Element Solutions Inc. (NYSE:ESI) Receives Consensus Rating of “Buy” from Brokerages

Element Solutions Inc. (NYSE:ESI) has been given an average recommendation of “Buy” by the eleven research firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $43.50.

A number of brokerages recently issued reports on ESI. UBS Group lifted their price target on shares of Element Solutions to $52.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Element Solutions in a research note on Friday, August 14th. Seaport Research Partners reissued a “buy” rating and set a $49.00 price objective on shares of Element Solutions in a report on Tuesday, May 5th. Truist Financial boosted their target price on shares of Element Solutions from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Finally, Mizuho restated a “neutral” rating and issued a $45.00 target price (down from $54.00) on shares of Element Solutions in a research note on Tuesday, July 14th.

Institutional Trading of Element Solutions

Several institutional investors and hedge funds have recently bought and sold shares of ESI. BlackRock Inc. acquired a new stake in shares of Element Solutions during the 2nd quarter valued at approximately $1,317,663,000. California State Teachers Retirement System boosted its holdings in Element Solutions by 4,566.5% in the second quarter. California State Teachers Retirement System now owns 12,778,378 shares of the company’s stock worth $610,168,000 after purchasing an additional 12,504,547 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Element Solutions during the second quarter worth $110,892,000. Invesco Ltd. raised its holdings in shares of Element Solutions by 43.6% during the fourth quarter. Invesco Ltd. now owns 7,069,238 shares of the company’s stock worth $176,660,000 after purchasing an additional 2,146,512 shares during the period. Finally, Scopus Asset Management L.P. raised its holdings in shares of Element Solutions by 134.6% during the second quarter. Scopus Asset Management L.P. now owns 3,426,156 shares of the company’s stock worth $77,602,000 after purchasing an additional 1,965,691 shares during the period. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Price Performance

ESI opened at $34.97 on Tuesday. Element Solutions has a twelve month low of $22.86 and a twelve month high of $49.25. The firm has a market cap of $8.52 billion, a price-to-earnings ratio of 47.26, a PEG ratio of 1.22 and a beta of 1.26. The company has a current ratio of 2.91, a quick ratio of 2.11 and a debt-to-equity ratio of 0.73. The company has a fifty day simple moving average of $40.21 and a 200 day simple moving average of $38.20.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Monday, July 27th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. The company had revenue of $977.90 million during the quarter, compared to analysts’ expectations of $873.19 million. Element Solutions had a net margin of 5.67% and a return on equity of 14.88%. The firm’s revenue for the quarter was up 56.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.20 EPS. Equities research analysts expect that Element Solutions will post 1.81 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Tuesday, September 1st. Element Solutions’s dividend payout ratio (DPR) is 43.24%.

Element Solutions Company Profile

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.