Shares of Element Solutions Inc (NYSE:ESI) have been assigned an average broker rating score of 2.33 (Buy) from the six brokers that cover the stock, Zacks Investment Research reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a strong buy recommendation on the company. Element Solutions’ rating score has declined by 5.9% in the last three months as a result of a number of analysts’ ratings changes.
Analysts have set a 12-month consensus target price of $13.20 for the company and are anticipating that the company will post $0.18 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Element Solutions an industry rank of 209 out of 255 based on the ratings given to related companies.
A number of brokerages recently commented on ESI. Zacks Investment Research upgraded shares of Element Solutions from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Thursday, March 28th. Raymond James reiterated an “average” rating and set a $6.50 target price on shares of Element Solutions in a research note on Monday, April 8th. Finally, Barclays reiterated an “equal weight” rating and set a $13.00 target price on shares of Element Solutions in a research note on Monday, February 11th.
In other Element Solutions news, insider Pershing Square Capital Manage sold 40,451,506 shares of the company’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $11.72, for a total value of $474,091,650.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Benjamin Gliklich acquired 5,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was bought at an average price of $10.73 per share, with a total value of $53,650.00. The disclosure for this purchase can be found here. Insiders own 3.80% of the company’s stock.
Shares of NYSE:ESI traded down $0.05 during trading on Wednesday, hitting $10.67. The company’s stock had a trading volume of 1,600,500 shares, compared to its average volume of 2,767,833. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 76.21, a price-to-earnings-growth ratio of 4.12 and a beta of 2.32. The company has a quick ratio of 2.01, a current ratio of 2.17 and a debt-to-equity ratio of 2.45. Element Solutions has a fifty-two week low of $9.26 and a fifty-two week high of $13.54.
Element Solutions (NYSE:ESI) last posted its quarterly earnings results on Thursday, February 28th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). The business had revenue of $478.40 million during the quarter, compared to analyst estimates of $480.00 million. Element Solutions had a positive return on equity of 6.60% and a negative net margin of 10.98%. On average, analysts expect that Element Solutions will post 0.82 EPS for the current year.
Element Solutions Company Profile
Element Solutions Inc produces and sells specialty chemical products worldwide. It offers a range of specialty chemicals, such as surface and coating materials, functional conversion coatings, electronic assembly materials, water-based hydraulic control fluids, and photopolymers. The company was formerly known as Platform Specialty Products Corporation and changed its name to Element Solutions Inc in January 2019.
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