Element Solutions Inc. (NYSE:ESI) Receives $39.57 Consensus Price Target from Brokerages

Shares of Element Solutions Inc. (NYSE:ESI) have received a consensus recommendation of “Buy” from the eleven research firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and three have issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $42.2857.

ESI has been the topic of a number of research analyst reports. Seaport Research Partners reissued a “buy” rating and issued a $49.00 price target on shares of Element Solutions in a report on Tuesday, May 5th. UBS Group lifted their price target on shares of Element Solutions to $52.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Element Solutions in a research note on Tuesday, May 19th. Freedom Capital raised shares of Element Solutions to a “strong-buy” rating in a report on Friday, March 27th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Element Solutions in a research report on Wednesday, May 20th.

Element Solutions Trading Up 0.2%

Shares of Element Solutions stock opened at $43.71 on Monday. Element Solutions has a fifty-two week low of $22.63 and a fifty-two week high of $49.25. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.91 and a current ratio of 2.68. The company has a market capitalization of $10.65 billion, a P/E ratio of 70.51, a P/E/G ratio of 1.52 and a beta of 1.23. The company has a fifty day moving average of $43.08 and a 200 day moving average of $35.54.

Element Solutions (NYSE:ESI) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.38 by $0.03. The business had revenue of $840.00 million for the quarter, compared to the consensus estimate of $710.51 million. Element Solutions had a return on equity of 14.19% and a net margin of 5.32%.The business’s revenue was up 41.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.34 earnings per share. On average, sell-side analysts anticipate that Element Solutions will post 1.78 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.08 per share. The ex-dividend date was Monday, June 1st. This represents a $0.32 annualized dividend and a yield of 0.7%. Element Solutions’s dividend payout ratio (DPR) is 51.61%.

Institutional Trading of Element Solutions

A number of large investors have recently made changes to their positions in ESI. Assetmark Inc. lifted its holdings in shares of Element Solutions by 151.0% in the 1st quarter. Assetmark Inc. now owns 778 shares of the company’s stock valued at $27,000 after acquiring an additional 468 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Element Solutions during the fourth quarter valued at approximately $28,000. NewEdge Advisors LLC raised its position in Element Solutions by 57.4% during the first quarter. NewEdge Advisors LLC now owns 949 shares of the company’s stock valued at $32,000 after purchasing an additional 346 shares during the period. Community Bank N.A. bought a new stake in shares of Element Solutions in the 3rd quarter valued at approximately $33,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Element Solutions in the 3rd quarter valued at approximately $41,000. 92.32% of the stock is currently owned by institutional investors.

About Element Solutions

Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.