Element Solutions (NYSE:ESI) Price Target Lowered to $30.00 at Barclays

Element Solutions (NYSE:ESI) had its price target reduced by research analysts at Barclays from $32.00 to $30.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 15.04% from the company’s previous close.

Several other research firms also recently issued reports on ESI. Wolfe Research raised Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Bank of America restated a “neutral” rating and set a $28.00 price objective (down from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. Seaport Res Ptn upgraded Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. Finally, BMO Capital Markets upped their price objective on Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.50.

Element Solutions Stock Performance

Shares of ESI opened at $26.08 on Monday. Element Solutions has a 52-week low of $21.42 and a 52-week high of $29.78. The company has a quick ratio of 2.77, a current ratio of 3.52 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $6.32 billion, a PE ratio of 23.49, a P/E/G ratio of 2.12 and a beta of 1.30. The company has a 50-day simple moving average of $26.65 and a 200-day simple moving average of $26.47.

Element Solutions (NYSE:ESI) last released its quarterly earnings results on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $645.00 million for the quarter, compared to analysts’ expectations of $626.52 million. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 EPS. Equities research analysts predict that Element Solutions will post 1.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Element Solutions

Hedge funds have recently made changes to their positions in the stock. True Wealth Design LLC purchased a new position in shares of Element Solutions in the 3rd quarter worth $25,000. Quarry LP purchased a new position in shares of Element Solutions in the 2nd quarter worth about $31,000. Trust Co. of Vermont acquired a new position in shares of Element Solutions in the 4th quarter valued at about $43,000. UMB Bank n.a. grew its holdings in shares of Element Solutions by 98.8% during the 4th quarter. UMB Bank n.a. now owns 1,910 shares of the company’s stock worth $49,000 after purchasing an additional 949 shares during the period. Finally, Richardson Financial Services Inc. increased its position in Element Solutions by 77.5% during the 4th quarter. Richardson Financial Services Inc. now owns 2,086 shares of the company’s stock worth $53,000 after purchasing an additional 911 shares in the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

About Element Solutions

Element Solutions Inc operates as a specialty chemicals company in the United States, China, and internationally. The company operates in two segments, Electronics, and Industrial & Specialty. The Electronics segment researches, formulates, and sells specialty chemicals and materials for various types of electronics hardware products.