Element Solutions (NYSE:ESI) Price Target Raised to $30.00 at UBS Group

Key Points

• UBS Group has raised the price target for Element Solutions from $29.00 to $30.00, indicating a potential upside of 25.25% from the company's previous close.
• The company reported a Q2 EPS of $0.37, surpassing analysts' expectations, with revenues of $625.20 million, reflecting a 2.0% increase compared to the same quarter the previous year.
• Element Solutions is currently rated as a "Moderate Buy" with an average target price of $27.25, backed by eight buy ratings and two hold ratings from analysts.

Element Solutions (NYSE:ESI - Free Report) had its target price raised by UBS Group from $29.00 to $30.00 in a research note published on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on ESI. Bank of America upgraded shares of Element Solutions from a "neutral" rating to a "buy" rating and cut their target price for the company from $29.00 to $24.00 in a research report on Tuesday, April 15th. KeyCorp increased their price target on shares of Element Solutions from $28.00 to $29.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. BMO Capital Markets cut 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. Barclays cut their price target 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. Finally, Truist Financial upgraded shares of Element Solutions from a "hold" rating to a "buy" rating and cut their price target for the company 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 given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $27.38.

Element Solutions Price Performance

NYSE:ESI traded up $0.19 during mid-day trading on Thursday, reaching $23.36. 1,577,951 shares of the company were exchanged, compared to its average volume of 2,668,452. Element Solutions has a 12 month low of $16.77 and a 12 month high of $29.78. The company has a fifty day moving average of $22.91 and a 200 day moving average of $23.16. The company has a quick ratio of 3.30, a current ratio of 4.10 and a debt-to-equity ratio of 0.62. The stock has a market cap of $5.64 billion, a PE ratio of 23.36, a PEG ratio of 1.66 and a beta of 1.26.

Element Solutions (NYSE:ESI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.37 EPS 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 for the quarter, compared to analyst estimates of $587.45 million. During the same quarter in the prior year, the firm earned $0.36 EPS. The company's revenue was up 2.0% on a year-over-year basis. On average, research analysts anticipate that Element Solutions will post 1.45 EPS for the current fiscal year.

Element Solutions Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ESI. Park Square Financial Group LLC bought a new position in shares of Element Solutions during the 4th quarter worth $28,000. American National Bank & Trust bought a new position in shares of Element Solutions during the 2nd quarter worth $36,000. SVB Wealth LLC bought a new position in shares of Element Solutions during the 1st quarter worth $37,000. Fifth Third Bancorp grew its stake in shares of Element Solutions by 462.5% during the 2nd quarter. Fifth Third Bancorp now owns 2,160 shares of the company's stock worth $49,000 after acquiring an additional 1,776 shares during the period. Finally, Eagle Bay Advisors LLC grew its stake in shares of Element Solutions by 940.6% during the 1st quarter. Eagle Bay Advisors LLC now owns 2,279 shares of the company's stock worth $52,000 after acquiring an additional 2,060 shares during the period. 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.