Element Solutions Inc. (NYSE:ESI) Receives Average Rating of "Buy" from Analysts

Element Solutions Inc. (NYSE:ESI - Get Free Report) has been assigned an average recommendation of "Buy" from the ten brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $26.25.

A number of research firms have recently commented on ESI. UBS Group boosted their price objective on Element Solutions from $25.00 to $29.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. BMO Capital Markets reduced their price objective on shares of Element Solutions from $34.00 to $30.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Bank of America raised shares of Element Solutions from a "neutral" rating to a "buy" rating and decreased their price objective for the company from $29.00 to $24.00 in a report on Tuesday, April 15th. Mizuho boosted their target price on shares of Element Solutions from $23.00 to $24.00 and gave the stock an "outperform" rating in a research note on Friday, June 13th. Finally, KeyCorp decreased their price target on shares of Element Solutions from $29.00 to $28.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th.

Element Solutions Stock Performance

ESI opened at $24.70 on Monday. The firm has a fifty day moving average price of $22.23 and a 200 day moving average price of $23.29. Element Solutions has a 1 year low of $16.77 and a 1 year high of $29.78. The stock has a market cap of $5.99 billion, a P/E ratio of 20.76, a P/E/G ratio of 1.99 and a beta of 1.23. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.95 and a quick ratio of 3.16.

Element Solutions (NYSE:ESI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. Element Solutions had a net margin of 11.56% and a return on equity of 14.42%. The business had revenue of $593.70 million during the quarter, compared to the consensus estimate of $576.73 million. During the same quarter in the prior year, the firm posted $0.34 earnings per share. The company's revenue was up 3.3% compared to the same quarter last year. Equities research analysts anticipate that Element Solutions will post 1.45 earnings per share for the current year.

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.08 per share. The ex-dividend date was Monday, June 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 1.30%. Element Solutions's payout ratio is 26.89%.

Institutional Trading of Element Solutions

Large investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC grew its holdings in shares of Element Solutions by 1.8% in the fourth quarter. Integrated Wealth Concepts LLC now owns 23,979 shares of the company's stock valued at $610,000 after purchasing an additional 423 shares during the period. Avantax Advisory Services Inc. boosted its holdings in Element Solutions by 4.0% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,297 shares of the company's stock valued at $287,000 after purchasing an additional 430 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Element Solutions by 1.2% in the 1st quarter. Mackenzie Financial Corp now owns 45,210 shares of the company's stock valued at $1,022,000 after buying an additional 529 shares during the period. Treasurer of the State of North Carolina grew its stake in shares of Element Solutions by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 98,398 shares of the company's stock valued at $2,502,000 after buying an additional 610 shares during the period. Finally, KBC Group NV increased its holdings in shares of Element Solutions by 7.1% during the 1st quarter. KBC Group NV now owns 10,319 shares of the company's stock worth $233,000 after buying an additional 681 shares during the last quarter. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

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.

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