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

Shares of Element Solutions Inc (NYSE:ESI) have earned an average rating of “Buy” from the seven brokerages that are 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 12-month price target among brokers that have issued ratings on the stock in the last year is $31.00.

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

Element Solutions Price Performance

Element Solutions stock opened at $28.39 on Wednesday. The company has a current ratio of 3.52, a quick ratio of 2.77 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $6.87 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 1.58 and a beta of 1.29. Element Solutions has a 12-month low of $19.11 and a 12-month high of $29.16. The firm has a 50-day moving average price of $26.36 and a 200-day moving average price of $25.86.

Element Solutions (NYSE:ESI) last issued its earnings results on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $626.52 million. During the same period in the previous year, the firm earned $0.36 earnings per share. The business’s revenue was up 7.6% on a year-over-year basis. As a group, equities research analysts forecast that Element Solutions will post 1.44 EPS for the current year.

Element Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Friday, August 30th. Element Solutions’s payout ratio is 28.83%.

Institutional Trading of Element Solutions

Large investors have recently added to or reduced their stakes in the company. US Bancorp DE boosted its position in Element Solutions by 0.9% in the third quarter. US Bancorp DE now owns 46,005 shares of the company’s stock valued at $1,249,000 after buying an additional 417 shares during the last quarter. Signaturefd LLC increased its stake in shares of Element Solutions by 13.8% in the second quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock worth $100,000 after acquiring an additional 448 shares during the period. Equitable Trust Co. raised its holdings in shares of Element Solutions by 2.2% during the third quarter. Equitable Trust Co. now owns 33,527 shares of the company’s stock worth $911,000 after purchasing an additional 733 shares during the last quarter. QRG Capital Management Inc. lifted its position in Element Solutions by 7.5% during the second 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 period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Element Solutions by 39.4% in the second 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. 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.