Analysts Set Element Solutions Inc. (NYSE:ESI) Price Target at $26.25

Element Solutions Inc. (NYSE:ESI) has been given a consensus recommendation of “Buy” by the ten brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $27.13.

Several research analysts have issued reports on ESI shares. UBS Group lifted their price target on shares of Element Solutions from $25.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. KeyCorp lifted their price objective on shares of Element Solutions from $28.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday. The Goldman Sachs Group reiterated a “neutral” rating and set a $27.00 price objective (up from $24.00) on shares of Element Solutions in a research report on Tuesday. BMO Capital Markets lowered their price objective on shares of Element Solutions from $34.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Finally, Truist Financial upgraded shares of Element Solutions from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $28.00 to $24.00 in a research report on Monday, April 14th.

Element Solutions Price Performance

Shares of NYSE:ESI opened at $24.24 on Monday. Element Solutions has a 12 month low of $16.77 and a 12 month high of $29.78. The stock has a market cap of $5.88 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 1.75 and a beta of 1.23. The stock’s 50 day moving average price is $22.44 and its 200 day moving average price is $23.29. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.95 and a quick ratio of 3.16.

Element Solutions (NYSE:ESI) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. The firm had revenue of $593.70 million for the quarter, compared to analyst estimates of $576.73 million. Element Solutions had a net margin of 11.56% and a return on equity of 14.42%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 earnings per share. Equities research analysts anticipate that Element Solutions will post 1.45 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.32%. Element Solutions’s dividend payout ratio (DPR) is 26.89%.

Hedge Funds Weigh In On Element Solutions

Institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue grew its holdings in Element Solutions by 7.7% in the second quarter. State of Alaska Department of Revenue now owns 132,965 shares of the company’s stock valued at $3,010,000 after purchasing an additional 9,520 shares during the last quarter. American National Bank & Trust acquired a new stake in Element Solutions in the second quarter valued at $36,000. Public Employees Retirement System of Ohio grew its holdings in Element Solutions by 0.4% in the second quarter. Public Employees Retirement System of Ohio now owns 259,876 shares of the company’s stock valued at $5,886,000 after purchasing an additional 1,025 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of Element Solutions by 462.5% during the second quarter. Fifth Third Bancorp now owns 2,160 shares of the company’s stock valued at $49,000 after acquiring an additional 1,776 shares during the last quarter. Finally, Forte Capital LLC ADV boosted its stake in shares of Element Solutions by 28.5% during the second quarter. Forte Capital LLC ADV now owns 16,340 shares of the company’s stock valued at $370,000 after acquiring an additional 3,625 shares during the last quarter. 92.32% of the stock is owned by institutional investors and hedge funds.

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.