Element Solutions (NYSE:ESI) Upgraded at StockNews.com

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

A number of other analysts also recently weighed in on the stock. Mizuho upped their target price on shares of Element Solutions from $28.00 to $29.00 and gave the stock a "buy" rating in a research report on Wednesday, June 12th. UBS Group upped their price target on Element Solutions from $30.00 to $33.00 and gave the stock a "buy" rating in a research note on Monday, June 24th. BMO Capital Markets reiterated an "outperform" rating and set a $30.00 price objective (up previously from $28.00) on shares of Element Solutions in a research note on Wednesday, June 12th. Finally, The Goldman Sachs Group increased their target price on Element Solutions from $26.00 to $29.00 and gave the stock a "neutral" rating in a research note on Thursday, June 27th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $29.40.

Element Solutions Trading Up 1.6 %

Shares of NYSE:ESI traded up $0.42 on Tuesday, hitting $26.13. The company had a trading volume of 958,564 shares, compared to its average volume of 1,355,644. The firm's 50-day simple moving average is $25.88 and its two-hundred day simple moving average is $25.30. The firm has a market capitalization of $6.33 billion, a price-to-earnings ratio of 48.39, a P/E/G ratio of 1.38 and a beta of 1.29. The company has a quick ratio of 2.60, a current ratio of 3.50 and a debt-to-equity ratio of 0.80. Element Solutions has a 1 year low of $17.57 and a 1 year high of $28.68.

Element Solutions (NYSE:ESI - Get Free Report) last posted its quarterly earnings data on Monday, July 29th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $613.00 million for the quarter, compared to analysts' expectations of $606.95 million. Element Solutions had a return on equity of 14.42% and a net margin of 8.24%. The business's revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.31 EPS. Equities analysts anticipate that Element Solutions will post 1.45 earnings per share for the current fiscal year.

Institutional Trading of Element Solutions

A number of institutional investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in Element Solutions during the second quarter valued at approximately $145,000. Dana Investment Advisors Inc. boosted its position in Element Solutions by 5.0% in the second quarter. Dana Investment Advisors Inc. now owns 62,482 shares of the company's stock worth $1,695,000 after purchasing an additional 2,990 shares during the last quarter. Point72 Asset Management L.P. grew its stake in shares of Element Solutions by 124.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 425,444 shares of the company's stock valued at $11,538,000 after purchasing an additional 235,668 shares during the period. Quarry LP purchased a new stake in shares of Element Solutions during the 2nd quarter valued at about $31,000. Finally, Creative Planning lifted its stake in shares of Element Solutions by 24.0% in the 2nd quarter. Creative Planning now owns 15,580 shares of the company's stock worth $423,000 after purchasing an additional 3,020 shares during the period. Hedge funds and other 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.