Element Solutions (NYSE:ESI) Price Target Raised to $32.00 at BMO Capital Markets

Element Solutions (NYSE:ESI) had its target price lifted by analysts at BMO Capital Markets from $30.00 to $32.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 18.10% from the stock’s current price.

A number of other research firms have also issued reports on ESI. StockNews.com lowered Element Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Wolfe Research raised Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th. Finally, Seaport Res Ptn raised Element Solutions to a “strong-buy” rating in a research note on Monday, October 14th. Two investment 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $31.00.

Element Solutions Trading Down 1.9 %

NYSE:ESI opened at $27.10 on Wednesday. The company has a market capitalization of $6.56 billion, a PE ratio of 24.41, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29. Element Solutions has a 52-week low of $17.76 and a 52-week high of $28.68. The stock has a fifty day simple moving average of $26.01 and a 200-day simple moving average of $25.58. The company has a quick ratio of 2.60, a current ratio of 3.52 and a debt-to-equity ratio of 0.78.

Element Solutions (NYSE:ESI) last announced its earnings results on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $645.00 million during 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 firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 earnings per share. On average, equities research analysts expect that Element Solutions will post 1.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Element Solutions

Several large investors have recently added to or reduced their stakes in ESI. US Bancorp DE grew its holdings in Element Solutions by 0.9% in the 3rd quarter. US Bancorp DE now owns 46,005 shares of the company’s stock valued at $1,249,000 after buying an additional 417 shares during the period. Signaturefd LLC boosted its position 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 acquiring an additional 448 shares during the last quarter. QRG Capital Management Inc. boosted its position in shares of Element Solutions by 7.5% in the second quarter. QRG Capital Management Inc. now owns 11,389 shares of the company’s stock worth $309,000 after acquiring an additional 798 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Element Solutions by 39.4% in the second quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock valued at $82,000 after purchasing an additional 864 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in Element Solutions by 2.1% during the second quarter. The Manufacturers Life Insurance Company now owns 50,883 shares of the company’s stock worth $1,380,000 after purchasing an additional 1,036 shares during the last quarter. 92.32% of the stock is currently 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.