Brokerages Set Element Solutions Inc (NYSE:ESI) Price Target at $30.14

Element Solutions Inc (NYSE:ESI) has been assigned an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $30.14.

ESI has been the subject of several recent research reports. BMO Capital Markets raised their price target on shares of Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. StockNews.com cut Element Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Truist Financial started coverage on Element Solutions in a research report on Tuesday, January 28th. They issued a “hold” rating and a $28.00 price target on the stock. Barclays lowered their price objective on Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $28.00 target price (down previously from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th.

Institutional Investors Weigh In On Element Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of ESI. True Wealth Design LLC acquired a new position in Element Solutions in the third quarter valued at $25,000. TD Private Client Wealth LLC acquired a new stake in shares of Element Solutions in the 4th quarter valued at about $27,000. Park Square Financial Group LLC acquired a new stake in shares of Element Solutions in the 4th quarter valued at about $28,000. First Horizon Advisors Inc. grew its stake in Element Solutions by 610.7% during the 4th quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company’s stock worth $29,000 after buying an additional 971 shares during the last quarter. Finally, Trust Co. of Vermont acquired a new position in Element Solutions during the fourth quarter worth approximately $43,000. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Element Solutions Price Performance

ESI opened at $25.23 on Tuesday. The stock’s 50-day moving average price is $25.70 and its 200 day moving average price is $26.34. Element Solutions has a 12-month low of $23.10 and a 12-month high of $29.78. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 2.30 and a beta of 1.29. The company has a current ratio of 3.34, a quick ratio of 2.77 and a debt-to-equity ratio of 0.76.

Element Solutions (NYSE:ESI) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. The business had revenue of $624.20 million for the quarter, compared to analysts’ expectations of $598.24 million. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. As a group, sell-side analysts expect that Element Solutions will post 1.45 earnings per share for the current year.

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.32 annualized dividend and a dividend yield of 1.27%. Element Solutions’s dividend payout ratio is presently 31.37%.

Element Solutions Company Profile

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.