's previous close.

Several other analysts have also weighed in on the stock. StockNews.com lowered shares of Element Solutions from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. KeyCorp initiated coverage on shares of Element Solutions in a research note on Thursday, April 3rd. They issued an "overweight" rating and a $29.00 price target for the company. BMO Capital Markets increased their price objective on shares of Element Solutions from $32.00 to $34.00 and gave the stock an "outperform" rating in a research report on Monday, December 16th. 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. Finally, Bank of America reaffirmed a "neutral" rating and set a $28.00 price target (down from $32.00) on shares of Element Solutions in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $27.88.

Element Solutions Trading Up 1.8 %

NYSE ESI traded up $0.34 during mid-day trading on Monday, reaching $18.94. 2,563,301 shares of the stock were exchanged, compared to its average volume of 1,842,303. The stock has a market cap of $4.59 billion, a P/E ratio of 18.56, a P/E/G ratio of 2.30 and a beta of 1.28. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.34 and a quick ratio of 2.77. Element Solutions has a one year low of $16.77 and a one year high of $29.78. The stock has a 50 day simple moving average of $23.51 and a 200-day simple moving average of $25.52.

Element Solutions (NYSE:ESI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.35 earnings per share for the quarter, hitting the consensus estimate 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. On average, analysts anticipate that Element Solutions will post 1.45 EPS for the current year.

Insider Buying and Selling at Element Solutions

In other news, Director Martin E. Franklin sold 2,000,000 shares of Element Solutions stock in a transaction dated 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 completion of the transaction, the director now owns 109,100 shares of the company's stock, valued at $2,847,510. The trade was a 94.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.90% of the company's stock.

Institutional Trading of Element Solutions

Several institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC grew its holdings in shares of Element Solutions by 1.8% during the fourth quarter. Integrated Wealth Concepts LLC now owns 23,979 shares of the company's stock valued at $610,000 after buying an additional 423 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of Element Solutions by 4.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 11,297 shares of the company's stock valued at $287,000 after purchasing an additional 430 shares in the last quarter. Arizona State Retirement System raised its position in Element Solutions by 0.8% in the 4th quarter. Arizona State Retirement System now owns 66,761 shares of the company's stock worth $1,698,000 after buying an additional 545 shares during the last quarter. Equitable Trust Co. raised its position in Element Solutions by 1.7% in the 4th quarter. Equitable Trust Co. now owns 34,103 shares of the company's stock worth $867,000 after buying an additional 576 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in Element Solutions by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 98,398 shares of the company's stock valued at $2,502,000 after acquiring an additional 610 shares during the period. 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.