Barclays Forecasts Strong Price Appreciation for Element Solutions (NYSE:ESI) Stock

Element Solutions (NYSE:ESI) had its price objective lifted by Barclays from $30.00 to $32.00 in a research report sent to investors on Wednesday, Benzinga reports. Barclays currently has an overweight rating on the stock.

ESI has been the topic of several other research reports. BMO Capital Markets boosted their price target on Element Solutions from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday. Wolfe Research raised Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th. Seaport Res Ptn raised Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. Finally, StockNews.com lowered Element Solutions from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $31.00.

Element Solutions Stock Up 0.4 %

Shares of Element Solutions stock opened at $27.20 on Wednesday. The business’s 50 day simple moving average is $26.07 and its 200 day simple moving average is $25.62. Element Solutions has a 52-week low of $18.19 and a 52-week high of $28.68. The firm has a market cap of $6.59 billion, a PE ratio of 24.50, a P/E/G ratio of 1.50 and a beta of 1.29. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.60 and a current ratio of 3.52.

Element Solutions (NYSE:ESI) last announced its earnings results on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $645.00 million for the quarter, compared to analyst estimates of $626.52 million. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. Element Solutions’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.36 EPS. On average, analysts predict that Element Solutions will post 1.44 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.08 per share. The ex-dividend date was Friday, August 30th. This represents a $0.32 annualized dividend and a dividend yield of 1.18%. Element Solutions’s dividend payout ratio is currently 28.83%.

Institutional Trading of Element Solutions

Several institutional investors and hedge funds have recently modified their holdings of ESI. Quarry LP bought a new stake in shares of Element Solutions during the 2nd quarter worth $31,000. LRI Investments LLC bought a new stake in shares of Element Solutions during the 1st quarter worth $78,000. EverSource Wealth Advisors LLC lifted its position in shares of Element Solutions by 39.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock worth $82,000 after buying an additional 864 shares during the last quarter. Quest Partners LLC lifted its position in shares of Element Solutions by 14,600.0% during the 2nd quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock worth $88,000 after buying an additional 3,212 shares during the last quarter. Finally, Signaturefd LLC lifted its position in shares of Element Solutions by 13.8% during the 2nd quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock worth $100,000 after buying an additional 448 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors.

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.