Mizuho Forecasts Strong Price Appreciation for Element Solutions (NYSE:ESI) Stock

Element Solutions (NYSE:ESI) had its price target lifted by investment analysts at Mizuho from $47.00 to $54.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s price target would suggest a potential upside of 12.81% from the company’s current price.

Other analysts also recently issued reports about the company. Wall Street Zen upgraded Element Solutions from a “hold” rating to a “buy” rating in a research report on Monday, April 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Element Solutions in a research report on Tuesday, May 19th. Freedom Capital raised Element Solutions to a “strong-buy” rating in a research note on Friday, March 27th. Seaport Research Partners reissued a “buy” rating and issued a $49.00 target price on shares of Element Solutions in a report on Tuesday, May 5th. Finally, UBS Group raised their price target on shares of Element Solutions to $52.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $42.29.

Element Solutions Stock Performance

Shares of Element Solutions stock opened at $47.87 on Wednesday. The company has a current ratio of 2.68, a quick ratio of 1.91 and a debt-to-equity ratio of 0.75. The company has a market cap of $11.66 billion, a PE ratio of 77.20, a price-to-earnings-growth ratio of 1.62 and a beta of 1.25. The company has a 50 day moving average of $42.72 and a 200-day moving average of $35.16. Element Solutions has a 1-year low of $22.44 and a 1-year high of $49.25.

Element Solutions (NYSE:ESI) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. Element Solutions had a net margin of 5.32% and a return on equity of 14.19%. The business had revenue of $840.00 million for the quarter, compared to analysts’ expectations of $710.51 million. During the same period last year, the firm posted $0.34 earnings per share. The firm’s quarterly revenue was up 41.5% compared to the same quarter last year. As a group, equities research analysts forecast that Element Solutions will post 1.78 earnings per share for the current fiscal year.

Institutional Trading of Element Solutions

Several institutional investors have recently modified their holdings of ESI. Assetmark Inc. raised its position in Element Solutions by 151.0% during the 1st quarter. Assetmark Inc. now owns 778 shares of the company’s stock worth $27,000 after purchasing an additional 468 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Element Solutions during the fourth quarter worth about $28,000. NewEdge Advisors LLC raised its position in shares of Element Solutions by 57.4% during the first quarter. NewEdge Advisors LLC now owns 949 shares of the company’s stock worth $32,000 after acquiring an additional 346 shares during the last quarter. Community Bank N.A. bought a new position in shares of Element Solutions during the third quarter worth about $33,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Element Solutions in the third quarter worth approximately $41,000. Institutional investors own 92.32% of the company’s stock.

Element Solutions Company Profile

Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.