Element Solutions (NYSE:ESI) Price Target Increased to $28.00 by Analysts at Mizuho

Element Solutions (NYSE:ESI) had its target price raised by analysts at Mizuho from $26.00 to $28.00 in a report released on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Mizuho’s price target points to a potential upside of 15.99% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Barclays boosted their price objective on shares of Element Solutions from $25.00 to $26.00 and gave the stock an “overweight” rating in a report on Monday, February 26th. TheStreet upgraded shares of Element Solutions from a “c+” rating to a “b” rating in a report on Tuesday, February 20th. The Goldman Sachs Group boosted their price objective on shares of Element Solutions from $22.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, March 5th. UBS Group boosted their price objective on shares of Element Solutions from $24.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Finally, Wolfe Research assumed coverage on shares of Element Solutions in a report on Friday, March 1st. They issued a “peer perform” rating for the company. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.00.

Element Solutions Price Performance

ESI stock opened at $24.14 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.24 and a quick ratio of 2.43. Element Solutions has a one year low of $17.53 and a one year high of $25.81. The stock has a market cap of $5.84 billion, a PE ratio of 49.27, a P/E/G ratio of 2.05 and a beta of 1.32. The firm has a 50 day simple moving average of $24.19 and a two-hundred day simple moving average of $22.31.

Element Solutions (NYSE:ESI) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. Element Solutions had a net margin of 5.06% and a return on equity of 13.51%. The business had revenue of $573.40 million during the quarter, compared to analysts’ expectations of $590.43 million. During the same quarter in the previous year, the company earned $0.29 EPS. The business’s quarterly revenue was down .1% compared to the same quarter last year. On average, analysts predict that Element Solutions will post 1.4 EPS for the current fiscal year.

Insider Activity at Element Solutions

In related news, EVP Michael Goralski sold 1,169 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $23.20, for a total transaction of $27,120.80. Following the completion of the sale, the executive vice president now directly owns 146,297 shares in the company, valued at approximately $3,394,090.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Element Solutions news, CFO Carey J. Dorman sold 1,410 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $23.20, for a total value of $32,712.00. Following the completion of the transaction, the chief financial officer now directly owns 177,113 shares in the company, valued at approximately $4,109,021.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Goralski sold 1,169 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $23.20, for a total transaction of $27,120.80. Following the completion of the transaction, the executive vice president now owns 146,297 shares of the company’s stock, valued at $3,394,090.40. The disclosure for this sale can be found here. Insiders sold 97,203 shares of company stock worth $2,255,110 in the last three months. 7.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC raised its holdings in Element Solutions by 85.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,318 shares of the company’s stock worth $26,000 after purchasing an additional 608 shares in the last quarter. Richardson Financial Services Inc. bought a new position in Element Solutions in the 4th quarter worth $27,000. SRS Capital Advisors Inc. raised its holdings in Element Solutions by 370.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,623 shares of the company’s stock worth $38,000 after purchasing an additional 1,278 shares in the last quarter. CWM LLC raised its holdings in Element Solutions by 95.9% in the 4th quarter. CWM LLC now owns 1,810 shares of the company’s stock worth $42,000 after purchasing an additional 886 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in Element Solutions by 1,585.0% in the 4th quarter. Assetmark Inc. now owns 2,022 shares of the company’s stock worth $47,000 after purchasing an additional 1,902 shares in the last quarter. 92.32% of the stock is currently owned by institutional investors.

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.