Element Solutions (NYSE:ESI) Receives a Downgrade
Market activity behind shares of Element Solutions (NYSE:ESI) will likely interesting today as BidaskScore lowered the stock to a Buy rating.
Element Solutions Inc (NYSE:ESI) Ratings Coverage
Among 3 analysts covering ENSIGN ENERGY SERVICES INC. (NYSE:ESI), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. ENSIGN ENERGY SERVICES INC. has $1400 highest and $800 lowest target. $10.67’s average target is -4.73% below currents $11.2 stock price. ENSIGN ENERGY SERVICES INC. had 5 analyst reports since July 3, 2019 according to SRatingsIntel. The stock of Element Solutions Inc (NYSE:ESI) has “Hold” rating given on Friday, October 11 by SunTrust. The stock of Element Solutions Inc (NYSE:ESI) has “Buy” rating given on Monday, November 18 by Goldman Sachs.
The stock increased 0.81% or $0.09 during the last trading session, reaching $11.2. About 8.21M shares traded or 284.21% up from the average. Element Solutions Inc (NYSE:ESI) has declined 18.93% since December 5, 2018 and is downtrending. It has underperformed by 18.93% the S&P500.
Analysts await Element Solutions Inc (NYSE:ESI) to report earnings on February, 27. They expect $0.21 EPS, up 950.00 % or $0.19 from last year’s $0.02 per share. ESI’s profit will be $52.73 million for 13.33 P/E if the $0.21 EPS becomes a reality. After $0.13 actual EPS reported by Element Solutions Inc for the previous quarter, Wall Street now forecasts 61.54 % EPS growth.
Element Solutions Inc produces and sells specialty chemical products worldwide. The company has market cap of $2.81 billion. The firm operates through two divisions, Electronics and Industrial & Specialty. It has a 57.44 P/E ratio. The Electronics segment researches, formulates, and delivers specialty chemicals and materials for various types of electronics hardware products.
More notable recent Element Solutions Inc (NYSE:ESI) news were published by: Businesswire.com which released: “Element Solutions Inc Announces Closing of the Acquisition of Kester and Successful Repricing of the Company’s Existing Term Loans – Business Wire” on December 03, 2019, also Businesswire.com with their article: “Element Solutions Inc to Participate in the Morgan Stanley Global Chemicals, Agriculture and Packaging Conference – Business Wire” published on November 05, 2019, Businesswire.com published: “ESI Forum in Germany, 6 & 7 November 2019 in Berlin – Business Wire” on November 05, 2019. More interesting news about Element Solutions Inc (NYSE:ESI) were released by: Seekingalpha.com and their article: “Element Solutions Inc 2019 Q2 – Results – Earnings Call Slides – Seeking Alpha” published on August 02, 2019 as well as Fool.com‘s news article titled: “Element Solutions Inc (ESI) Q1 2019 Earnings Call Transcript – The Motley Fool” with publication date: May 01, 2019.
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