Barclays analyst Duffy Fischer maintained a Hold rating on Element Solutions Inc (ESI) on August 5 and set a price target of $11. The company’s shares closed yesterday at $9.44, close to its 52-week low of $9.26.
According to TipRanks.com, Fischer is a 4-star analyst with an average return of 8.6% and a 52.0% success rate. Fischer covers the Consumer Goods sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Venator Materials Plc.
The word on The Street in general, suggests a Hold analyst consensus rating for Element Solutions Inc with a $11 average price target.
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Based on Element Solutions Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $20.3 million. In comparison, last year the company had a net profit of $12 million.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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, 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.
