Element Solutions (NYSE:ESI) Rating Increased to Strong-Buy at Seaport Res Ptn

Element Solutions (NYSE:ESI - Get Free Report) was upgraded by equities research analysts at Seaport Res Ptn to a "strong-buy" rating in a research report issued on Monday, Zacks.com reports.

Several other equities analysts have also weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of Element Solutions from $26.00 to $29.00 and gave the company a "neutral" rating in a report on Thursday, June 27th. UBS Group raised their price target on Element Solutions from $30.00 to $33.00 and gave the stock a "buy" rating in a research report on Monday, June 24th. Finally, StockNews.com raised Element Solutions from a "hold" rating to a "buy" rating in a research note on Tuesday, September 24th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $29.40.

Element Solutions Price Performance

Element Solutions stock traded down $0.50 during mid-day trading on Monday, hitting $25.68. 1,331,051 shares of the company were exchanged, compared to its average volume of 1,338,029. The company has a market capitalization of $6.22 billion, a PE ratio of 47.54, a price-to-earnings-growth ratio of 1.39 and a beta of 1.29. The business has a fifty day moving average of $25.80 and a 200 day moving average of $25.49. Element Solutions has a 1-year low of $17.57 and a 1-year high of $28.68. 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 (NYSE:ESI - Get Free Report) last released its quarterly earnings results on Monday, July 29th. The company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 8.24%. The business had revenue of $613.00 million for the quarter, compared to analyst estimates of $606.95 million. During the same period in the prior year, the company earned $0.31 EPS. Element Solutions's revenue for the quarter was up 4.6% on a year-over-year basis. As a group, sell-side analysts expect that Element Solutions will post 1.44 earnings per share for the current year.

Institutional Investors Weigh In On Element Solutions

Several large investors have recently modified their holdings of ESI. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Element Solutions by 14.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,289,741 shares of the company's stock worth $143,458,000 after purchasing an additional 676,432 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Element Solutions by 6.6% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 5,106,554 shares of the company's stock worth $138,490,000 after acquiring an additional 315,645 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Element Solutions by 149.2% during the second quarter. Marshall Wace LLP now owns 3,934,310 shares of the company's stock worth $106,698,000 after acquiring an additional 2,355,554 shares during the period. Clearbridge Investments LLC lifted its position in Element Solutions by 16.9% in the 1st quarter. Clearbridge Investments LLC now owns 2,061,060 shares of the company's stock valued at $51,485,000 after acquiring an additional 298,668 shares in the last quarter. Finally, Capital World Investors acquired a new position in Element Solutions in the 1st quarter worth $44,527,000. 92.32% of the stock is currently owned by 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.