Element Solutions (ESI) Cut to Hold at Zacks Investment Research

Element Solutions (NYSE:ESI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “Element Solutions Inc. provides specialty chemical products and technical services. It serves consumer electronics, communication infrastructure, automobile, industrial surface finishing, consumer packaging and offshore oil production and drilling industries. Element Solutions Inc., formerly known as Platform Specialty Products, is based in West Palm Beach, United States. “

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Separately, Barclays restated an “equal weight” rating and set a $13.00 price target on shares of Element Solutions in a research report on Monday, February 11th.

ESI traded down $0.19 during trading on Wednesday, hitting $11.17. 2,657,700 shares of the company traded hands, compared to its average volume of 2,738,092. The firm has a market cap of $3.14 billion, a P/E ratio of 79.79, a PEG ratio of 4.17 and a beta of 2.58. The company has a debt-to-equity ratio of 2.55, a quick ratio of 2.00 and a current ratio of 2.19. Element Solutions has a one year low of $9.09 and a one year high of $13.54.

In related news, insider Pershing Square Capital Manage sold 40,451,506 shares of the stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $11.72, for a total transaction of $474,091,650.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.80% of the stock is currently owned by corporate insiders.

About Element Solutions

Element Solutions Inc produces and sells specialty chemical products worldwide. It offers a range of specialty chemicals, such as surface and coating materials, functional conversion coatings, electronic assembly materials, water-based hydraulic control fluids, and photopolymers. The company was formerly known as Platform Specialty Products Corporation and changed its name to Element Solutions Inc in January 2019.

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