Element Solutions Inc (ESI) stock forecast: Can it reach its 52-week high of $28.68

Currently, Element Solutions Inc [ESI] is trading at $26.97, down -0.04%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ESI shares have gain 6.85% over the last week, with a monthly amount drifted -0.19%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Element Solutions Inc [NYSE: ESI] stock has seen the most recent analyst activity on October 25, 2024, when Wolfe Research upgraded its rating to a Outperform. Previously, Seaport Research Partners started tracking the stock with Buy rating on October 14, 2024, and set its price target to $33. On March 01, 2024, Wolfe Research initiated with a Peer Perform rating. BMO Capital Markets started tracking the stock assigning a Outperform rating and suggested a price target of $23 on June 20, 2023. Goldman initiated its recommendation with a Neutral and recommended $20 as its price target on October 13, 2022. Credit Suisse started tracking with a Underperform rating for this stock on October 06, 2022, and assigned it a price target of $15. In a note dated July 11, 2022, Barclays upgraded an Overweight rating on this stock and revised its target price from $24 to $22.

This stock has fluctuated between a low of $17.57 and a high of $28.68 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $34.38 within the next 12 months. Element Solutions Inc [NYSE: ESI] shares were valued at $26.97 at the most recent close of the market. An investor can expect a potential return of 27.47% based on the average ESI price forecast.

Analyzing the ESI fundamentals

Trailing Twelve Months sales for Element Solutions Inc [NYSE:ESI] were 2.36B which represents 4.54% growth. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.08 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.81.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 26.68 points at the first support level, and at 26.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.37, and for the 2nd resistance point, it is at 27.77.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Element Solutions Inc [NYSE:ESI] is 3.50. As well, the Quick Ratio is 2.60, while the Cash Ratio is 0.83. Considering the valuation of this stock, the price to sales ratio is 2.77, the price to book ratio is 2.75 and price to earnings (TTM) ratio is 33.62.

Transactions by insiders

Recent insider trading involved Fricke Richard L., SVP, Electronics, that happened on Feb 28 ’24 when 9500.0 shares were sold. Former EVP, Head of I&S, Goralski Michael completed a deal on Feb 13 ’24 to sell 11604.0 shares. Meanwhile, Former EVP, Head of I&S Goralski Michael sold 1169.0 shares on Feb 15 ’24.

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