Element Solutions Inc (NYSE:ESI) Receives Consensus Rating of "Buy" from Brokerages

Shares of Element Solutions Inc (NYSE:ESI - Get Free Report) have been assigned a consensus recommendation of "Buy" from the seven analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $31.00.

ESI has been the subject of several analyst reports. Seaport Res Ptn raised shares of Element Solutions to a "strong-buy" rating in a research report on Monday, October 14th. Wolfe Research upgraded shares of Element Solutions from a "peer perform" rating to an "outperform" rating in a report on Friday, October 25th. Barclays raised their price objective on Element Solutions from $30.00 to $32.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. StockNews.com cut Element Solutions from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, BMO Capital Markets lifted 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, October 30th.

Institutional Investors Weigh In On Element Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quarry LP purchased a new stake in shares of Element Solutions in the 2nd quarter worth $31,000. LRI Investments LLC bought a new position in shares of Element Solutions in the first quarter worth about $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 valued at $82,000 after buying an additional 864 shares in the last quarter. Quest Partners LLC grew its stake 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 valued at $88,000 after acquiring an additional 3,212 shares during the period. Finally, Signaturefd LLC increased its holdings in Element Solutions by 13.8% in the 2nd quarter. Signaturefd LLC now owns 3,683 shares of the company's stock worth $100,000 after acquiring an additional 448 shares in the last quarter. Hedge funds and other institutional investors own 92.32% of the company's stock.

Element Solutions Stock Performance

Shares of ESI traded up $1.07 on Wednesday, reaching $28.92. 788,013 shares of the company's stock traded hands, compared to its average volume of 1,376,093. The stock has a market cap of $7.00 billion, a PE ratio of 26.14, a PEG ratio of 1.51 and a beta of 1.29. Element Solutions has a 52-week low of $18.82 and a 52-week high of $29.04. The company has a current ratio of 3.52, a quick ratio of 2.77 and a debt-to-equity ratio of 0.78. The stock's 50 day simple moving average is $26.13 and its two-hundred day simple moving average is $25.69.

Element Solutions (NYSE:ESI - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $645.00 million during the quarter, compared to analysts' expectations of $626.52 million. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. The firm's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 earnings per share. On average, analysts forecast that Element Solutions will post 1.44 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.32 annualized dividend and a dividend yield of 1.11%. Element Solutions's payout ratio is 28.83%.

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.