Element Solutions Inc. (NYSE:ESI) Receives Average Rating of “Buy” from Analysts

Element Solutions Inc. (NYSE:ESI) has been given an average recommendation of “Buy” by the eleven analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and three have assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $39.5714.

ESI has been the subject of several analyst reports. Bank of America upped their price objective on Element Solutions from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, January 26th. KeyCorp upped their price objective on Element Solutions from $34.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. BMO Capital Markets upped their price objective on Element Solutions from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Weiss Ratings restated a “hold (c+)” rating on shares of Element Solutions in a research report on Wednesday, January 21st. Finally, Mizuho upped their price objective on shares of Element Solutions from $29.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th.

Element Solutions Stock Down 1.6%

ESI stock opened at $43.54 on Friday. The company has a fifty day moving average price of $36.66 and a 200 day moving average price of $31.19. Element Solutions has a 12 month low of $20.80 and a 12 month high of $45.51. The company has a market cap of $10.61 billion, a price-to-earnings ratio of 70.23, a price-to-earnings-growth ratio of 1.54 and a beta of 1.27. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.68 and a quick ratio of 1.91.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.38 by $0.03. The firm had revenue of $840.00 million during the quarter, compared to the consensus estimate of $710.51 million. Element Solutions had a return on equity of 14.19% and a net margin of 5.32%.The firm’s revenue was up 41.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 EPS. Sell-side analysts expect that Element Solutions will post 1.78 earnings per share for the current year.

Insider Buying and Selling

In other Element Solutions news, Director E Stanley Oneal sold 143,564 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $35.52, for a total transaction of $5,099,393.28. Following the completion of the transaction, the director owned 147,832 shares in the company, valued at approximately $5,250,992.64. This represents a 49.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.20% of the company’s stock.

Hedge Funds Weigh In On Element Solutions

A number of large investors have recently bought and sold shares of ESI. Parallel Advisors LLC raised its stake in shares of Element Solutions by 16.4% during the 4th quarter. Parallel Advisors LLC now owns 2,455 shares of the company’s stock worth $61,000 after buying an additional 345 shares in the last quarter. MML Investors Services LLC raised its stake in shares of Element Solutions by 0.3% during the 4th quarter. MML Investors Services LLC now owns 125,877 shares of the company’s stock worth $3,146,000 after buying an additional 355 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Element Solutions by 0.8% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 51,200 shares of the company’s stock worth $1,289,000 after buying an additional 400 shares in the last quarter. Quarry LP raised its stake in shares of Element Solutions by 27.3% during the 3rd quarter. Quarry LP now owns 2,011 shares of the company’s stock worth $51,000 after buying an additional 431 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Element Solutions by 6.2% during the 3rd quarter. Versant Capital Management Inc now owns 7,415 shares of the company’s stock worth $187,000 after buying an additional 433 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 is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.