Element Solutions Inc (NYSE:ESI) Given Average Recommendation of “Buy” by Brokerages

Shares of Element Solutions Inc (NYSE:ESI) have received a consensus recommendation of “Buy” from the seven research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $31.40.

ESI has been the subject of several recent analyst reports. Barclays raised their target price on Element Solutions from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. StockNews.com raised Element Solutions from a “hold” rating to a “buy” rating in a research report on Wednesday. Seaport Res Ptn raised shares of Element Solutions to a “strong-buy” rating in a research report on Monday, October 14th. BMO Capital Markets lifted their price target on shares of Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Finally, Wolfe Research upgraded shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th.

Element Solutions Stock Up 0.8 %

NYSE ESI opened at $25.74 on Thursday. The business’s fifty day simple moving average is $27.39 and its 200-day simple moving average is $26.66. 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 firm has a market cap of $6.23 billion, a PE ratio of 23.19, a P/E/G ratio of 1.51 and a beta of 1.28. Element Solutions has a 52 week low of $21.42 and a 52 week high of $29.78.

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

Element Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Monday, December 2nd. Element Solutions’s dividend payout ratio is currently 28.83%.

Institutional Investors Weigh In On Element Solutions

Hedge funds have recently bought and sold shares of the stock. True Wealth Design LLC purchased a new stake in shares of Element Solutions during the third quarter worth approximately $25,000. Quarry LP acquired a new position in Element Solutions during the 2nd quarter worth approximately $31,000. EverSource Wealth Advisors LLC increased its position in shares of Element Solutions by 39.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock valued at $82,000 after purchasing an additional 864 shares during the last quarter. Quest Partners LLC raised its holdings in shares of Element Solutions by 14,600.0% in the 2nd quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock valued at $88,000 after purchasing an additional 3,212 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Element Solutions by 13.8% during the 2nd quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock worth $100,000 after purchasing an additional 448 shares during the last quarter. Institutional investors and hedge funds 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.