Element Solutions (NYSE:ESI) Price Target Lowered to $13.00 at UBS Group

Element Solutions (NYSE:ESI) had its price objective trimmed by UBS Group from $14.00 to $13.00 in a report issued on Monday, BenzingaRatingsTable reports. The firm currently has a buy rating on the stock.

ESI has been the subject of a number of other reports. ValuEngine lowered shares of Element Solutions from a hold rating to a sell rating in a research report on Tuesday, March 3rd. Zacks Investment Research lowered shares of Element Solutions from a hold rating to a sell rating and set a $12.00 price objective for the company. in a research report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Element Solutions currently has an average rating of Hold and an average target price of $9.94.

ESI traded up $0.50 on Monday, reaching $8.34. The company had a trading volume of 4,061,200 shares, compared to its average volume of 2,367,463. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.16 and a current ratio of 2.84. The stock has a market cap of $1.82 billion, a P/E ratio of 23.17, a P/E/G ratio of 1.05 and a beta of 1.94. Element Solutions has a fifty-two week low of $5.35 and a fifty-two week high of $12.74. The company’s fifty day moving average is $10.14 and its 200 day moving average is $10.92.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.02. Element Solutions had a net margin of 5.02% and a return on equity of 8.86%. The firm had revenue of $454.70 million during the quarter, compared to the consensus estimate of $449.02 million. During the same quarter in the previous year, the firm posted ($0.05) EPS. The business’s revenue for the quarter was down 5.0% compared to the same quarter last year. On average, sell-side analysts expect that Element Solutions will post 0.89 EPS for the current year.

In other news, COO Scot Benson acquired 15,000 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was bought at an average cost of $9.77 per share, for a total transaction of $146,550.00. Following the completion of the transaction, the chief operating officer now owns 205,445 shares of the company’s stock, valued at $2,007,197.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought 17,000 shares of company stock valued at $159,700 over the last 90 days. 13.30% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in the business. Rhumbline Advisers lifted its position in Element Solutions by 0.5% during the fourth quarter. Rhumbline Advisers now owns 186,807 shares of the company’s stock valued at $2,182,000 after purchasing an additional 879 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Element Solutions by 10.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,562 shares of the company’s stock valued at $182,000 after purchasing an additional 1,523 shares during the last quarter. Amalgamated Bank lifted its position in Element Solutions by 4.1% during the fourth quarter. Amalgamated Bank now owns 51,904 shares of the company’s stock valued at $606,000 after purchasing an additional 2,066 shares during the last quarter. Americana Partners LLC bought a new stake in shares of Element Solutions in the 4th quarter worth approximately $25,000. Finally, California State Teachers Retirement System lifted its holdings in shares of Element Solutions by 0.6% in the 3rd quarter. California State Teachers Retirement System now owns 361,544 shares of the company’s stock worth $3,681,000 after acquiring an additional 2,263 shares during the last quarter. Institutional investors and hedge funds own 88.11% of the company’s stock.

About Element Solutions

Element Solutions Inc produces and sells specialty chemical products worldwide. The company operates through two segments, Electronics and Industrial & Specialty. The Electronics segment researches, formulates, and delivers specialty chemicals and materials for various types of electronics hardware products.

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Analyst Recommendations for Element Solutions (NYSE:ESI)

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