StockNews.com Begins Coverage on Element Solutions (NYSE:ESI)

Investment analysts at StockNews.com started coverage on shares of Element Solutions (NYSE:ESI – Get Rating) in a report issued on Thursday. The firm set a “hold” rating on the stock.

Several other research analysts also recently commented on the stock. Credit Suisse Group raised their price target on shares of Element Solutions from $15.00 to $18.00 and gave the company an “underperform” rating in a report on Wednesday, February 22nd. Barclays lifted their price objective on shares of Element Solutions from $21.00 to $24.00 and gave the stock an “overweight” rating in a report on Tuesday, February 28th. Finally, The Goldman Sachs Group lifted their price objective on shares of Element Solutions from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, December 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.08.

Element Solutions Stock Down 4.1 %

Shares of NYSE:ESI opened at $18.57 on Thursday. The firm has a fifty day moving average price of $20.05 and a two-hundred day moving average price of $18.75. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.45 and a quick ratio of 2.61. Element Solutions has a one year low of $15.31 and a one year high of $23.16. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 1.91 and a beta of 1.35.

Element Solutions (NYSE:ESI – Get Rating) last announced its quarterly earnings results on Tuesday, February 21st. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. Element Solutions had a net margin of 7.34% and a return on equity of 14.53%. The firm had revenue of $573.80 million during the quarter, compared to the consensus estimate of $589.81 million. During the same period last year, the firm earned $0.31 EPS. The business’s quarterly revenue was down 11.3% compared to the same quarter last year. Analysts anticipate that Element Solutions will post 1.41 EPS for the current fiscal year.

Hedge Funds Weigh In On Element Solutions

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Element Solutions by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 22,092,230 shares of the company’s stock worth $359,441,000 after purchasing an additional 214,544 shares during the period. Price T Rowe Associates Inc. MD raised its position in Element Solutions by 3.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 21,844,504 shares of the company’s stock worth $388,832,000 after purchasing an additional 740,230 shares during the period. T. Rowe Price Investment Management Inc. raised its position in Element Solutions by 1.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 17,138,854 shares of the company’s stock worth $311,756,000 after purchasing an additional 163,426 shares during the period. FMR LLC raised its position in Element Solutions by 5.1% in the 2nd quarter. FMR LLC now owns 15,221,953 shares of the company’s stock worth $270,951,000 after purchasing an additional 740,817 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Element Solutions by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 14,160,038 shares of the company’s stock valued at $257,572,000 after acquiring an additional 216,378 shares during the period. Hedge funds and other institutional investors own 90.37% of the company’s stock.

Element Solutions Company Profile

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Element Solutions, Inc is a specialty chemicals company. It operates under the Electronics, and Industrial and Specialty segments. The Electronics segment focuses on researching, formulating, and selling specialty chemicals and material process technologies for all types of electronics hardware, from complex printed circuit board designs to advanced semiconductor packaging.