Element Solutions (NYSE:ESI) Price Target Raised to $29.00 at KeyCorp

Element Solutions (NYSE:ESI - Free Report) had its price objective increased by KeyCorp from $28.00 to $29.00 in a research report report published on Monday,Benzinga reports. KeyCorp currently has an overweight rating on the stock.

A number of other brokerages have also recently weighed in on ESI. The Goldman Sachs Group decreased their price objective on Element Solutions from $30.00 to $24.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. BMO Capital Markets reduced their price target on shares of Element Solutions from $34.00 to $30.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. UBS Group boosted their price objective on shares of Element Solutions from $25.00 to $29.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Bank of America raised shares of Element Solutions from a "neutral" rating to a "buy" rating and cut their price objective for the company from $29.00 to $24.00 in a research note on Tuesday, April 15th. Finally, Truist Financial upgraded shares of Element Solutions from a "hold" rating to a "buy" rating and decreased their target price for the stock from $28.00 to $24.00 in a research report on Monday, April 14th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $26.38.

Element Solutions Price Performance

Shares of NYSE:ESI traded down $0.19 during trading on Monday, reaching $24.49. The company had a trading volume of 1,432,753 shares, compared to its average volume of 2,715,539. The company has a fifty day moving average of $22.23 and a two-hundred day moving average of $23.29. The company has a current ratio of 3.95, a quick ratio of 3.16 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $5.94 billion, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 1.99 and a beta of 1.23. Element Solutions has a 12 month low of $16.77 and a 12 month high of $29.78.

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

Element Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued 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 1.31%. Element Solutions's dividend payout ratio is currently 26.89%.

Institutional Investors Weigh In On Element Solutions

Large investors have recently added to or reduced their stakes in the company. TD Private Client Wealth LLC bought a new position in shares of Element Solutions during the fourth quarter valued at about $27,000. Park Square Financial Group LLC purchased a new position in Element Solutions during the 4th quarter valued at about $28,000. SVB Wealth LLC bought a new position in Element Solutions during the 1st quarter valued at approximately $37,000. Eagle Bay Advisors LLC lifted its holdings in Element Solutions by 940.6% in the 1st quarter. Eagle Bay Advisors LLC now owns 2,279 shares of the company's stock worth $52,000 after buying an additional 2,060 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Element Solutions in the 4th quarter worth approximately $68,000. 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.