In a report released yesterday, Pete Osterland from Truist Financial maintained a Buy rating on Element Solutions, with a price target of $48.00.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
According to TipRanks, Osterland is a 5-star analyst with an average return of 23.3% and a 63.38% success rate. Osterland covers the Basic Materials sector, focusing on stocks such as Element Solutions, TRONOX, and Minerals Technologies.
Element Solutions has an analyst consensus of Strong Buy, with a price target consensus of $50.60.
Based on Element Solutions’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $840 million and a net profit of $55.9 million. In comparison, last year the company earned a revenue of $593.7 million and had a net profit of $98 million
