Element Solutions Inc. (NYSE:ESI) Receives $25.75 Average Price Target from Analysts

Shares of Element Solutions Inc. (NYSE:ESI - Get Free Report) have been assigned a consensus rating of "Buy" from the ten analysts that are presently covering the firm, MarketBeat.com reports. One 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 1 year price objective among analysts that have issued a report on the stock in the last year is $25.75.

Several research firms have recently commented on ESI. KeyCorp decreased their price objective on Element Solutions from $29.00 to $28.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. UBS Group decreased their price target on shares of Element Solutions from $31.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Barclays dropped their target price on shares of Element Solutions from $30.00 to $27.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Bank of America raised shares of Element Solutions from a "neutral" rating to a "buy" rating and reduced their target price for the stock from $29.00 to $24.00 in a research note on Tuesday, April 15th. Finally, The Goldman Sachs Group reduced their price target on shares of Element Solutions from $30.00 to $24.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th.

Element Solutions Trading Up 0.6%

Shares of NYSE:ESI traded up $0.13 during mid-day trading on Thursday, reaching $21.50. 4,312,701 shares of the company's stock were exchanged, compared to its average volume of 1,962,850. The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 1.74 and a beta of 1.23. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.16 and a current ratio of 3.95. Element Solutions has a twelve month low of $16.77 and a twelve month high of $29.78. The business's fifty day moving average price is $21.01 and its 200-day moving average price is $23.65.

Element Solutions (NYSE:ESI - Get Free Report) last posted its 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 analyst estimates of $576.73 million. Element Solutions had a net margin of 11.56% and a return on equity of 14.42%. Element Solutions's revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 EPS. On average, research analysts predict that Element Solutions will post 1.45 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The company also recently announced 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. This represents a $0.32 dividend on an annualized basis 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 currently 26.89%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Gates Capital Management Inc. increased its holdings in shares of Element Solutions by 101.9% in the first quarter. Gates Capital Management Inc. now owns 5,424,745 shares of the company's stock valued at $122,653,000 after purchasing an additional 2,738,250 shares during the last quarter. Vanguard Group Inc. lifted 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 acquiring an additional 2,688,056 shares during the period. AQR Capital Management LLC lifted its stake in Element Solutions by 131.0% in the first quarter. AQR Capital Management LLC now owns 2,861,197 shares of the company's stock valued at $64,692,000 after buying an additional 1,622,819 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Element Solutions by 80.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,921,021 shares of the company's stock valued at $74,282,000 after acquiring an additional 1,301,602 shares in the last quarter. Finally, FIL Ltd bought a new stake in Element Solutions during the fourth quarter worth $29,818,000. Institutional investors own 92.32% of the company's stock.

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.