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

Element Solutions Inc (NYSE:ESI) has earned a consensus rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $29.40.

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

Institutional Investors Weigh In On Element Solutions

A number of 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 4th quarter valued at approximately $27,000. SRS Capital Advisors Inc. lifted its holdings in Element Solutions by 370.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,623 shares of the company’s stock valued at $38,000 after acquiring an additional 1,278 shares during the last quarter. CWM LLC grew its position in Element Solutions by 95.9% in the fourth quarter. CWM LLC now owns 1,810 shares of the company’s stock worth $42,000 after acquiring an additional 886 shares during the period. EverSource Wealth Advisors LLC increased its stake in 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 acquiring an additional 684 shares during the last quarter. Finally, Assetmark Inc. increased its stake in 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 acquiring an additional 1,902 shares during the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Element Solutions Trading Down 3.8 %

Shares of NYSE:ESI opened at $25.15 on Monday. The business’s 50 day moving average price is $26.28 and its 200-day moving average price is $24.65. Element Solutions has a 1 year low of $17.57 and a 1 year high of $28.68. The firm has a market capitalization of $6.09 billion, a price-to-earnings ratio of 46.57, a price-to-earnings-growth ratio of 1.23 and a beta of 1.31. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.50 and a quick ratio of 2.69.

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

Element Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a dividend of $0.08 per share. The ex-dividend date was Friday, May 31st. This represents a $0.32 annualized dividend and a dividend yield of 1.27%. 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.