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

Shares of Element Solutions Inc (NYSE:ESI) have been given a consensus rating of “Moderate Buy” by the nine ratings firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have 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 12-month price target among brokerages that have issued a report on the stock in the last year is $30.14.

A number of research analysts have recently commented on the stock. StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Truist Financial started coverage on shares of Element Solutions in a research report on Tuesday, January 28th. They set a “hold” rating and a $28.00 price target for the company. BMO Capital Markets lifted their price target on shares of Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Barclays lowered their price target on Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Finally, Bank of America reissued a “neutral” rating and issued a $28.00 price objective (down previously from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th.

Element Solutions Stock Up 1.9 %

Shares of NYSE ESI opened at $26.61 on Tuesday. The firm has a market cap of $6.45 billion, a P/E ratio of 26.08, a price-to-earnings-growth ratio of 2.30 and a beta of 1.29. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34. Element Solutions has a 1 year low of $23.10 and a 1 year high of $29.78. The firm’s 50 day moving average price is $25.74 and its 200 day moving average price is $26.35.

Element Solutions (NYSE:ESI) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. The business had revenue of $624.20 million during the quarter, compared to the consensus estimate of $598.24 million. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. As a group, sell-side analysts anticipate that Element Solutions will post 1.45 earnings per share for the current year.

Element Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Monday, March 3rd. Element Solutions’s dividend payout ratio is currently 31.37%.

Hedge Funds Weigh In On Element Solutions

A number of hedge funds have recently added to or reduced their stakes in the business. True Wealth Design LLC bought a new position in shares of Element Solutions in the 3rd quarter worth about $25,000. TD Private Client Wealth LLC bought a new stake in shares of Element Solutions during the 4th quarter valued at about $27,000. Park Square Financial Group LLC acquired a new stake in Element Solutions during the fourth quarter worth about $28,000. First Horizon Advisors Inc. lifted its holdings in Element Solutions by 610.7% in the fourth quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company’s stock worth $29,000 after acquiring an additional 971 shares during the last quarter. Finally, Trust Co. of Vermont acquired a new position in Element Solutions in the fourth quarter valued at approximately $43,000. 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.