Element Solutions Inc (NYSE:ESI) Receives $31.40 Consensus PT from Analysts

Element Solutions Inc (NYSE:ESI) has received a consensus rating of “Buy” from the seven analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $31.40.

Several research firms have recently weighed in on ESI. Barclays upped their price objective on Element Solutions from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. BMO Capital Markets boosted their price objective on shares of Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Wolfe Research upgraded Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th. Seaport Res Ptn upgraded Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. Finally, StockNews.com upgraded Element Solutions from a “hold” rating to a “buy” rating in a research note on Wednesday, December 25th.

Element Solutions Stock Down 0.4 %

NYSE:ESI opened at $25.51 on Thursday. Element Solutions has a 1 year low of $21.42 and a 1 year high of $29.78. The stock has a 50-day moving average price of $27.42 and a two-hundred day moving average price of $26.67. The stock has a market cap of $6.18 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 1.51 and a beta of 1.28. The company has a current ratio of 3.52, a quick ratio of 2.77 and a debt-to-equity ratio of 0.78.

Element Solutions (NYSE:ESI) last posted its earnings results on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. The business had revenue of $645.00 million during the quarter, compared to analysts’ expectations of $626.52 million. During the same period in the prior year, the business earned $0.36 EPS. Element Solutions’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, equities analysts expect that Element Solutions will post 1.44 earnings per share for the current year.

Element Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Monday, December 2nd. Element Solutions’s payout ratio is presently 28.83%.

Institutional Investors Weigh In On Element Solutions

Several hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP raised its position in shares of Element Solutions by 149.2% in the second quarter. Marshall Wace LLP now owns 3,934,310 shares of the company’s stock valued at $106,698,000 after purchasing an additional 2,355,554 shares during the period. Ilex Capital Partners UK LLP lifted its position in Element Solutions by 162.7% during the third quarter. Ilex Capital Partners UK LLP now owns 2,470,003 shares of the company’s stock worth $67,085,000 after acquiring an additional 1,529,607 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Element Solutions by 549.2% during the third quarter. JPMorgan Chase & Co. now owns 1,619,419 shares of the company’s stock worth $43,983,000 after acquiring an additional 1,369,981 shares during the period. Driehaus Capital Management LLC acquired a new position in shares of Element Solutions in the second quarter valued at approximately $32,364,000. Finally, Jennison Associates LLC bought a new position in shares of Element Solutions during the third quarter worth approximately $21,889,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

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.