Element Solutions Inc (NYSE:ESI) Receives $29.40 Consensus Price Target from Analysts

Element Solutions Inc (NYSE:ESI) has been assigned an average rating of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $29.40.

Several equities analysts recently issued reports on ESI shares. StockNews.com raised Element Solutions from a “hold” rating to a “buy” rating in a report on Thursday. Mizuho lifted their price objective on Element Solutions from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. The Goldman Sachs Group lifted their price objective on Element Solutions from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, June 27th. UBS Group lifted their price objective on Element Solutions from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, June 24th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $30.00 price objective (up from $28.00) on shares of Element Solutions in a report on Wednesday, June 12th.

Element Solutions Stock Down 3.8 %

ESI opened at $25.15 on Monday. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.50 and a quick ratio of 2.69. The business has a 50 day simple moving average of $26.28 and a 200-day simple moving average of $24.65. The stock has a market capitalization of $6.09 billion, a P/E ratio of 46.57, a P/E/G ratio of 1.23 and a beta of 1.31. Element Solutions has a 12 month low of $17.57 and a 12 month high of $28.68.

Element Solutions (NYSE:ESI) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $613.00 million during the quarter, compared to analysts’ expectations of $606.95 million. Element Solutions had a return on equity of 14.42% and a net margin of 8.24%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the firm earned $0.31 EPS. On average, equities analysts anticipate that Element Solutions will post 1.45 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Friday, May 31st. Element Solutions’s payout ratio is 59.26%.

Institutional Investors Weigh In On Element Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in ESI. Richardson Financial Services Inc. purchased a new stake in shares of Element Solutions in the fourth quarter valued at $27,000. SRS Capital Advisors Inc. grew its position in shares of Element Solutions by 370.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,623 shares of the company’s stock valued at $38,000 after purchasing an additional 1,278 shares during the period. CWM LLC grew its position in shares of Element Solutions by 95.9% in the fourth quarter. CWM LLC now owns 1,810 shares of the company’s stock valued at $42,000 after purchasing an additional 886 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Element Solutions by 51.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,002 shares of the company’s stock valued at $46,000 after purchasing an additional 684 shares during the period. Finally, Assetmark Inc. grew its position in shares of Element Solutions by 1,585.0% in the fourth quarter. Assetmark Inc. now owns 2,022 shares of the company’s stock valued at $47,000 after purchasing an additional 1,902 shares during the period. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Element Solutions Company Profile

Element Solutions Inc operates as a specialty chemicals company in the United States, China, and internationally. The company operates in two segments, Electronics, and Industrial & Specialty. The Electronics segment researches, formulates, and sells specialty chemicals and materials for various types of electronics hardware products.