Barclays analyst Michael Leithead maintained a Buy rating on Element Solutions (ESI – Research Report) yesterday and set a price target of $23.00. The company’s shares closed yesterday at $20.59.
According to TipRanks, Leithead is a 4-star analyst with an average return of 4.2% and a 55.70% success rate. Leithead covers the Basic Materials sector, focusing on stocks such as Eastman Chemical, LyondellBasell, and PPG Industries.
Currently, the analyst consensus on Element Solutions is a Moderate Buy with an average price target of $23.00, which is an 11.70% upside from current levels. In a report released on July 26, BMO Capital also assigned a Buy rating to the stock with a $23.00 price target.
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ESI market cap is currently $4.97B and has a P/E ratio of 36.79.
Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ESI in relation to earlier this year.
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Element Solutions, Inc. operates as chemical company, which formulates chemical solutions that enhance the performance of products people use every day. Its businesses innovative solutions enable customers’ manufacturing processes in several key industries, including electronic circuitry, communication infrastructure, automotive systems, industrial surface finishing, consumer packaging, and offshore energy. It operates through the following business segments: Electronics and Industrial & Specialty. The Electronics segment engages in researching, formulating specialty chemicals and materials for all types of electronics hardware. The Industrial & Specialty segment is involved in engineering the set of chemicals to modify the surface. The company was founded by Martin E. Franklin on April 23, 2013 and is headquartered in West Palm Beach, FL.
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