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

Shares of Element Solutions Inc. (NYSE:ESI - Get Free Report) have received an average recommendation of "Buy" from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $27.3750.

A number of equities analysts have weighed in on the stock. Barclays decreased their price objective on shares of Element Solutions from $30.00 to $27.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. BMO Capital Markets decreased 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. Mizuho upped their price objective on shares of Element Solutions from $24.00 to $27.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. 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 research report on Tuesday, April 15th. Finally, Truist Financial raised shares of Element Solutions from a "hold" rating to a "buy" rating and decreased their price objective for the company from $28.00 to $24.00 in a research report on Monday, April 14th.

Institutional Investors Weigh In On Element Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the business. Amalgamated Bank increased its stake in shares of Element Solutions by 479.7% in the first quarter. Amalgamated Bank now owns 67,594 shares of the company's stock valued at $1,528,000 after purchasing an additional 55,933 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Element Solutions by 48.5% in the first quarter. Bank of New York Mellon Corp now owns 1,716,292 shares of the company's stock valued at $38,805,000 after purchasing an additional 560,346 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Element Solutions in the first quarter valued at approximately $623,000. QRG Capital Management Inc. increased its stake in shares of Element Solutions by 13.3% in the first quarter. QRG Capital Management Inc. now owns 28,196 shares of the company's stock valued at $638,000 after purchasing an additional 3,302 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Element Solutions by 110.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 59,102 shares of the company's stock valued at $1,336,000 after purchasing an additional 30,953 shares during the period. Institutional investors and hedge funds own 92.32% of the company's stock.

Element Solutions Stock Up 1.8%

Shares of Element Solutions stock opened at $23.60 on Friday. The company has a fifty day moving average price of $23.05 and a 200 day moving average price of $23.11. 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 has a twelve month low of $16.77 and a twelve month high of $29.78. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 1.51 and a beta of 1.26.

Element Solutions (NYSE:ESI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $587.45 million. During the same period in the prior year, the company earned $0.36 EPS. The firm's revenue was up 2.0% on a year-over-year basis. Equities research analysts forecast that Element Solutions will post 1.45 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $0.08 per share. The ex-dividend date was Monday, June 2nd. This represents a $0.32 annualized dividend and a yield of 1.4%. Element Solutions's dividend payout ratio is 32.00%.

Element Solutions Company Profile

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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