Element Solutions Inc. (NYSE:ESI) Receives $27.38 Average PT from Brokerages

Key Points

• Element Solutions Inc. has received a consensus rating of “Buy” from ten brokerages, with an average price target of $27.3750.
• Institutional investors currently hold 92.32% of the company's stock, with significant recent acquisitions by multiple firms boosting their stakes.
• The company reported a quarterly earnings per share of $0.37, exceeding expectations and indicating a revenue increase of 2.0% year-over-year.

Element Solutions Inc. (NYSE:ESI - Get Free Report) has received a consensus rating of "Buy" from the ten analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $27.3750.

Several research analysts have weighed in on the stock. The Goldman Sachs Group restated a "neutral" rating and set a $27.00 price objective (up previously from $24.00) on shares of Element Solutions in a report on Tuesday, July 15th. BMO Capital Markets lowered their price target on Element Solutions from $34.00 to $30.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. UBS Group increased their price target on Element Solutions from $29.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Bank of America upgraded shares of Element Solutions from a "neutral" rating to a "buy" rating and lowered their target price for the company from $29.00 to $24.00 in a report on Tuesday, April 15th. Finally, Truist Financial upgraded shares of Element Solutions from a "hold" rating to a "buy" rating and lowered their target price for the company from $28.00 to $24.00 in a report on Monday, April 14th.

Element Solutions Stock Up 3.4%

NYSE ESI traded up $0.80 on Friday, hitting $24.58. 141,680 shares of the company were exchanged, compared to its average volume of 2,613,522. The company has a market cap of $5.94 billion, a PE ratio of 24.56, a PEG ratio of 1.56 and a beta of 1.26. 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 of $23.15 and a 200-day moving average of $23.03. The company has a current ratio of 4.10, a quick ratio of 3.30 and a debt-to-equity ratio of 0.62.

Element Solutions (NYSE:ESI - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. Element Solutions had a net margin of 9.66% and a return on equity of 14.14%. The firm had revenue of $625.20 million for the quarter, compared to the consensus estimate of $587.45 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The business's revenue was up 2.0% on a year-over-year basis. As a group, analysts forecast that Element Solutions will post 1.45 earnings per share for the current year.

Element Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.08 dividend. The ex-dividend date was Monday, June 2nd. This represents a $0.32 annualized dividend and a dividend yield of 1.3%. Element Solutions's dividend payout ratio is currently 32.00%.

Institutional Trading of Element Solutions

Large investors have recently added to or reduced their stakes in the stock. Gates Capital Management Inc. grew its stake in shares of Element Solutions by 101.9% during the 1st quarter. Gates Capital Management Inc. now owns 5,424,745 shares of the company's stock worth $122,653,000 after acquiring an additional 2,738,250 shares during the period. Vanguard Group Inc. increased its stake in shares of Element Solutions by 12.1% in the first quarter. Vanguard Group Inc. now owns 24,932,851 shares of the company's stock worth $563,732,000 after purchasing an additional 2,688,056 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Element Solutions by 131.0% in the first quarter. AQR Capital Management LLC now owns 2,861,197 shares of the company's stock worth $64,692,000 after purchasing an additional 1,622,819 shares in the last quarter. FIL Ltd purchased a new position in shares of Element Solutions in the fourth quarter worth about $29,818,000. Finally, London Co. of Virginia purchased a new position in shares of Element Solutions in the fourth quarter worth about $29,800,000. Hedge funds and other institutional investors own 92.32% of the company's stock.

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.