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

Element Solutions (NYSE:ESI) had its target price raised by investment analysts at Mizuho from $24.00 to $27.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s price target suggests a potential upside of 11.37% from the company’s previous close.

A number of other research analysts have also recently issued reports on the stock. Bank of America raised shares of Element Solutions from a “neutral” rating to a “buy” rating and lowered their price target for the company from $29.00 to $24.00 in a research report on Tuesday, April 15th. Barclays decreased their target price on shares of Element Solutions from $30.00 to $27.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. Truist Financial upgraded shares of Element Solutions from a “hold” rating to a “buy” rating and lowered their target price for the company from $28.00 to $24.00 in a report on Monday, April 14th. BMO Capital Markets cut their price target on Element Solutions from $34.00 to $30.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Finally, UBS Group raised their price objective on Element Solutions from $25.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Element Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $27.13.

Element Solutions Trading Up 0.2%

ESI opened at $24.24 on Tuesday. The stock has a market cap of $5.88 billion, a PE ratio of 20.37, a PEG ratio of 1.75 and a beta of 1.23. The business has a 50 day moving average of $22.44 and a 200-day moving average of $23.29. Element Solutions has a 52 week low of $16.77 and a 52 week high of $29.78. The company has a quick ratio of 3.16, a current ratio of 3.95 and a debt-to-equity ratio of 0.64.

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. Element Solutions had a return on equity of 14.42% and a net margin of 11.56%. The business had revenue of $593.70 million during the quarter, compared to analyst estimates of $576.73 million. During the same quarter last year, the firm posted $0.34 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities research analysts predict that Element Solutions will post 1.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Element Solutions

Institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC lifted its position in Element Solutions by 1.8% in the 4th quarter. Integrated Wealth Concepts LLC now owns 23,979 shares of the company’s stock valued at $610,000 after acquiring an additional 423 shares in the last quarter. Avantax Advisory Services Inc. raised its stake in shares of Element Solutions by 4.0% in the fourth quarter. Avantax Advisory Services Inc. now owns 11,297 shares of the company’s stock worth $287,000 after purchasing an additional 430 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Element Solutions by 1.2% during the first quarter. Mackenzie Financial Corp now owns 45,210 shares of the company’s stock valued at $1,022,000 after purchasing an additional 529 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of Element Solutions by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 98,398 shares of the company’s stock valued at $2,502,000 after purchasing an additional 610 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of Element Solutions by 7.1% during the first quarter. KBC Group NV now owns 10,319 shares of the company’s stock valued at $233,000 after buying an additional 681 shares during 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.