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

Element Solutions (NYSE:ESI) had its price objective upped by stock analysts at Mizuho from $24.00 to $27.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s price target points to a potential upside of 11.37% from the stock’s current price.

ESI has been the topic of several other reports. BMO Capital Markets decreased their price target on shares of Element Solutions from $34.00 to $30.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. The Goldman Sachs Group reduced their target price on shares of Element Solutions from $30.00 to $24.00 and set a “neutral” rating on the stock in a report on Monday, April 28th. UBS Group boosted their price target on shares of Element Solutions from $25.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Barclays cut their price target on shares of Element Solutions from $30.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. Finally, Bank of America upgraded Element Solutions from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $29.00 to $24.00 in a report on Tuesday, April 15th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.13.

Element Solutions Trading Up 0.2%

NYSE ESI opened at $24.24 on Tuesday. The company has a quick ratio of 3.16, a current ratio of 3.95 and a debt-to-equity ratio of 0.64. The stock’s 50-day simple moving average is $22.44 and its two-hundred day simple moving average is $23.29. Element Solutions has a twelve month low of $16.77 and a twelve month high of $29.78. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 1.75 and a beta of 1.23.

Element Solutions (NYSE:ESI) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. The firm had revenue of $593.70 million for the quarter, compared to analyst estimates of $576.73 million. Element Solutions had a return on equity of 14.42% and a net margin of 11.56%. The company’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.34 EPS. Research analysts forecast that Element Solutions will post 1.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Amalgamated Bank increased its stake in shares of Element Solutions by 479.7% during the first quarter. Amalgamated Bank now owns 67,594 shares of the company’s stock valued at $1,528,000 after buying an additional 55,933 shares during the period. QRG Capital Management Inc. lifted its stake in Element Solutions by 13.3% in the first quarter. QRG Capital Management Inc. now owns 28,196 shares of the company’s stock worth $638,000 after acquiring an additional 3,302 shares during the period. SG Americas Securities LLC purchased a new position in Element Solutions during the 1st quarter valued at $623,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Element Solutions by 110.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 59,102 shares of the company’s stock worth $1,336,000 after purchasing an additional 30,953 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Element Solutions by 48.5% during the 1st quarter. Bank of New York Mellon Corp now owns 1,716,292 shares of the company’s stock valued at $38,805,000 after purchasing an additional 560,346 shares in the last quarter. 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.