Brokerages Set Element Solutions Inc (NYSE:ESI) PT at $30.83

Element Solutions Inc (NYSE:ESI) has been given an average rating of “Moderate Buy” by the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $30.83.

A number of analysts have commented on the stock. Seaport Res Ptn upgraded shares of Element Solutions to a “strong-buy” rating in a research note on Monday, October 14th. StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Barclays boosted their price target 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 raised their price objective on Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Finally, Wolfe Research upgraded Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th.

Element Solutions Trading Down 0.4 %

Shares of NYSE:ESI opened at $26.08 on Monday. The company’s 50-day moving average price is $26.65 and its two-hundred day moving average price is $26.47. Element Solutions has a one year low of $21.42 and a one year high of $29.78. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.52 and a quick ratio of 2.77. The stock has a market capitalization of $6.32 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 2.12 and a beta of 1.30.

Element Solutions (NYSE:ESI) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $645.00 million during the quarter, compared to the consensus estimate of $626.52 million. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. The business’s revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $0.36 earnings per share. On average, equities analysts forecast that Element Solutions will post 1.45 EPS for the current fiscal year.

Element Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Monday, December 2nd. Element Solutions’s dividend payout ratio is 28.83%.

Institutional Trading of Element Solutions

Hedge funds have recently added to or reduced their stakes in the stock. True Wealth Design LLC bought a new position in shares of Element Solutions in the 3rd quarter valued at $25,000. Quarry LP acquired a new position in Element Solutions in the 2nd quarter worth about $31,000. Trust Co. of Vermont acquired a new position in Element Solutions in the 4th quarter worth about $43,000. UMB Bank n.a. raised its position in Element Solutions by 98.8% in the fourth quarter. UMB Bank n.a. now owns 1,910 shares of the company’s stock valued at $49,000 after purchasing an additional 949 shares during the last quarter. Finally, Richardson Financial Services Inc. boosted its stake in shares of Element Solutions by 77.5% during the fourth quarter. Richardson Financial Services Inc. now owns 2,086 shares of the company’s stock valued at $53,000 after purchasing an additional 911 shares in the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Company Profile

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.