Element Solutions (NYSE:ESI) Price Target Increased to $29.00 by Analysts at The Goldman Sachs Group

Element Solutions (NYSE:ESI) had its target price increased by The Goldman Sachs Group from $26.00 to $29.00 in a report issued on Thursday morning, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

ESI has been the topic of several other reports. UBS Group upped their price target on shares of Element Solutions from $30.00 to $33.00 and gave the company a buy rating in a research note on Monday. Mizuho lifted their price objective on shares of Element Solutions from $28.00 to $29.00 and gave the company a buy rating in a research note on Wednesday, June 12th. Wolfe Research started coverage on Element Solutions in a report on Friday, March 1st. They issued a peer perform rating on the stock. StockNews.com downgraded Element Solutions from a buy rating to a hold rating in a research note on Thursday, June 20th. Finally, BMO Capital Markets reiterated an outperform rating and set a $30.00 price target (up from $28.00) on shares of Element Solutions in a report on Wednesday, June 12th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $29.40.

Element Solutions Stock Down 0.7 %

Shares of ESI stock opened at $26.84 on Thursday. Element Solutions has a 52-week low of $17.57 and a 52-week high of $27.86. The stock has a market cap of $6.50 billion, a price-to-earnings ratio of 49.69, a PEG ratio of 1.32 and a beta of 1.29. The firm’s 50-day moving average is $24.59 and its 200-day moving average is $23.81. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.69 and a current ratio of 3.63.

Element Solutions (NYSE:ESI) last posted its quarterly earnings results on Monday, April 29th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Element Solutions had a return on equity of 13.96% and a net margin of 5.62%. The business had revenue of $575.00 million for the quarter, compared to analysts’ expectations of $588.17 million. During the same quarter in the prior year, the business earned $0.30 EPS. The firm’s revenue for the quarter was up .1% on a year-over-year basis. Sell-side analysts predict that Element Solutions will post 1.43 EPS for the current year.

Element Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Friday, May 31st. Element Solutions’s dividend payout ratio is presently 59.26%.

Institutional Trading of Element Solutions

A number of large investors have recently bought and sold shares of ESI. Richardson Financial Services Inc. bought a new position in shares of Element Solutions during the 4th quarter worth approximately $27,000. SRS Capital Advisors Inc. increased its stake in 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 in the last quarter. CWM LLC raised its holdings in shares of Element Solutions by 95.9% during 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 boosted its position in shares of Element Solutions by 51.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,002 shares of the company’s stock worth $46,000 after purchasing an additional 684 shares in the last quarter. Finally, Assetmark Inc. grew its stake in shares of Element Solutions by 1,585.0% in the 4th quarter. Assetmark Inc. now owns 2,022 shares of the company’s stock valued at $47,000 after buying an additional 1,902 shares during the period. 92.32% of the stock is currently owned by institutional investors and hedge funds.

About Element Solutions

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.