Element Solutions (NYSE:ESI) Rating Lowered to Hold at Mizuho

Element Solutions (NYSE:ESI) was downgraded by Mizuho from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on ESI. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Element Solutions in a research report on Tuesday, May 19th. Freedom Capital raised shares of Element Solutions to a “strong-buy” rating in a report on Friday, March 27th. Truist Financial boosted their target price on shares of Element Solutions from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Seaport Research Partners reaffirmed a “buy” rating and set a $49.00 price target on shares of Element Solutions in a report on Tuesday, May 5th. Finally, BMO Capital Markets increased their price target on shares of Element Solutions from $45.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, July 6th. Three analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $43.00.

Element Solutions Price Performance

Shares of NYSE ESI opened at $39.07 on Tuesday. The business has a fifty day moving average price of $42.86 and a two-hundred day moving average price of $36.36. The stock has a market capitalization of $9.52 billion, a PE ratio of 63.01, a P/E/G ratio of 1.42 and a beta of 1.23. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.68 and a quick ratio of 1.91. Element Solutions has a fifty-two week low of $22.63 and a fifty-two week high of $49.25.

Element Solutions (NYSE:ESI) last released its earnings results on Tuesday, April 28th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.03. Element Solutions had a return on equity of 14.19% and a net margin of 5.32%.The company had revenue of $840.00 million for the quarter, compared to analyst estimates of $710.51 million. During the same period in the prior year, the firm posted $0.34 EPS. Element Solutions’s quarterly revenue was up 41.5% on a year-over-year basis. As a group, equities analysts predict that Element Solutions will post 1.79 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ESI. Assetmark Inc. lifted its holdings in shares of Element Solutions by 151.0% in the first quarter. Assetmark Inc. now owns 778 shares of the company’s stock worth $27,000 after acquiring an additional 468 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Element Solutions by 57.4% in the 1st quarter. NewEdge Advisors LLC now owns 949 shares of the company’s stock valued at $32,000 after purchasing an additional 346 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Element Solutions during the 4th quarter valued at approximately $28,000. Johnson Financial Group Inc. bought a new stake in shares of Element Solutions during the 3rd quarter valued at approximately $47,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in Element Solutions during the 3rd quarter worth approximately $49,000. Institutional investors and hedge funds 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.