Element Solutions (NYSE:ESI) Stock Gets Price Target Boost from Mizuho

Element Solutions (NYSE:ESI) had its price target hoisted by investment analysts at Mizuho from $42.00 to $44.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Mizuho’s target price would suggest a potential upside of 21.32% from the company’s previous close.

ESI has been the topic of a number of other reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $45.00 price objective on shares of Element Solutions in a research report on Monday, September 21st. Weiss Ratings downgraded shares of Element Solutions from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 10th. Jefferies Financial Group assumed coverage on shares of Element Solutions in a research note on Wednesday, September 2nd. They set a “buy” rating and a $55.00 target price for the company. Barclays assumed coverage on shares of Element Solutions in a report on Monday, October 12th. They set an “overweight” rating and a $53.00 price target on the stock. Finally, Wolfe Research set a $47.00 price target on shares of Element Solutions in a report on Wednesday, July 29th. Four investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Element Solutions currently has a consensus rating of “Buy” and an average price target of $46.36.

Element Solutions Trading Up 1.7%

NYSE:ESI opened at $36.27 on Thursday. The stock has a market cap of $8.84 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 1.32 and a beta of 1.26. Element Solutions has a fifty-two week low of $22.86 and a fifty-two week high of $49.25. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.91 and a quick ratio of 2.11. The stock’s 50-day moving average is $35.65 and its two-hundred day moving average is $38.92.

Element Solutions (NYSE:ESI) last posted its quarterly earnings results on Wednesday, October 21st. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $995.30 million during the quarter, compared to analyst estimates of $964.23 million. Element Solutions had a net margin of 5.67% and a return on equity of 14.88%. The firm’s revenue was up 51.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 earnings per share. As a group, equities research analysts forecast that Element Solutions will post 1.81 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Element Solutions

A number of hedge funds have recently added to or reduced their stakes in ESI. Assetmark Inc. raised its position in Element Solutions by 151.0% during the first quarter. Assetmark Inc. now owns 778 shares of the company’s stock valued at $27,000 after acquiring an additional 468 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Element Solutions in the second quarter valued at approximately $27,000. NewEdge Advisors LLC lifted its stake in Element Solutions by 57.4% in the first quarter. NewEdge Advisors LLC now owns 949 shares of the company’s stock valued at $32,000 after acquiring an additional 346 shares during the last quarter. Fortitude Family Office LLC increased its stake in shares of Element Solutions by 373.1% during the 3rd quarter. Fortitude Family Office LLC now owns 932 shares of the company’s stock worth $34,000 after purchasing an additional 735 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new position in shares of Element Solutions during the 3rd quarter worth $54,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

About Element Solutions

Element Solutions Inc (NYSE: ESI) is a specialty chemicals company that develops and produces materials used in electronics manufacturing and a range of industrial applications. Its products are designed to support processes such as printed circuit board fabrication, semiconductor packaging, electronic assembly, metal finishing, and surface treatment.

Through its electronics-focused businesses, including MacDermid Alpha Solutions, the company supplies solder materials, electronic assembly chemicals, circuit board materials, and semiconductor packaging solutions.