BMO Capital Markets Issues Positive Forecast for Element Solutions (NYSE:ESI) Stock Price

Element Solutions (NYSE:ESI) had its price target upped by investment analysts at BMO Capital Markets from $32.00 to $34.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 27.32% from the company’s current price.

ESI has been the subject of a number of other reports. Wolfe Research upgraded Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th. Barclays boosted their price target on shares of Element Solutions from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Seaport Res Ptn raised shares of Element Solutions to a “strong-buy” rating in a research report on Monday, October 14th. Finally, StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a report on Saturday, November 2nd. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $31.40.

Element Solutions Price Performance

Shares of ESI stock opened at $26.71 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.52 and a quick ratio of 2.77. The company has a market capitalization of $6.47 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 1.51 and a beta of 1.28. The firm’s 50-day moving average is $27.40 and its two-hundred day moving average is $26.57. Element Solutions has a 12 month low of $21.42 and a 12 month high of $29.78.

Element Solutions (NYSE:ESI) last released its quarterly earnings results on Monday, October 28th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. The firm had revenue of $645.00 million for the quarter, compared to analyst estimates of $626.52 million. Element Solutions had a net margin of 11.08% and a return on equity of 14.42%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.36 EPS. Analysts predict that Element Solutions will post 1.44 earnings per share for the current year.

Hedge Funds Weigh In On Element Solutions

Institutional investors have recently modified their holdings of the business. Synovus Financial Corp boosted its holdings in Element Solutions by 7.7% in the third quarter. Synovus Financial Corp now owns 45,286 shares of the company’s stock valued at $1,230,000 after purchasing an additional 3,224 shares during the period. Tidal Investments LLC raised its holdings in shares of Element Solutions by 10.7% in the 3rd quarter. Tidal Investments LLC now owns 51,324 shares of the company’s stock valued at $1,394,000 after purchasing an additional 4,971 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of Element Solutions in the 3rd quarter valued at $3,676,000. Geode Capital Management LLC lifted its position in shares of Element Solutions by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,541,513 shares of the company’s stock worth $96,216,000 after purchasing an additional 18,791 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Element Solutions by 96.0% during the third quarter. Barclays PLC now owns 108,174 shares of the company’s stock worth $2,938,000 after purchasing an additional 52,973 shares in the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

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.