Element Solutions Inc (NYSE:ESI) Receives $30.14 Average PT from Brokerages

Shares of Element Solutions Inc (NYSE:ESI - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the nine analysts that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $30.14.

ESI has been the subject of several recent analyst reports. BMO Capital Markets boosted their target price on shares of Element Solutions from $32.00 to $34.00 and gave the stock an "outperform" rating in a research report on Monday, December 16th. Truist Financial began coverage on shares of Element Solutions in a research note on Tuesday, January 28th. They set a "hold" rating and a $28.00 target price for the company. Bank of America reaffirmed a "neutral" rating and set a $28.00 price objective (down previously from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. StockNews.com downgraded Element Solutions from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Finally, Barclays dropped their price target on Element Solutions from $32.00 to $30.00 and set an "overweight" rating on the stock in a research report on Monday, January 27th.

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Institutional Investors Weigh In On Element Solutions

Hedge funds and other institutional investors have recently modified their holdings of the stock. Park Avenue Securities LLC increased its position in shares of Element Solutions by 79.0% during the 4th quarter. Park Avenue Securities LLC now owns 60,612 shares of the company's stock valued at $1,541,000 after purchasing an additional 26,753 shares during the period. Cerity Partners LLC grew its holdings in Element Solutions by 40.4% during the third quarter. Cerity Partners LLC now owns 172,000 shares of the company's stock worth $4,672,000 after acquiring an additional 49,466 shares during the period. Entropy Technologies LP acquired a new position in Element Solutions during the fourth quarter worth about $433,000. Barclays PLC raised its position in Element Solutions by 96.0% in the third quarter. Barclays PLC now owns 108,174 shares of the company's stock worth $2,938,000 after acquiring an additional 52,973 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Element Solutions by 549.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,619,419 shares of the company's stock valued at $43,983,000 after acquiring an additional 1,369,981 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors.

Element Solutions Stock Down 0.1 %

ESI stock traded down $0.03 during trading on Tuesday, reaching $25.45. The stock had a trading volume of 1,561,436 shares, compared to its average volume of 1,391,753. The firm has a fifty day moving average price of $25.70 and a 200 day moving average price of $26.36. The company has a current ratio of 3.34, a quick ratio of 2.77 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $6.17 billion, a P/E ratio of 24.96, a PEG ratio of 2.30 and a beta of 1.29. Element Solutions has a 1-year low of $23.10 and a 1-year high of $29.78.

Element Solutions (NYSE:ESI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.35 EPS for the quarter, meeting analysts' consensus estimates of $0.35. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The firm had revenue of $624.20 million during the quarter, compared to the consensus estimate of $598.24 million. On average, equities analysts anticipate that Element Solutions will post 1.45 earnings per share for the current year.

Element Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.26%. The ex-dividend date is Monday, March 3rd. Element Solutions's payout ratio is currently 31.37%.

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.