Brokerages Set Element Solutions Inc (NYSE:ESI) Target Price at $31.00

Shares of Element Solutions Inc (NYSE:ESI) have been given an average rating of “Buy” by the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $31.00.

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

Institutional Trading of Element Solutions

Institutional investors have recently bought and sold shares of the company. Quarry LP purchased a new stake in shares of Element Solutions in the second quarter valued at about $31,000. LRI Investments LLC purchased a new stake in Element Solutions in the 1st quarter valued at approximately $78,000. EverSource Wealth Advisors LLC grew its holdings in Element Solutions by 39.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock valued at $82,000 after buying an additional 864 shares during the last quarter. Quest Partners LLC increased its position in Element Solutions by 14,600.0% during the second quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock worth $88,000 after buying an additional 3,212 shares in the last quarter. Finally, Signaturefd LLC raised its holdings 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 last quarter. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

Element Solutions Trading Down 0.9 %

NYSE ESI opened at $28.57 on Wednesday. Element Solutions has a one year low of $18.85 and a one year high of $29.16. The firm has a market cap of $6.92 billion, a PE ratio of 25.74, a P/E/G ratio of 1.60 and a beta of 1.29. The firm’s fifty day moving average is $26.27 and its two-hundred day moving average is $25.77. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.77 and a current ratio of 3.52.

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

Element Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.12%. The ex-dividend date was Friday, August 30th. Element Solutions’s payout ratio is currently 28.83%.

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.