Mizuho Cuts ESI Price Target to $42, Holds Neutral
ESI trades at $35.90, about 0.6% below its GF Value of $36.12, after Mizuho cut its target to $42; the new target sits roughly 17% above the current price.
Alpha Score of 67 reflects moderate overall profile with strong momentum, strong value, weak quality, moderate sentiment.
Mizuho analyst John Roberts on Oct. 1 maintained a Neutral rating on Element Solutions Inc and lowered his price target to $42 from $45, a reduction of 6.7%. GuruFocus's report on the update described it as reflecting a cautious outlook on the company's growth prospects. The new target sits about 17% above the stock's $35.90 price.
Element Solutions, a specialty chemicals maker with a market value of about $8.75 billion, supplies formulations and process technologies for electronics hardware manufacturing and industrial surface finishing. It operates through Electronics and Industrial & Specialty segments.
GuruFocus's GF Value for ESI, a fair-value estimate, stands at $36.12, about 0.6% above the current share price. The trailing P/E of 48.9x compares with a five-year median of 28.16x, according to the same data. The latest quote is on the ESI stock page.
The GuruFocus GF Score, which blends financial strength, profitability, growth, valuation, and momentum, rates ESI at 84 out of 100. Growth and momentum are the strongest components; financial strength ranks lower, GuruFocus said.
Nine gurus tracked by GuruFocus hold ESI shares. Four added to their stakes and five trimmed their holdings in recent quarters. No insider buying or selling has been reported in the past three months.
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