Element Solutions (NYSE:ESI) Downgraded by StockNews.com

Element Solutions (NYSE:ESI) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

ESI has been the topic of a number of other reports. The Goldman Sachs Group raised their target price on Element Solutions from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, June 27th. Seaport Res Ptn upgraded shares of Element Solutions to a “strong-buy” rating in a research report on Monday, October 14th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.40.

Element Solutions Price Performance

Shares of ESI opened at $26.98 on Thursday. The company has a current ratio of 3.50, a quick ratio of 2.60 and a debt-to-equity ratio of 0.80. Element Solutions has a 52 week low of $17.76 and a 52 week high of $28.68. The stock has a 50 day moving average of $25.91 and a 200-day moving average of $25.53. The firm has a market cap of $6.53 billion, a price-to-earnings ratio of 49.95, a PEG ratio of 1.40 and a beta of 1.29.

Element Solutions (NYSE:ESI) last posted its earnings results on Monday, July 29th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. The company had revenue of $613.00 million during the quarter, compared to analyst estimates of $606.95 million. Element Solutions had a return on equity of 14.42% and a net margin of 8.24%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.31 earnings per share. As a group, analysts forecast that Element Solutions will post 1.43 EPS for the current year.

Hedge Funds Weigh In On Element Solutions

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP bought a new stake in shares of Element Solutions during the 2nd quarter worth about $31,000. LRI Investments LLC acquired a new position in shares of Element Solutions during the first quarter valued at approximately $78,000. EverSource Wealth Advisors LLC raised its holdings in Element Solutions by 39.4% during the second quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock worth $82,000 after purchasing an additional 864 shares in the last quarter. Quest Partners LLC lifted its position in Element Solutions by 14,600.0% in the second quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock worth $88,000 after purchasing an additional 3,212 shares during the period. Finally, Signaturefd LLC boosted its stake in Element Solutions by 13.8% during the 2nd quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock valued at $100,000 after purchasing an additional 448 shares in the last quarter. Institutional investors 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.