Element Solutions Inc (NYSE:ESI) Receives $31.40 Consensus PT from Analysts

Shares of Element Solutions Inc (NYSE:ESI - Get Free Report) have been assigned an average rating of "Buy" from the seven brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $31.40.

ESI has been the topic of several recent analyst reports. Seaport Res Ptn upgraded shares of Element Solutions to a "strong-buy" rating in a report on Monday, October 14th. Barclays increased their price objective 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 lifted their target price on Element Solutions from $32.00 to $34.00 and gave the company an "outperform" rating in a research report on Monday, December 16th. Wolfe Research upgraded Element Solutions from a "peer perform" rating to an "outperform" rating in a report on Friday, October 25th. Finally, StockNews.com upgraded shares of Element Solutions from a "hold" rating to a "buy" rating in a report on Wednesday.

Element Solutions Price Performance

Shares of ESI stock traded up $0.10 during mid-day trading on Thursday, hitting $25.84. 686,227 shares of the stock were exchanged, compared to its average volume of 1,353,022. The company has a market cap of $6.26 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 1.51 and a beta of 1.28. Element Solutions has a 52-week low of $21.42 and a 52-week high of $29.78. The company has a quick ratio of 2.77, a current ratio of 3.52 and a debt-to-equity ratio of 0.78. The firm has a fifty day moving average of $27.39 and a 200 day moving average of $26.65.

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

Element Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 1.24%. Element Solutions's dividend payout ratio (DPR) is presently 28.83%.

Institutional Investors Weigh In On Element Solutions

A number of hedge funds have recently added to or reduced their stakes in ESI. True Wealth Design LLC purchased a new position in Element Solutions in the third quarter valued at $25,000. Quarry LP purchased a new stake in shares of Element Solutions during the second quarter worth approximately $31,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Element Solutions by 39.4% during the second quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company's stock worth $82,000 after purchasing an additional 864 shares during the period. Quest Partners LLC grew its position in Element Solutions by 14,600.0% in the 2nd quarter. Quest Partners LLC now owns 3,234 shares of the company's stock valued at $88,000 after buying an additional 3,212 shares during the last quarter. Finally, Signaturefd LLC increased its stake in Element Solutions by 13.8% in the 2nd quarter. Signaturefd LLC now owns 3,683 shares of the company's stock valued at $100,000 after buying an additional 448 shares during the period. 92.32% of the stock is currently owned by institutional investors and hedge funds.

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.