Brokerages Set Element Solutions Inc. (NYSE:ESI) Price Target at $43.00

Element Solutions Inc. (NYSE:ESI) has been given an average rating of “Buy” by the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $43.00.

Several brokerages have commented on ESI. Mizuho restated a “neutral” rating and set a $45.00 target price (down from $54.00) on shares of Element Solutions in a research report on Tuesday, July 14th. Truist Financial increased their price target on shares of Element Solutions from $47.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Wall Street Zen upgraded shares of Element Solutions from a “hold” rating to a “buy” rating in a research note on Monday, April 20th. Seaport Research Partners reissued a “buy” rating and set a $49.00 price objective on shares of Element Solutions in a report on Tuesday, May 5th. Finally, UBS Group increased their target price on shares of Element Solutions to $52.00 and gave the company a “buy” rating in a report on Thursday, April 30th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. boosted its position in shares of Element Solutions by 13.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 11,119,999 shares of the company’s stock worth $277,889,000 after buying an additional 1,298,273 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Element Solutions by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,485,342 shares of the company’s stock valued at $212,053,000 after acquiring an additional 228,416 shares in the last quarter. State Street Corp increased its holdings in Element Solutions by 1.2% during the 4th quarter. State Street Corp now owns 7,161,586 shares of the company’s stock valued at $178,968,000 after acquiring an additional 83,033 shares in the last quarter. Invesco Ltd. raised its position in Element Solutions by 43.6% during the fourth quarter. Invesco Ltd. now owns 7,069,238 shares of the company’s stock worth $176,660,000 after acquiring an additional 2,146,512 shares during the last quarter. Finally, FIL Ltd raised its position in Element Solutions by 13.9% during the fourth quarter. FIL Ltd now owns 5,089,359 shares of the company’s stock worth $127,183,000 after acquiring an additional 621,448 shares during the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Element Solutions Stock Performance

NYSE ESI opened at $37.44 on Friday. The stock has a market capitalization of $9.12 billion, a price-to-earnings ratio of 60.38, a PEG ratio of 1.30 and a beta of 1.23. The business’s 50 day moving average is $42.04 and its two-hundred day moving average is $36.95. Element Solutions has a 12-month low of $22.63 and a 12-month high of $49.25. The company has a current ratio of 2.68, a quick ratio of 1.91 and a debt-to-equity ratio of 0.75.

Element Solutions (NYSE:ESI) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.38 by $0.03. Element Solutions had a return on equity of 14.19% and a net margin of 5.32%.The business had revenue of $840.00 million during the quarter, compared to analysts’ expectations of $710.51 million. During the same period last year, the firm earned $0.34 EPS. The company’s quarterly revenue was up 41.5% compared to the same quarter last year. Research analysts expect that Element Solutions will post 1.79 EPS for the current year.

Element Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, June 1st. Element Solutions’s payout ratio is presently 51.61%.

Element Solutions Company Profile

Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.