BMO Capital Markets Issues Positive Forecast for Element Solutions (NYSE:ESI) Stock Price

Element Solutions (NYSE:ESI) had its target price raised by analysts at BMO Capital Markets from $45.00 to $50.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 14.38% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Freedom Capital upgraded Element Solutions to a “strong-buy” rating in a research report on Friday, March 27th. Mizuho increased their target price on Element Solutions from $47.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Element Solutions in a research note on Tuesday, May 19th. UBS Group boosted their price target on Element Solutions to $52.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Seaport Research Partners restated a “buy” rating and issued a $49.00 price target on shares of Element Solutions in a research note on Tuesday, May 5th. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Element Solutions currently has a consensus rating of “Buy” and a consensus price target of $44.14.

Element Solutions Stock Performance

NYSE:ESI opened at $43.71 on Monday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.91 and a current ratio of 2.68. The stock has a 50-day simple moving average of $43.08 and a two-hundred day simple moving average of $35.54. The firm has a market capitalization of $10.65 billion, a PE ratio of 70.51, a P/E/G ratio of 1.52 and a beta of 1.23. Element Solutions has a 52-week low of $22.63 and a 52-week high of $49.25.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. The firm had revenue of $840.00 million for the quarter, compared to analysts’ expectations of $710.51 million. Element Solutions had a return on equity of 14.19% and a net margin of 5.32%.The business’s quarterly revenue was up 41.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 EPS. Analysts forecast that Element Solutions will post 1.78 EPS for the current year.

Institutional Trading of Element Solutions

A number of large investors have recently added to or reduced their stakes in the company. Iridian Asset Management LLC CT raised its stake in Element Solutions by 37.2% during the fourth quarter. Iridian Asset Management LLC CT now owns 264,211 shares of the company’s stock valued at $6,603,000 after purchasing an additional 71,686 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of Element Solutions by 10.0% in the 3rd quarter. Natixis Advisors LLC now owns 881,354 shares of the company’s stock worth $22,184,000 after buying an additional 79,784 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Element Solutions by 7.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 2,524,090 shares of the company’s stock valued at $63,077,000 after buying an additional 174,228 shares in the last quarter. Peak Financial Advisors LLC lifted its holdings in shares of Element Solutions by 282.4% in the 4th quarter. Peak Financial Advisors LLC now owns 79,797 shares of the company’s stock valued at $1,994,000 after acquiring an additional 58,929 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Element Solutions by 16.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,071,434 shares of the company’s stock valued at $102,479,000 after acquiring an additional 562,205 shares during the last quarter. Institutional investors own 92.32% of the company’s stock.

About Element Solutions

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.