In a report released today, Chris Kapsch from Loop Capital Markets maintained a Buy rating on Element Solutions (ESI – Research Report), with a price target of $24.00. The company’s shares closed yesterday at $20.93.
Kapsch covers the Basic Materials sector, focusing on stocks such as Albemarle, Compass Minerals International, and Element Solutions. According to TipRanks, Kapsch has an average return of 8.3% and a 60.71% success rate on recommended stocks.
Currently, the analyst consensus on Element Solutions is a Moderate Buy with an average price target of $23.50.
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Based on Element Solutions’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $599.3 million and a GAAP net loss of $31.8 million. In comparison, last year the company earned a revenue of $618.5 million and had a net profit of $53.2 million
Based on the recent corporate insider activity of 13 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Element Solutions (ESI) Company Description:
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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