Element Solutions (NYSE:ESI) Stock Rating Upgraded by Zacks Research

Element Solutions (NYSE:ESI) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday, Zacks reports.

A number of other analysts also recently commented on ESI. William Blair set a $48.00 price objective on Element Solutions in a research note on Friday, August 28th. Truist Financial raised their target price on Element Solutions from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, October 22nd. Barclays lowered their target price on Element Solutions from $53.00 to $51.00 and set an “overweight” rating on the stock in a report on Friday, October 23rd. Bank of America began coverage on shares of Element Solutions in a research report on Tuesday, September 1st. They issued a “buy” rating and a $42.00 price target on the stock. Finally, Freedom Capital upgraded shares of Element Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 28th. Four analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $46.36.

Element Solutions Trading Up 2.5%

Element Solutions stock opened at $35.00 on Monday. Element Solutions has a 12-month low of $22.86 and a 12-month high of $49.25. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.78 and a quick ratio of 2.06. The stock has a market capitalization of $8.49 billion, a PE ratio of 41.17, a price-to-earnings-growth ratio of 1.14 and a beta of 1.29. The firm has a 50 day simple moving average of $35.18 and a 200-day simple moving average of $36.84.

Element Solutions (NYSE:ESI) last released its earnings results on Wednesday, October 21st. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $995.30 million during the quarter, compared to the consensus estimate of $964.23 million. Element Solutions had a return on equity of 15.45% and a net margin of 5.87%. The firm’s revenue for the quarter was up 51.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 earnings per share. As a group, equities research analysts expect that Element Solutions will post 1.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Brighton Jones LLC acquired a new stake in shares of Element Solutions during the 3rd quarter valued at $205,000. Parallel Advisors LLC increased its stake in shares of Element Solutions by 18.4% in the third quarter. Parallel Advisors LLC now owns 5,914 shares of the company’s stock worth $215,000 after acquiring an additional 921 shares during the last quarter. Argonautica Private Wealth Management Inc. increased its stake in shares of Element Solutions by 12.2% in the third quarter. Argonautica Private Wealth Management Inc. now owns 10,024 shares of the company’s stock worth $364,000 after acquiring an additional 1,089 shares during the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of Element Solutions by 53.6% during the third quarter. Chicago Partners Investment Group LLC now owns 26,633 shares of the company’s stock worth $884,000 after acquiring an additional 9,296 shares in the last quarter. Finally, Provenance Wealth Advisors LLC purchased a new stake in shares of Element Solutions during the third quarter worth $370,000. 92.32% of the stock is owned by institutional investors and hedge funds.

Element Solutions Company Profile

Element Solutions Inc (NYSE: ESI) is a specialty chemicals company that develops and produces materials used in electronics manufacturing and a range of industrial applications. Its products are designed to support processes such as printed circuit board fabrication, semiconductor packaging, electronic assembly, metal finishing, and surface treatment.

Through its electronics-focused businesses, including MacDermid Alpha Solutions, the company supplies solder materials, electronic assembly chemicals, circuit board materials, and semiconductor packaging solutions.