Element Solutions Inc (NYSE:ESI) Receives $30.83 Consensus Target Price from Brokerages

Shares of Element Solutions Inc (NYSE:ESI - Get Free Report) have been given an average rating of "Moderate Buy" by the eight analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $30.83.

A number of research firms recently weighed in on ESI. BMO Capital Markets upped their target price on shares of Element Solutions from $32.00 to $34.00 and gave the stock an "outperform" rating in a report on Monday, December 16th. Seaport Res Ptn upgraded Element Solutions to a "strong-buy" rating in a report on Monday, October 14th. Bank of America reiterated a "neutral" rating and set a $28.00 price target (down previously from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. StockNews.com cut Element Solutions from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Finally, Barclays upped their target price on shares of Element Solutions from $30.00 to $32.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th.

Hedge Funds Weigh In On Element Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. True Wealth Design LLC purchased a new position in Element Solutions in the 3rd quarter worth approximately $25,000. Quarry LP bought a new stake in shares of Element Solutions during the 2nd quarter worth $31,000. Trust Co. of Vermont purchased a new position in Element Solutions in the fourth quarter worth $43,000. UMB Bank n.a. grew 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 worth $49,000 after acquiring an additional 949 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Element Solutions by 39.4% in the second quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company's stock valued at $82,000 after acquiring an additional 864 shares during the last quarter. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

Element Solutions Trading Up 0.8 %

ESI stock traded up $0.21 during mid-day trading on Monday, reaching $25.96. The company's stock had a trading volume of 788,038 shares, compared to its average volume of 1,051,110. Element Solutions has a 12 month low of $21.42 and a 12 month high of $29.78. 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 business's 50 day moving average price is $26.88 and its 200 day moving average price is $26.51. The company has a market cap of $6.29 billion, a price-to-earnings ratio of 23.39, a price-to-earnings-growth ratio of 1.29 and a beta of 1.30.

Element Solutions (NYSE:ESI - Get Free Report) last posted 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 firm had revenue of $645.00 million during the quarter, compared to the consensus estimate of $626.52 million. Element Solutions had a net margin of 11.08% and a return on equity of 14.42%. The business's revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 earnings per share. On average, equities research analysts predict that Element Solutions will post 1.45 EPS for the current year.

Element Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Monday, December 2nd. Element Solutions's dividend payout ratio is presently 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.