Investment analysts at Truist Financial started coverage on shares of Element Solutions (NYSE:ESI – Get Free Report) in a report released on Tuesday,Briefing.com Automated Import reports. The brokerage set a “hold” rating and a $28.00 price target on the stock. Truist Financial’s price objective suggests a potential upside of 9.67% from the company’s previous close.
ESI has been the topic of several other reports. Seaport Res Ptn raised shares of Element Solutions to a “strong-buy” rating in a research report on Monday, October 14th. StockNews.com cut Element Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Barclays dropped their target price on Element Solutions from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday. Bank of America reiterated a “neutral” rating and issued a $28.00 price objective (down from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. Finally, Wolfe Research raised shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.14.
Read Our Latest Research Report on Element Solutions
Element Solutions Price Performance
Element Solutions (NYSE:ESI – Get Free Report) last released its quarterly earnings results on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. The firm had revenue of $645.00 million for the quarter, compared to the consensus estimate of $626.52 million. During the same quarter last year, the business posted $0.36 EPS. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. As a group, sell-side analysts predict that Element Solutions will post 1.45 earnings per share for the current fiscal year.
Institutional Trading of Element Solutions
A number of hedge funds have recently added to or reduced their stakes in ESI. State Street Corp raised its position in shares of Element Solutions by 5.6% in the 3rd quarter. State Street Corp now owns 4,319,570 shares of the company’s stock worth $117,320,000 after buying an additional 230,793 shares during the period. Geode Capital Management LLC increased its position in shares of Element Solutions by 0.5% in the third quarter. Geode Capital Management LLC now owns 3,541,513 shares of the company’s stock worth $96,216,000 after acquiring an additional 18,791 shares in the last quarter. Ilex Capital Partners UK LLP raised its stake in shares of Element Solutions by 162.7% in the 3rd quarter. Ilex Capital Partners UK LLP now owns 2,470,003 shares of the company’s stock valued at $67,085,000 after acquiring an additional 1,529,607 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Element Solutions by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,299,641 shares of the company’s stock valued at $62,458,000 after acquiring an additional 38,859 shares in the last quarter. Finally, Segall Bryant & Hamill LLC boosted its position in Element Solutions by 2.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 2,000,181 shares of the company’s stock worth $54,325,000 after purchasing an additional 53,781 shares during the period. 92.32% of the stock is owned by institutional investors and hedge funds.
Element Solutions Company Profile
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.
Featured Stories
- Five stocks we like better than Element Solutions
- Russell 2000 Index, How Investors Use it For Profitable Trading
- NuScale Power Stock Leads Energy Gains – Can It Continue?
- How to Choose Top Rated Stocks
- Traders Sell SoFi Stock Post Earnings: Should Investors Jump In?
- Are Penny Stocks a Good Fit for Your Portfolio?
- Insider Selling in Tech Stocks Spikes in Q4
Receive News & Ratings for Element Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Element Solutions and related companies with MarketBeat.com's FREE daily email newsletter.