Element Solutions Inc (NYSE:ESI) Receives $8.42 Average PT from Brokerages

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.

Element Solutions (NYSE:ESI) last issued its earnings results on Thursday, November 7th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.05. The firm had revenue of $464.70 million during the quarter, compared to analyst estimates of $469.25 million. Element Solutions had a negative net margin of 18.53% and a positive return on equity of 5.76%. The business’s revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.05 earnings per share. On average, research analysts forecast that Element Solutions will post 0.84 earnings per share for the current year.

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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Analyst Recommendations for Element Solutions (NYSE:ESI)

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