Element Solutions Inc (NYSE:ESI) Receives $31.40 Average Target Price from Analysts

Element Solutions Inc (NYSE:ESI) has been assigned a consensus rating of “Buy” from the seven research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $31.40.

Several research firms have recently commented on ESI. Wolfe Research raised shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a research report on Friday, October 25th. StockNews.com raised Element Solutions from a “hold” rating to a “buy” rating in a report on Wednesday. BMO Capital Markets boosted their target price on shares of Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Barclays increased their price target on Element Solutions from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Seaport Res Ptn raised shares of Element Solutions to a “strong-buy” rating in a research note on Monday, October 14th.

Institutional Investors Weigh In On Element Solutions

Institutional investors and hedge funds have recently made changes to their positions in the stock. US Bancorp DE raised its holdings in shares of Element Solutions by 0.9% during the third quarter. US Bancorp DE now owns 46,005 shares of the company’s stock worth $1,249,000 after purchasing an additional 417 shares during the last quarter. Signaturefd LLC raised its stake in Element Solutions by 13.8% in the 2nd quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock valued at $100,000 after purchasing an additional 448 shares during the last quarter. Equitable Trust Co. lifted its stake in shares of Element Solutions by 2.2% in the third quarter. Equitable Trust Co. now owns 33,527 shares of the company’s stock worth $911,000 after buying an additional 733 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Element Solutions by 39.4% in 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 in the last quarter. Finally, True Wealth Design LLC purchased a new position in Element Solutions during the third quarter worth approximately $25,000. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Element Solutions Stock Down 0.9 %

Shares of NYSE ESI opened at $25.60 on Thursday. The company has a market cap of $6.20 billion, a price-to-earnings ratio of 23.06, a PEG ratio of 1.51 and a beta of 1.28. The firm’s fifty day moving average is $27.41 and its 200 day moving average is $26.66. The company has a quick ratio of 2.77, a current ratio of 3.52 and a debt-to-equity ratio of 0.78. Element Solutions has a 52 week low of $21.42 and a 52 week high of $29.78.

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

Element Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Monday, December 2nd. Element Solutions’s dividend 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.