Brokerages Set Element Solutions Inc. (NYSE:ESI) Price Target at $25.75

Element Solutions Inc. (NYSE:ESI - Get Free Report) has received a consensus recommendation of "Buy" from the ten analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $25.75.

ESI has been the topic of a number of analyst reports. Bank of America raised shares of Element Solutions from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $29.00 to $24.00 in a report on Tuesday, April 15th. UBS Group dropped their price target on shares of Element Solutions from $31.00 to $25.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. The Goldman Sachs Group lowered their target price on Element Solutions from $30.00 to $24.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. KeyCorp lowered their target price on Element Solutions from $29.00 to $28.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Finally, BMO Capital Markets lowered their target price on Element Solutions from $34.00 to $30.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th.

Element Solutions Stock Performance

Shares of NYSE:ESI traded up $0.13 on Thursday, reaching $21.50. 4,312,701 shares of the company's stock were exchanged, compared to its average volume of 1,962,403. The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 1.75 and a beta of 1.23. Element Solutions has a fifty-two week low of $16.77 and a fifty-two week high of $29.78. The business's 50-day moving average is $21.01 and its two-hundred day moving average is $23.62. The company has a quick ratio of 3.16, a current ratio of 3.95 and a debt-to-equity ratio of 0.64.

Element Solutions (NYSE:ESI - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $593.70 million for the quarter, compared to analysts' expectations of $576.73 million. Element Solutions had a return on equity of 14.42% and a net margin of 11.56%. The business's quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS. As a group, equities research analysts forecast that Element Solutions will post 1.45 EPS for the current year.

Element Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend was Monday, June 2nd. Element Solutions's dividend payout ratio (DPR) is presently 26.89%.

Hedge Funds Weigh In On Element Solutions

Several hedge funds have recently modified their holdings of ESI. TD Private Client Wealth LLC bought a new stake in shares of Element Solutions in the 4th quarter valued at approximately $27,000. Park Square Financial Group LLC bought a new stake in Element Solutions in the fourth quarter worth approximately $28,000. First Horizon Advisors Inc. grew its position in Element Solutions by 610.7% in the fourth quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company's stock worth $29,000 after acquiring an additional 971 shares in the last quarter. SVB Wealth LLC bought a new stake in Element Solutions in the first quarter worth approximately $37,000. Finally, Parkside Financial Bank & Trust bought a new stake in Element Solutions in the fourth quarter worth $48,000. 92.32% of the stock is currently owned by institutional investors and hedge funds.

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.