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

Element Solutions (NYSE:ESI) had its target price trimmed by UBS Group from $14.00 to $13.00 in a research report sent to investors on Monday morning, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the stock.

A number of other analysts also recently weighed in on ESI. Zacks Investment Research downgraded shares of Element Solutions from a hold rating to a sell rating and set a $12.00 target price on the stock. in a research report on Friday, January 10th. ValuEngine downgraded shares of Element Solutions from a hold rating to a sell rating in a research report on Tuesday, March 3rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Element Solutions has a consensus rating of Hold and an average price target of $9.94.

Shares of NYSE:ESI traded up $0.50 during midday trading on Monday, reaching $8.34. The company’s stock had a trading volume of 4,061,200 shares, compared to its average volume of 2,367,463. The firm has a 50 day moving average of $10.14 and a 200-day moving average of $10.92. The firm has a market capitalization of $1.82 billion, a P/E ratio of 23.17, a PEG ratio of 1.05 and a beta of 1.94. The company has a quick ratio of 2.16, a current ratio of 2.84 and a debt-to-equity ratio of 0.68. Element Solutions has a 12-month low of $5.35 and a 12-month high of $12.74.

Element Solutions (NYSE:ESI) last released its earnings results on Wednesday, February 26th. The company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.02. The firm had revenue of $454.70 million for the quarter, compared to the consensus estimate of $449.02 million. Element Solutions had a net margin of 5.02% and a return on equity of 8.86%. The company’s revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.05) EPS. On average, research analysts predict that Element Solutions will post 0.89 EPS for the current year.

In other news, COO Scot Benson purchased 15,000 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were bought at an average price of $9.77 per share, for a total transaction of $146,550.00. Following the purchase, the chief operating officer now directly owns 205,445 shares in the company, valued at approximately $2,007,197.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders purchased 17,000 shares of company stock worth $159,700. 13.30% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Americana Partners LLC bought a new position in Element Solutions in the 4th quarter worth about $25,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in Element Solutions by 778.9% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,243 shares of the company’s stock worth $38,000 after purchasing an additional 2,874 shares in the last quarter. Acadian Asset Management LLC bought a new position in Element Solutions in the 4th quarter worth about $42,000. Advisor Group Inc. boosted its stake in Element Solutions by 4,991.8% in the 4th quarter. Advisor Group Inc. now owns 4,939 shares of the company’s stock worth $57,000 after purchasing an additional 4,842 shares in the last quarter. Finally, Aigen Investment Management LP bought a new position in Element Solutions in the 4th quarter worth about $113,000. Institutional investors 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.

Read More: Cash Flow

Analyst Recommendations for Element Solutions (NYSE:ESI)

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.