Element Solutions (NYSE:ESI) Lowered to Hold Rating by StockNews.com

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

A number of other equities analysts also recently issued reports on ESI. Wolfe Research upgraded Element Solutions from a "peer perform" rating to an "outperform" rating in a research note on Friday, October 25th. Seaport Res Ptn raised Element Solutions to a "strong-buy" rating in a research report on Monday, October 14th. BMO Capital Markets lifted their price objective on shares of Element Solutions from $30.00 to $32.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, Barclays upped their target price on shares of Element Solutions from $30.00 to $32.00 and gave the stock an "overweight" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Element Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.00.

Element Solutions Stock Up 0.4 %

Element Solutions stock traded up $0.10 during mid-day trading on Friday, reaching $27.20. The stock had a trading volume of 1,329,851 shares, compared to its average volume of 1,720,545. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.60 and a current ratio of 3.52. Element Solutions has a fifty-two week low of $18.19 and a fifty-two week high of $28.68. The stock's 50-day simple moving average is $26.07 and its 200-day simple moving average is $25.61. The firm has a market capitalization of $6.59 billion, a PE ratio of 24.50, a price-to-earnings-growth ratio of 1.50 and a beta of 1.29.

Element Solutions (NYSE:ESI - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. Element Solutions had a net margin of 11.08% and a return on equity of 14.42%. The business had revenue of $645.00 million during the quarter, compared to analyst estimates of $626.52 million. Element Solutions's quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.36 EPS. On average, sell-side analysts forecast that Element Solutions will post 1.44 EPS for the current fiscal year.

Institutional Trading of Element Solutions

A number of large investors have recently added to or reduced their stakes in ESI. Quarry LP bought a new stake in shares of Element Solutions in the second quarter valued at $31,000. LRI Investments LLC purchased a new stake in Element Solutions during the first quarter valued at about $78,000. EverSource Wealth Advisors LLC boosted its position in Element Solutions by 39.4% during the second 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 period. Quest Partners LLC increased its stake in shares of Element Solutions by 14,600.0% in the second quarter. Quest Partners LLC now owns 3,234 shares of the company's stock worth $88,000 after purchasing an additional 3,212 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of Element Solutions by 13.8% in the second 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. Hedge funds and other institutional investors own 92.32% of the company's stock.

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.