Mizuho Increases Element Solutions (NYSE:ESI) Price Target to $27.00

Element Solutions (NYSE:ESI - Free Report) had its price target boosted by Mizuho from $24.00 to $27.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other equities analysts have also recently weighed in on ESI. Bank of America upgraded 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 report on Tuesday, April 15th. Barclays cut their price objective on Element Solutions from $30.00 to $27.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. UBS Group lifted their price objective on Element Solutions from $25.00 to $29.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. KeyCorp lifted their price objective on Element Solutions from $28.00 to $29.00 and gave the company an "overweight" rating in a report on Monday. Finally, The Goldman Sachs Group cut their target price on Element Solutions from $30.00 to $24.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Two research 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's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $27.13.

Element Solutions Trading Up 2.0%

Shares of Element Solutions stock traded up $0.49 during trading on Tuesday, hitting $24.72. 1,729,662 shares of the company were exchanged, compared to its average volume of 2,037,276. The firm has a market capitalization of $5.99 billion, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 1.76 and a beta of 1.23. Element Solutions has a 1-year low of $16.77 and a 1-year high of $29.78. The firm's fifty day moving average price is $22.51 and its 200 day moving average price is $23.29. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.95 and a quick ratio of 3.16.

Element Solutions (NYSE:ESI - Get Free Report) last posted 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. The company had revenue of $593.70 million during the quarter, compared to analyst estimates of $576.73 million. Element Solutions had a return on equity of 14.42% and a net margin of 11.56%. The company's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 EPS. As a group, sell-side analysts expect that Element Solutions will post 1.45 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Monday, June 2nd. Element Solutions's dividend payout ratio is currently 26.89%.

Institutional Investors Weigh In On Element Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in ESI. Integrated Wealth Concepts LLC raised its stake in Element Solutions by 1.8% in the 4th quarter. Integrated Wealth Concepts LLC now owns 23,979 shares of the company's stock valued at $610,000 after acquiring an additional 423 shares during the period. Avantax Advisory Services Inc. grew its holdings in shares of Element Solutions by 4.0% during the 4th quarter. Avantax Advisory Services Inc. now owns 11,297 shares of the company's stock worth $287,000 after purchasing an additional 430 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of Element Solutions by 1.2% during the 1st quarter. Mackenzie Financial Corp now owns 45,210 shares of the company's stock worth $1,022,000 after purchasing an additional 529 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in Element Solutions by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 98,398 shares of the company's stock valued at $2,502,000 after buying an additional 610 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Element Solutions by 7.1% during the first quarter. KBC Group NV now owns 10,319 shares of the company's stock valued at $233,000 after purchasing an additional 681 shares in the last quarter. 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.