Element Solutions (NYSE:ESI) Stock Price Expected to Rise, KeyCorp Analyst Says

Element Solutions (NYSE:ESI) had its price target lifted by stock analysts at KeyCorp from $28.00 to $29.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price target would suggest a potential upside of 19.79% from the company’s current price.

A number of other equities research analysts have also issued reports on the company. Truist Financial raised Element Solutions from a “hold” rating to a “buy” rating and dropped their target price for the company from $28.00 to $24.00 in a research report on Monday, April 14th. UBS Group boosted their price target on Element Solutions from $25.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Mizuho raised their target price on shares of Element Solutions from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, June 13th. The Goldman Sachs Group reduced their price target on Element Solutions from $30.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday, April 28th. Finally, BMO Capital Markets lowered their target price on shares of Element Solutions from $34.00 to $30.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.75.

Element Solutions Stock Down 1.1%

ESI opened at $24.21 on Monday. Element Solutions has a fifty-two week low of $16.77 and a fifty-two week high of $29.78. The company has a market capitalization of $5.87 billion, a P/E ratio of 20.34, a P/E/G ratio of 1.97 and a beta of 1.23. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.95 and a quick ratio of 3.16. The firm’s fifty day moving average price is $22.37 and its two-hundred day moving average price is $23.29.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 11.56%. The firm had revenue of $593.70 million during the quarter, compared to analyst estimates of $576.73 million. During the same period in the prior year, the company posted $0.34 earnings per share. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts anticipate that Element Solutions will post 1.45 EPS for the current year.

Institutional Investors Weigh In On Element Solutions

Several hedge funds and other institutional investors have recently modified their holdings of ESI. TD Private Client Wealth LLC bought a new position in shares of Element Solutions in the 4th quarter worth $27,000. Park Square Financial Group LLC bought a new position in Element Solutions in the fourth quarter valued at $28,000. SVB Wealth LLC purchased a new stake in Element Solutions during the first quarter valued at about $37,000. Fifth Third Bancorp raised its position in Element Solutions by 462.5% during the second quarter. Fifth Third Bancorp now owns 2,160 shares of the company’s stock valued at $49,000 after purchasing an additional 1,776 shares in the last quarter. Finally, Eagle Bay Advisors LLC lifted its stake in Element Solutions by 940.6% during the first quarter. Eagle Bay Advisors LLC now owns 2,279 shares of the company’s stock worth $52,000 after purchasing an additional 2,060 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors.

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.