Morgan Stanley (NYSE:MS) analyst Neel Kumar maintained a Hold rating on Element Solutions (NYSE:ESI) Inc on Monday, setting a price target of $15, which is approximately 6.72% below the present share price of $16.08.
Kumar expects Element Solutions Inc to post earnings per share (EPS) of $0.15 for the fourth quarter of 2020.
The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in Element Solutions, with an average price target of $16.33.
The analysts price targets range from a high of $19 to a low of $13.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $477.5 million and a net profit of $58.6 million. The company's market cap is $3.98 billion.
According to TipRanks.com, Morgan Stanley analyst Neel Kumar is currently ranked with 2 stars on a 0-5 stars ranking scale, with an average return of 2.0% and a 46.67% success rate.
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.