Element Solutions Inc. (NYSE:ESI) Stock Has Consensus Price Target of $45.50

Key Points

• Analysts maintain a bullish outlook: Eleven firms have a consensus “Buy” rating, with an average 12-month price target of $45.50 versus the stock’s reported $37.74 price.
• Quarterly results exceeded expectations: Element Solutions reported adjusted EPS of $0.47, beating estimates by $0.04, while revenue reached $977.9 million, up 56.4% year over year and above analyst forecasts.
• Institutional ownership is substantial: Institutional investors hold 92.32% of shares, with BlackRock and other major firms establishing or increasing positions. The company also pays a quarterly dividend of $0.08 per share, equivalent to a 0.8% yield.

Shares of Element Solutions Inc. (NYSE:ESI - Get Free Report) have received a consensus recommendation of "Buy" from the eleven ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $45.50.

A number of research analysts recently commented on ESI shares. Truist Financial increased their price target on shares of Element Solutions from $47.00 to $48.00 and gave the company a "buy" rating in a report on Thursday, July 9th. UBS Group boosted their price objective on Element Solutions from $47.00 to $48.00 and gave the stock a "buy" rating in a research note on Monday. BMO Capital Markets restated an "outperform" rating and set a $45.00 price objective on shares of Element Solutions in a research report on Monday, September 21st. The Goldman Sachs Group began coverage on Element Solutions in a research note on Friday, September 11th. They issued a "buy" rating and a $44.00 price objective for the company. Finally, Bank of America began coverage on Element Solutions in a research report on Tuesday, September 1st. They set a "buy" rating and a $42.00 target price on the stock.

Element Solutions Trading Up 0.5%

Shares of ESI opened at $37.74 on Wednesday. The company's fifty day moving average is $35.93 and its 200 day moving average is $38.71. Element Solutions has a fifty-two week low of $22.86 and a fifty-two week high of $49.25. The stock has a market capitalization of $9.20 billion, a PE ratio of 51.00, a P/E/G ratio of 1.39 and a beta of 1.26. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.11 and a current ratio of 2.91.

Element Solutions (NYSE:ESI - Get Free Report) last released its quarterly earnings data on Monday, July 27th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.43 by $0.04. Element Solutions had a net margin of 5.67% and a return on equity of 14.88%. The business had revenue of $977.90 million during the quarter, compared to analyst estimates of $873.19 million. During the same quarter last year, the business earned $0.20 earnings per share. Element Solutions's quarterly revenue was up 56.4% compared to the same quarter last year. Sell-side analysts expect that Element Solutions will post 1.81 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, September 1st. Element Solutions's payout ratio is presently 43.24%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ESI. BlackRock Inc. purchased a new position in shares of Element Solutions during the second quarter valued at approximately $1,317,663,000. Bank of New York Mellon Corp purchased a new stake in shares of Element Solutions in the second quarter worth approximately $110,892,000. Bank of America Corp DE bought a new stake in shares of Element Solutions during the 2nd quarter worth approximately $47,689,000. Troluce Capital Advisors LLC bought a new stake in shares of Element Solutions during the 1st quarter worth approximately $27,667,000. Finally, Jennison Associates LLC boosted its holdings in Element Solutions by 36.7% during the 1st quarter. Jennison Associates LLC now owns 2,977,958 shares of the company's stock valued at $101,667,000 after acquiring an additional 798,923 shares during the period. 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 manufactures products used in electronics, industrial processes, and other specialized applications. Its materials and process solutions are designed to improve manufacturing performance, product reliability, and surface protection across a range of end markets.

The company's Electronics segment supplies chemicals, materials, and equipment used in printed circuit board fabrication, semiconductor packaging, and other electronic component manufacturing.

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