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

Element Solutions Inc (NYSE:ESI) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $29.40.

Several brokerages have commented on ESI. BMO Capital Markets reaffirmed an “outperform” rating and issued a $30.00 price objective (up previously from $28.00) on shares of Element Solutions in a research report on Wednesday, June 12th. StockNews.com upgraded Element Solutions from a “hold” rating to a “buy” rating in a research note on Thursday. Mizuho raised their price target on Element Solutions from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. The Goldman Sachs Group raised their price target on Element Solutions from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, June 27th. Finally, UBS Group raised their price target on Element Solutions from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, June 24th.

Institutional Investors Weigh In On Element Solutions

Institutional investors and hedge funds have recently modified their holdings of the company. Richardson Financial Services Inc. purchased a new stake in shares of Element Solutions in the fourth quarter valued at approximately $27,000. SRS Capital Advisors Inc. increased its position in shares of Element Solutions by 370.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,623 shares of the company’s stock worth $38,000 after purchasing an additional 1,278 shares in the last quarter. CWM LLC increased its position in shares of Element Solutions by 95.9% during the fourth quarter. CWM LLC now owns 1,810 shares of the company’s stock worth $42,000 after purchasing an additional 886 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Element Solutions by 51.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,002 shares of the company’s stock worth $46,000 after purchasing an additional 684 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of Element Solutions by 1,585.0% during the fourth quarter. Assetmark Inc. now owns 2,022 shares of the company’s stock worth $47,000 after purchasing an additional 1,902 shares in the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Stock Performance

NYSE:ESI opened at $25.15 on Monday. The stock’s fifty day moving average is $26.28 and its 200 day moving average is $24.65. Element Solutions has a fifty-two week low of $17.57 and a fifty-two week high of $28.68. The firm has a market capitalization of $6.09 billion, a PE ratio of 46.57, a PEG ratio of 1.23 and a beta of 1.31. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.69 and a current ratio of 3.50.

Element Solutions (NYSE:ESI) last announced its quarterly earnings data on Monday, July 29th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. The company had revenue of $613.00 million for the quarter, compared to the consensus estimate of $606.95 million. Element Solutions had a return on equity of 14.42% and a net margin of 8.24%. Element Solutions’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 EPS. On average, sell-side analysts anticipate that Element Solutions will post 1.45 earnings per share for the current year.

Element Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.27%. The ex-dividend date was Friday, May 31st. Element Solutions’s dividend payout ratio is presently 59.26%.

About Element Solutions

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.