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

Element Solutions (NYSE:ESI) had its target price lifted by BMO Capital Markets from $30.00 to $32.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 14.29% from the stock’s previous close.

Several other equities analysts 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 shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. Finally, Seaport Res Ptn raised shares of Element Solutions to a “strong-buy” rating in a research note on Monday, October 14th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.80.

Element Solutions Trading Up 1.1 %

Shares of Element Solutions stock traded up $0.31 during trading hours on Wednesday, hitting $28.00. The company’s stock had a trading volume of 165,049 shares, compared to its average volume of 1,377,753. The firm has a fifty day moving average of $25.98 and a 200-day moving average of $25.57. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.60 and a current ratio of 3.50. The stock has a market cap of $6.78 billion, a price-to-earnings ratio of 51.39, a P/E/G ratio of 1.53 and a beta of 1.29. Element Solutions has a twelve month low of $17.76 and a twelve month high of $28.68.

Element Solutions (NYSE:ESI) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Element Solutions had a net margin of 8.24% and a return on equity of 14.42%. The business had revenue of $645.00 million during the quarter, compared to analysts’ expectations of $626.52 million. During the same period last year, the business earned $0.36 earnings per share. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. Research analysts forecast that Element Solutions will post 1.43 EPS for the current year.

Hedge Funds Weigh In On Element Solutions

Several large investors have recently bought and sold shares of the business. Quarry LP purchased a new position in shares of Element Solutions during the second quarter worth approximately $31,000. LRI Investments LLC acquired a new position in Element Solutions in the 1st quarter valued at $78,000. EverSource Wealth Advisors LLC raised its position in Element Solutions by 39.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock worth $82,000 after buying an additional 864 shares during the last quarter. Quest Partners LLC lifted its stake in shares of Element Solutions by 14,600.0% in the 2nd quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock worth $88,000 after acquiring an additional 3,212 shares during the period. Finally, Signaturefd LLC boosted its holdings in shares of Element Solutions by 13.8% in the second quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock valued at $100,000 after acquiring an additional 448 shares in the last quarter. 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.