Element Solutions Inc. (NYSE:ESI) Receives Consensus Recommendation of “Buy” from Analysts

Element Solutions Inc. (NYSE:ESI) has received an average recommendation of “Buy” from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $27.3750.

A number of equities analysts have issued reports on the company. UBS Group increased their price target on Element Solutions from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. KeyCorp increased their target price on Element Solutions from $29.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $27.00 target price (up from $24.00) on shares of Element Solutions in a report on Tuesday, July 15th. Finally, Mizuho increased their target price on Element Solutions from $24.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th.

Element Solutions Price Performance

Element Solutions stock opened at $25.71 on Tuesday. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 1.68 and a beta of 1.31. Element Solutions has a 52-week low of $16.77 and a 52-week high of $29.78. The stock’s 50 day moving average price is $24.30 and its two-hundred day moving average price is $23.01. The company has a debt-to-equity ratio of 0.62, a quick ratio of 3.30 and a current ratio of 4.10.

Element Solutions (NYSE:ESI) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $625.20 million for the quarter, compared to analysts’ expectations of $587.45 million. Element Solutions had a return on equity of 14.14% and a net margin of 9.66%.The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.36 EPS. On average, equities analysts predict that Element Solutions will post 1.45 earnings per share for the current year.

Element Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, September 2nd. Element Solutions’s dividend payout ratio (DPR) is currently 32.00%.

Hedge Funds Weigh In On Element Solutions

Large investors have recently modified their holdings of the company. Park Square Financial Group LLC bought a new position in shares of Element Solutions in the 4th quarter worth $28,000. Elevation Point Wealth Partners LLC bought a new position in shares of Element Solutions in the 2nd quarter worth $26,000. First Horizon Advisors Inc. raised its position in Element Solutions by 710.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock valued at $29,000 after buying an additional 1,129 shares during the last quarter. American National Bank & Trust purchased a new stake in Element Solutions in the 2nd quarter valued at $36,000. Finally, SVB Wealth LLC purchased a new stake in Element Solutions in the 1st quarter valued at $37,000. 92.32% of the stock is currently owned by institutional investors.

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.