Element Solutions Inc. (NYSE:ESI) Stock Has Average Target Price of $46.36

Key Points

• Analyst sentiment is positive: Twelve analysts give Element Solutions an average “Buy” rating, with an average 1-year price target of $46.36 versus a recent share price of $34.21.
• Quarterly results exceeded expectations: The company reported EPS of $0.50 against a $0.48 consensus estimate and revenue of $995.3 million, up 51.7% year over year.
• Institutional ownership is substantial: Institutional investors own 92.32% of ESI, with major firms including BlackRock, Bank of New York Mellon, and Assenagon Asset Management recently acquiring positions.

Element Solutions Inc. (NYSE:ESI - Get Free Report) has received an average recommendation of "Buy" from the twelve ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $46.36.

A number of brokerages have recently weighed in on ESI. Freedom Capital upgraded Element Solutions from a "hold" rating to a "strong-buy" rating in a report on Friday, August 28th. Weiss Ratings upgraded shares of Element Solutions from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, October 26th. Jefferies Financial Group initiated coverage on shares of Element Solutions in a research note on Wednesday, September 2nd. They set a "buy" rating and a $55.00 target price for the company. Barclays dropped their price target on shares of Element Solutions from $53.00 to $51.00 and set an "overweight" rating on the stock in a research note on Friday, October 23rd. Finally, Wolfe Research set a $47.00 price objective on Element Solutions in a research report on Wednesday, July 29th.

Element Solutions Stock Performance

Element Solutions stock opened at $34.21 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.78 and a quick ratio of 2.06. Element Solutions has a 12 month low of $22.86 and a 12 month high of $49.25. The company has a fifty day moving average price of $35.20 and a two-hundred day moving average price of $36.77. The company has a market cap of $8.30 billion, a PE ratio of 40.25, a P/E/G ratio of 1.15 and a beta of 1.26.

Element Solutions (NYSE:ESI - Get Free Report) last announced its quarterly earnings results on Wednesday, October 21st. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. Element Solutions had a net margin of 5.87% and a return on equity of 15.45%. The company had revenue of $995.30 million for the quarter, compared to analyst estimates of $964.23 million. During the same quarter last year, the business earned $0.41 earnings per share. Element Solutions's revenue was up 51.7% compared to the same quarter last year. Research analysts expect that Element Solutions will post 1.85 earnings per share for the current year.

Element Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Tuesday, September 1st. Element Solutions's dividend payout ratio is 37.65%.

Institutional Investors Weigh In On Element Solutions

Several institutional investors and hedge funds have recently bought and sold shares of ESI. BlackRock Inc. acquired a new position in Element Solutions in the second quarter valued at approximately $1,317,663,000. Bank of New York Mellon Corp bought a new position in Element Solutions during the second quarter worth about $110,892,000. Assenagon Asset Management S.A. acquired a new position in shares of Element Solutions during the 3rd quarter worth about $82,230,000. Bank of America Corp DE acquired a new position in shares of Element Solutions during the 2nd quarter worth about $47,689,000. Finally, Troluce Capital Advisors LLC bought a new stake in shares of Element Solutions in the 1st quarter valued at about $27,667,000. Institutional investors own 92.32% of the company's stock.

About Element Solutions

Element Solutions Inc NYSE: ESI is a specialty chemicals company that develops and produces materials used in electronics manufacturing and a range of industrial applications. Its products are designed to support processes such as printed circuit board fabrication, semiconductor packaging, electronic assembly, metal finishing, and surface treatment.

Through its electronics-focused businesses, including MacDermid Alpha Solutions, the company supplies solder materials, electronic assembly chemicals, circuit board materials, and semiconductor packaging solutions.

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