Element Solutions (NYSE:ESI) Earns Neutral Rating from Bank of America

Element Solutions (NYSE:ESI)‘s stock had its “neutral” rating reissued by investment analysts at Bank of America in a research note issued on Tuesday, Marketbeat Ratings reports. They currently have a $28.00 price target on the stock, down from their previous price target of $32.00. Bank of America‘s price target would suggest a potential upside of 9.63% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on ESI. Wolfe Research raised shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th. Barclays increased their target price on Element Solutions from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. BMO Capital Markets upped their price target 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. Seaport Res Ptn upgraded shares of Element Solutions to a “strong-buy” rating in a research report on Monday, October 14th. Finally, StockNews.com cut Element Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.83.

Element Solutions Trading Up 2.7 %

NYSE:ESI opened at $25.54 on Tuesday. The company has a market cap of $6.18 billion, a PE ratio of 23.01, a P/E/G ratio of 1.51 and a beta of 1.30. The business’s 50 day moving average is $26.99 and its two-hundred day moving average is $26.53. The company has a quick ratio of 2.77, a current ratio of 3.52 and a debt-to-equity ratio of 0.78. Element Solutions has a 52 week low of $21.42 and a 52 week high of $29.78.

Element Solutions (NYSE:ESI) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. The firm had revenue of $645.00 million for the quarter, compared to analysts’ expectations of $626.52 million. During the same period last year, the business posted $0.36 earnings per share. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, analysts predict that Element Solutions will post 1.44 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ESI. Trust Co. of Vermont bought a new position in shares of Element Solutions during the 4th quarter valued at about $43,000. Park Avenue Securities LLC boosted its holdings in Element Solutions by 79.0% during the fourth quarter. Park Avenue Securities LLC now owns 60,612 shares of the company’s stock worth $1,541,000 after buying an additional 26,753 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in Element Solutions in the fourth quarter worth approximately $1,947,000. Moody National Bank Trust Division increased its holdings in shares of Element Solutions by 20.3% in the fourth quarter. Moody National Bank Trust Division now owns 37,888 shares of the company’s stock valued at $963,000 after buying an additional 6,402 shares in the last quarter. Finally, Reinhart Partners LLC. lifted its position in shares of Element Solutions by 2.8% during the 4th quarter. Reinhart Partners LLC. now owns 1,275,161 shares of the company’s stock valued at $32,427,000 after acquiring an additional 34,274 shares during the last quarter. 92.32% of the stock is owned by institutional investors and hedge funds.

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.