Mizuho Issues Positive Forecast for Element Solutions (NYSE:ESI) Stock Price

Element Solutions (NYSE:ESI) had its price target boosted by equities research analysts at Mizuho from $29.00 to $35.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s target price would suggest a potential upside of 8.21% from the company’s current price.

A number of other equities research analysts have also recently commented on the stock. CJS Securities upgraded shares of Element Solutions to a “strong-buy” rating in a report on Thursday, December 11th. KeyCorp raised their target price on Element Solutions from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Bank of America boosted their target price on Element Solutions from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, January 26th. UBS Group increased their price target on Element Solutions from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Element Solutions in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Element Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $32.25.

Element Solutions Trading Down 0.0%

Shares of ESI stock opened at $32.35 on Wednesday. Element Solutions has a fifty-two week low of $16.77 and a fifty-two week high of $33.34. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.28 and a current ratio of 4.05. The stock has a 50 day simple moving average of $28.17 and a two-hundred day simple moving average of $26.58. The company has a market cap of $7.83 billion, a P/E ratio of 32.67, a PEG ratio of 1.37 and a beta of 1.28.

Element Solutions (NYSE:ESI) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. The company had revenue of $676.20 million during the quarter, compared to the consensus estimate of $632.40 million. Element Solutions had a net margin of 9.58% and a return on equity of 14.01%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 EPS. Research analysts forecast that Element Solutions will post 1.45 earnings per share for the current year.

Insiders Place Their Bets

In other Element Solutions news, insider Matthew Liebowitz sold 37,000 shares of Element Solutions stock in a transaction on Friday, December 12th. The shares were sold at an average price of $26.60, for a total transaction of $984,200.00. Following the transaction, the insider directly owned 117,393 shares of the company’s stock, valued at $3,122,653.80. The trade was a 23.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Millennium Management LLC grew its position in Element Solutions by 339.3% in the 1st quarter. Millennium Management LLC now owns 446,622 shares of the company’s stock worth $10,098,000 after purchasing an additional 344,950 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Element Solutions by 60.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,894,061 shares of the company’s stock worth $42,825,000 after buying an additional 712,466 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Element Solutions by 4.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 872,451 shares of the company’s stock valued at $19,726,000 after acquiring an additional 37,204 shares in the last quarter. Focus Partners Wealth bought a new position in shares of Element Solutions in the first quarter valued at approximately $400,000. Finally, Atria Wealth Solutions Inc. purchased a new stake in shares of Element Solutions during the second quarter valued at approximately $246,000. 92.32% of the stock is owned by institutional investors.

Element Solutions Company Profile

Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.