Element Solutions (NYSE:ESI) PT Raised to $28.00 at Mizuho

Element Solutions (NYSE:ESI) had its target price lifted by stock analysts at Mizuho from $26.00 to $28.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Mizuho’s price objective would suggest a potential upside of 20.07% from the stock’s previous close.

ESI has been the topic of several other reports. Wolfe Research started coverage on shares of Element Solutions in a report on Friday, March 1st. They issued a “peer perform” rating on the stock. TheStreet raised shares of Element Solutions from a “c+” rating to a “b” rating in a research report on Tuesday, February 20th. StockNews.com cut shares of Element Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. The Goldman Sachs Group boosted their target price on shares of Element Solutions from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Tuesday, March 5th. Finally, UBS Group boosted their target price on shares of Element Solutions from $24.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $26.00.

Element Solutions Price Performance

NYSE:ESI opened at $23.32 on Tuesday. Element Solutions has a one year low of $17.53 and a one year high of $25.81. The company has a market cap of $5.64 billion, a P/E ratio of 43.19, a P/E/G ratio of 2.08 and a beta of 1.32. The firm’s fifty day moving average price is $24.19 and its two-hundred day moving average price is $22.35. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.24 and a quick ratio of 2.43.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Monday, April 29th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. Element Solutions had a net margin of 5.62% and a return on equity of 14.02%. The firm had revenue of $575.00 million for the quarter, compared to the consensus estimate of $588.17 million. During the same period in the previous year, the company earned $0.30 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. Equities analysts expect that Element Solutions will post 1.4 earnings per share for the current year.

Insider Buying and Selling at Element Solutions

In other Element Solutions news, CEO Benjamin Gliklich sold 61,667 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $23.20, for a total value of $1,430,674.40. Following the sale, the chief executive officer now owns 704,395 shares of the company’s stock, valued at approximately $16,341,964. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Element Solutions news, CEO Benjamin Gliklich sold 61,667 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $23.20, for a total transaction of $1,430,674.40. Following the completion of the transaction, the chief executive officer now owns 704,395 shares of the company’s stock, valued at $16,341,964. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Goralski sold 1,169 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $23.20, for a total transaction of $27,120.80. Following the completion of the sale, the executive vice president now owns 146,297 shares in the company, valued at $3,394,090.40. The disclosure for this sale can be found here. Insiders sold a total of 97,203 shares of company stock worth $2,255,110 over the last three months. Corporate insiders own 7.90% of the company’s stock.

Institutional Trading of Element Solutions

A number of hedge funds have recently added to or reduced their stakes in ESI. Invesco Ltd. boosted its position in Element Solutions by 47.2% in the third quarter. Invesco Ltd. now owns 4,403,980 shares of the company’s stock valued at $86,362,000 after buying an additional 1,412,706 shares in the last quarter. Vanguard Group Inc. boosted its position in Element Solutions by 4.8% in the third quarter. Vanguard Group Inc. now owns 22,719,174 shares of the company’s stock valued at $445,523,000 after buying an additional 1,035,756 shares in the last quarter. Glenview Capital Management LLC boosted its position in Element Solutions by 35.2% in the fourth quarter. Glenview Capital Management LLC now owns 3,762,620 shares of the company’s stock valued at $87,067,000 after buying an additional 979,798 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its position in Element Solutions by 10,622.4% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 848,567 shares of the company’s stock valued at $19,636,000 after buying an additional 840,653 shares in the last quarter. Finally, FMR LLC boosted its position in Element Solutions by 4.3% in the third quarter. FMR LLC now owns 19,232,761 shares of the company’s stock valued at $377,154,000 after buying an additional 798,662 shares in the last quarter. Institutional investors and hedge funds 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.