Element Solutions Inc (NYSE:ESI) Receives Average Rating of “Hold” from Analysts

Element Solutions Inc (NYSE:ESIGet Rating) has been given an average rating of “Hold” by the nine ratings firms that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $20.46.

ESI has been the subject of a number of research reports. Zacks Investment Research cut shares of Element Solutions from a “buy” rating to a “hold” rating and set a $29.00 target price for the company. in a report on Tuesday, March 1st. Morgan Stanley raised their price objective on shares of Element Solutions from $22.50 to $25.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 11th. CL King began coverage on shares of Element Solutions in a research note on Monday, January 24th. They issued a “buy” rating and a $28.00 price objective for the company. Finally, StockNews.com began coverage on shares of Element Solutions in a research note on Thursday, March 31st. They issued a “hold” rating for the company.

NYSE ESI opened at $20.62 on Friday. Element Solutions has a 12 month low of $19.29 and a 12 month high of $26.92. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.93 and a quick ratio of 2.26. The firm has a market capitalization of $5.11 billion, a PE ratio of 28.64, a P/E/G ratio of 0.89 and a beta of 1.42. The company’s 50 day simple moving average is $21.69 and its 200 day simple moving average is $23.02.

Element Solutions (NYSE:ESIGet Rating) last issued its earnings results on Wednesday, April 27th. The company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.03. Element Solutions had a net margin of 7.00% and a return on equity of 13.74%. During the same quarter in the previous year, the business earned $0.37 earnings per share. Sell-side analysts anticipate that Element Solutions will post 1.54 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Tuesday, March 1st were issued a dividend of $0.08 per share. The ex-dividend date was Monday, February 28th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.55%. Element Solutions’s dividend payout ratio is currently 44.44%.

In related news, Director Nichelle Maynard-Elliott sold 9,141 shares of Element Solutions stock in a transaction on Friday, March 18th. The shares were sold at an average price of $22.67, for a total value of $207,226.47. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 6.90% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC grew its position in Element Solutions by 19.1% in the 1st quarter. SG Americas Securities LLC now owns 11,772 shares of the company’s stock worth $258,000 after purchasing an additional 1,891 shares during the last quarter. Park Avenue Securities LLC grew its position in Element Solutions by 19.1% in the 1st quarter. Park Avenue Securities LLC now owns 30,302 shares of the company’s stock worth $664,000 after purchasing an additional 4,865 shares during the last quarter. Comerica Bank grew its position in Element Solutions by 2.2% in the 1st quarter. Comerica Bank now owns 406,720 shares of the company’s stock worth $8,672,000 after purchasing an additional 8,603 shares during the last quarter. Truist Financial Corp grew its position in Element Solutions by 2.5% in the 1st quarter. Truist Financial Corp now owns 284,062 shares of the company’s stock worth $6,221,000 after purchasing an additional 6,926 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC grew its position in Element Solutions by 19.7% in the 1st quarter. YorkBridge Wealth Partners LLC now owns 23,540 shares of the company’s stock worth $516,000 after purchasing an additional 3,873 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Element Solutions Company Profile (Get Rating)

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.

Read More

Analyst Recommendations for Element Solutions (NYSE:ESI)

Receive News & Ratings for Element Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Element Solutions and related companies with MarketBeat.com's FREE daily email newsletter.