Element Solutions Inc (NYSE:ESI) Receives $31.00 Consensus PT from Analysts

Shares of Element Solutions Inc (NYSE:ESI) have been given a consensus rating of “Buy” by the seven analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $31.00.

A number of analysts have issued reports on the company. BMO Capital Markets raised their price target on Element Solutions from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Wolfe Research upgraded shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th. Barclays increased their price target 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. StockNews.com cut shares of Element Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. Finally, Seaport Res Ptn raised Element Solutions to a “strong-buy” rating in a research report on Monday, October 14th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ESI. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Element Solutions in the first quarter valued at approximately $863,000. BNP Paribas Financial Markets lifted its holdings in Element Solutions by 79.2% in the 1st quarter. BNP Paribas Financial Markets now owns 15,625 shares of the company’s stock worth $390,000 after buying an additional 6,908 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Element Solutions in the 1st quarter valued at about $341,000. QRG Capital Management Inc. boosted its position in Element Solutions by 11.1% in the 1st quarter. QRG Capital Management Inc. now owns 10,591 shares of the company’s stock valued at $265,000 after buying an additional 1,060 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its stake in shares of Element Solutions by 0.3% during the first quarter. Lord Abbett & CO. LLC now owns 426,768 shares of the company’s stock valued at $10,661,000 after acquiring an additional 1,414 shares in the last quarter. 92.32% of the stock is owned by hedge funds and other institutional investors.

Element Solutions Stock Performance

Shares of ESI opened at $28.57 on Wednesday. Element Solutions has a 1 year low of $18.85 and a 1 year high of $29.16. The company’s 50 day simple moving average is $26.27 and its 200 day simple moving average is $25.77. The company has a market capitalization of $6.92 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 1.60 and a beta of 1.29. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.77 and a current ratio of 3.52.

Element Solutions (NYSE:ESI) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $645.00 million for the quarter, compared to analyst estimates of $626.52 million. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.36 EPS. On average, sell-side analysts predict that Element Solutions will post 1.44 EPS for the current year.

Element Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date was Friday, August 30th. Element Solutions’s dividend payout ratio is presently 28.83%.

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.