Element Solutions (NYSE:ESI) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Element Solutions (NYSE:ESI) from a hold rating to a buy rating in a report published on Wednesday.

ESI has been the subject of several other research reports. Barclays upped their price target 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 upgraded Element Solutions to a “strong-buy” rating in a research report on Monday, October 14th. Wolfe Research raised Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. Finally, BMO Capital Markets increased their price objective on Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $31.40.

Element Solutions Stock Up 0.8 %

Shares of ESI opened at $25.74 on Wednesday. The firm has a market cap of $6.23 billion, a P/E ratio of 23.19, a PEG ratio of 1.51 and a beta of 1.28. Element Solutions has a 12 month low of $21.42 and a 12 month high of $29.78. The stock’s 50 day moving average is $27.39 and its two-hundred day moving average is $26.66. The company has a current ratio of 3.52, a quick ratio of 2.77 and a debt-to-equity ratio of 0.78.

Element Solutions (NYSE:ESI) last released its quarterly 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. The firm had revenue of $645.00 million for the quarter, compared to analysts’ expectations of $626.52 million. Element Solutions had a net margin of 11.08% and a return on equity of 14.42%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.36 EPS. Analysts predict that Element Solutions will post 1.44 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

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

Institutional Investors Weigh In On Element Solutions

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