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Element Solutions Inc (NYSE:ESI) Given Average Recommendation of "Buy" by Analysts

Element Solutions logo with Basic Materials background

Shares of Element Solutions Inc (NYSE:ESI - Get Free Report) have been assigned a consensus recommendation of "Buy" from the ten brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $26.38.

ESI has been the topic of several recent research reports. Wall Street Zen downgraded shares of Element Solutions from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. UBS Group reduced their price objective on Element Solutions from $31.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Truist Financial raised Element Solutions from a "hold" rating to a "buy" rating and decreased their target price for the stock from $28.00 to $24.00 in a report on Monday, April 14th. Barclays cut their price target on Element Solutions from $30.00 to $27.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Finally, KeyCorp reduced their price target on Element Solutions from $29.00 to $28.00 and set an "overweight" rating for the company in a research report on Monday, April 14th.

Check Out Our Latest Stock Analysis on ESI

Insider Buying and Selling

In other Element Solutions news, Director Martin E. Franklin sold 2,000,000 shares of Element Solutions stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $26.10, for a total value of $52,200,000.00. Following the sale, the director now directly owns 109,100 shares in the company, valued at approximately $2,847,510. The trade was a 94.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 7.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Strs Ohio purchased a new stake in shares of Element Solutions in the first quarter worth about $1,172,000. Focus Partners Wealth bought a new stake in Element Solutions in the 1st quarter worth approximately $400,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Element Solutions by 4.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 872,451 shares of the company's stock worth $19,726,000 after acquiring an additional 37,204 shares in the last quarter. United Services Automobile Association bought a new position in shares of Element Solutions during the 1st quarter valued at approximately $281,000. Finally, Caxton Associates LLP bought a new position in shares of Element Solutions during the 1st quarter valued at approximately $676,000. Hedge funds and other institutional investors own 92.32% of the company's stock.

Element Solutions Stock Performance

Shares of ESI traded up $0.39 during trading hours on Friday, hitting $21.85. The stock had a trading volume of 1,501,077 shares, compared to its average volume of 1,964,814. The firm has a market capitalization of $5.30 billion, a PE ratio of 21.42, a PEG ratio of 2.30 and a beta of 1.24. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.34 and a quick ratio of 2.77. Element Solutions has a 12 month low of $16.77 and a 12 month high of $29.78. The stock has a fifty day moving average price of $20.74 and a 200 day moving average price of $24.41.

Element Solutions (NYSE:ESI - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. Element Solutions had a return on equity of 14.68% and a net margin of 9.94%. The business had revenue of $593.70 million during the quarter, compared to the consensus estimate of $576.73 million. During the same period in the previous year, the company posted $0.34 EPS. The business's quarterly revenue was up 3.3% compared to the same quarter last year. Analysts anticipate that Element Solutions will post 1.45 EPS for the current year.

Element Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Monday, June 2nd. Element Solutions's dividend payout ratio is currently 26.89%.

Element Solutions Company Profile

(Get Free Report

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.

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Analyst Recommendations for Element Solutions (NYSE:ESI)

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