Fintel reports that on January 28, 2025, Truist Securities initiated coverage of Element Solutions (NYSE:ESI) with a Hold recommendation.
Analyst Price Forecast Suggests 27.96% Upside
As of December 24, 2024, the average one-year price target for Element Solutions is $32.68/share. The forecasts range from a low of $30.30 to a high of $35.70. The average price target represents an increase of 27.96% from its latest reported closing price of $25.54 / share.
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The projected annual revenue for Element Solutions is 2,657MM, an increase of 10.43%. The projected annual non-GAAP EPS is 1.73.
What is the Fund Sentiment?
There are 756 funds or institutions reporting positions in Element Solutions. This is an increase of 38 owner(s) or 5.29% in the last quarter. Average portfolio weight of all funds dedicated to ESI is 0.33%, an increase of 5.06%. Total shares owned by institutions increased in the last three months by 3.55% to 277,165K shares. 
The put/call ratio of ESI is 0.65, indicating a bullish outlook.
What are Other Shareholders Doing?
T. Rowe Price Investment Management holds 11,206K shares representing 4.63% ownership of the company. In its prior filing, the firm reported owning 12,313K shares , representing a decrease of 9.88%. The firm decreased its portfolio allocation in ESI by 12.92% over the last quarter.
Neuberger Berman Group holds 8,102K shares representing 3.35% ownership of the company. In its prior filing, the firm reported owning 7,276K shares , representing an increase of 10.19%. The firm increased its portfolio allocation in ESI by 5.89% over the last quarter.
Alliancebernstein holds 7,310K shares representing 3.02% ownership of the company. In its prior filing, the firm reported owning 7,678K shares , representing a decrease of 5.03%. The firm increased its portfolio allocation in ESI by 24.90% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 6,922K shares representing 2.86% ownership of the company. In its prior filing, the firm reported owning 6,910K shares , representing an increase of 0.17%. The firm decreased its portfolio allocation in ESI by 5.78% over the last quarter.
Wellington Management Group Llp holds 6,653K shares representing 2.75% ownership of the company. In its prior filing, the firm reported owning 7,905K shares , representing a decrease of 18.82%. The firm decreased its portfolio allocation in ESI by 88.40% over the last quarter.
Element Solutions Background Information
(This description is provided by the company.)
Element Solutions Inc is a leading specialty chemicals company whose businesses supply a broad range of solutions that enhance the performance of products people use every day. Developed in multi-step technological processes, these innovative solutions enable customers' manufacturing processes in several key industries, including consumer electronics, power electronics, semiconductor fabrication, communications and data storage infrastructure, automotive systems, industrial surface finishing, consumer packaging and offshore energy.
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This story originally appeared on Fintel.
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