Element Solutions Inc (NYSE:ESI) Given Consensus Rating of “Buy” by Analysts

Shares of Element Solutions Inc (NYSE:ESI) have been given a consensus rating of “Buy” by the seven research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $31.00.

Several brokerages have weighed in on ESI. StockNews.com cut shares of Element Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. Wolfe Research upgraded Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th. BMO Capital Markets lifted their price target on shares of Element Solutions from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Barclays increased their price target on shares of Element Solutions from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, Seaport Res Ptn upgraded Element Solutions to a “strong-buy” rating in a research note on Monday, October 14th.

Element Solutions Stock Down 0.6 %

ESI opened at $27.64 on Friday. The company has a quick ratio of 2.77, a current ratio of 3.52 and a debt-to-equity ratio of 0.78. The business’s fifty day simple moving average is $27.27 and its 200 day simple moving average is $26.37. Element Solutions has a 52 week low of $20.31 and a 52 week high of $29.78. The stock has a market cap of $6.69 billion, a PE ratio of 24.90, a P/E/G ratio of 1.54 and a beta of 1.28.

Element Solutions (NYSE:ESI) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. Element Solutions had a net margin of 11.08% and a return on equity of 14.42%. The firm had revenue of $645.00 million for the quarter, compared to the consensus estimate of $626.52 million. During the same period last year, the firm posted $0.36 earnings per share. The business’s revenue was up 7.6% compared to the same quarter last year. As a group, research analysts expect that Element Solutions will post 1.44 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.16%. Element Solutions’s dividend payout ratio (DPR) is presently 28.83%.

Institutional Trading of Element Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of ESI. Harbor Capital Advisors Inc. grew its holdings in Element Solutions by 271.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 51,059 shares of the company’s stock valued at $1,385,000 after buying an additional 37,331 shares in the last quarter. Parkside Investments LLC raised its stake in Element Solutions by 0.5% during the second quarter. Parkside Investments LLC now owns 391,237 shares of the company’s stock valued at $10,610,000 after purchasing an additional 2,129 shares in the last quarter. Symmetry Partners LLC purchased a new position in Element Solutions in the second quarter worth about $207,000. QRG Capital Management Inc. lifted its stake in shares of Element Solutions by 7.5% in the 2nd quarter. QRG Capital Management Inc. now owns 11,389 shares of the company’s stock valued at $309,000 after purchasing an additional 798 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Element Solutions in the 2nd quarter worth approximately $1,518,000. 92.32% of the stock is owned by hedge funds and other institutional investors.

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.