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

Element Solutions Inc (NYSE:ESI) has received a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $29.40.

A number of equities analysts have recently issued reports on ESI shares. Mizuho increased their target price on Element Solutions from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. StockNews.com cut Element Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, June 20th. UBS Group boosted their target price on shares of Element Solutions from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, June 24th. The Goldman Sachs Group upped their price target on shares of Element Solutions from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, June 27th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $30.00 price objective (up previously from $28.00) on shares of Element Solutions in a research note on Wednesday, June 12th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Richardson Financial Services Inc. acquired a new stake in Element Solutions during the 4th quarter valued at $27,000. SRS Capital Advisors Inc. grew its holdings in shares of Element Solutions by 370.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,623 shares of the company’s stock valued at $38,000 after buying an additional 1,278 shares in the last quarter. CWM LLC raised its position in 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 buying an additional 886 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Element Solutions by 51.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,002 shares of the company’s stock worth $46,000 after acquiring an additional 684 shares in the last quarter. Finally, Assetmark Inc. boosted its position in Element Solutions by 1,585.0% during the 4th quarter. Assetmark Inc. now owns 2,022 shares of the company’s stock worth $47,000 after acquiring an additional 1,902 shares during the period. 92.32% of the stock is currently owned by institutional investors.

Element Solutions Stock Performance

Shares of Element Solutions stock opened at $26.92 on Thursday. The firm has a market capitalization of $6.52 billion, a P/E ratio of 49.85, a P/E/G ratio of 1.32 and a beta of 1.30. The company has a quick ratio of 2.69, a current ratio of 3.63 and a debt-to-equity ratio of 0.82. Element Solutions has a 52 week low of $17.57 and a 52 week high of $27.86. The firm’s 50 day moving average is $24.84 and its two-hundred day moving average is $23.97.

Element Solutions (NYSE:ESI) last announced its earnings results on Monday, April 29th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Element Solutions had a net margin of 5.62% and a return on equity of 13.96%. The business had revenue of $575.00 million for the quarter, compared to analyst estimates of $588.17 million. During the same period last year, the firm posted $0.30 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. Research analysts forecast that Element Solutions will post 1.43 EPS for the current fiscal year.

Element Solutions Dividend Announcement

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

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.