Shares of Element Solutions Inc (NYSE:ESI) have been given a consensus rating of “Hold” by the seven analysts that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $8.42.
A number of brokerages have recently issued reports on ESI. Barclays reissued a “hold” rating and set a $11.00 target price on shares of Element Solutions in a research note on Wednesday, August 7th. ValuEngine lowered shares of Element Solutions from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. CIBC reissued an “average” rating and set a $5.00 target price on shares of Element Solutions in a research note on Tuesday, October 15th. SunTrust Banks lowered their target price on shares of Element Solutions from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Friday, October 11th. Finally, Zacks Investment Research lowered shares of Element Solutions from a “hold” rating to a “sell” rating and set a $10.00 target price for the company. in a research note on Thursday, October 10th.
Shares of ESI traded up $0.32 during trading hours on Tuesday, reaching $11.73. 4,582,488 shares of the company traded hands, compared to its average volume of 2,412,126. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 83.79 and a beta of 2.13. Element Solutions has a 12-month low of $8.55 and a 12-month high of $12.74. The company has a current ratio of 2.74, a quick ratio of 2.14 and a debt-to-equity ratio of 0.68. The stock’s fifty day moving average price is $10.40 and its 200 day moving average price is $10.17.
In other Element Solutions news, COO Scot Benson acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average cost of $9.37 per share, with a total value of $93,700.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 13.30% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. State of New Jersey Common Pension Fund D purchased a new stake in Element Solutions in the third quarter worth about $2,390,000. Symons Capital Management Inc. purchased a new stake in Element Solutions in the second quarter worth about $122,000. Public Employees Retirement System of Ohio bought a new position in Element Solutions in the second quarter worth about $750,000. Lapides Asset Management LLC bought a new position in Element Solutions in the third quarter worth about $1,209,000. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in Element Solutions in the second quarter worth about $152,598,000. 87.99% of the stock is owned by institutional investors.
About Element Solutions
Element Solutions Inc produces and sells specialty chemical products worldwide. The company operates through two segments, Electronics and Industrial & Specialty. The Electronics segment researches, formulates, and delivers specialty chemicals and materials for various types of electronics hardware products.
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