Analysts’ Weekly Ratings Changes for Element Solutions (ESI)

Posted by Donna Armstrong on Nov 14th, 2024

A number of firms have modified their ratings and price targets on shares of Element Solutions (NYSE: ESI) recently:

11/2/2024 – Element Solutions was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
10/30/2024 – Element Solutions had its price target raised by analysts at Barclays PLC from $30.00 to $32.00. They now have an “overweight” rating on the stock.
10/30/2024 – Element Solutions had its price target raised by analysts at BMO Capital Markets from $30.00 to $32.00. They now have an “outperform” rating on the stock.
10/25/2024 – Element Solutions was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating.
10/24/2024 – Element Solutions was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
10/14/2024 – Element Solutions was upgraded by analysts at Seaport Res Ptn to a “strong-buy” rating.
9/24/2024 – Element Solutions was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

Element Solutions Trading Down 0.2 %

NYSE ESI traded down $0.07 on Thursday, reaching $28.44. The stock had a trading volume of 4,267 shares, compared to its average volume of 1,363,386. The company has a quick ratio of 2.77, a current ratio of 3.52 and a debt-to-equity ratio of 0.78. The stock has a fifty day moving average price of $26.42 and a two-hundred day moving average price of $25.88. Element Solutions Inc has a 12-month low of $20.17 and a 12-month high of $29.16. The firm has a market capitalization of $6.89 billion, a price-to-earnings ratio of 25.62, a P/E/G ratio of 1.57 and a beta of 1.29.

Element Solutions (NYSE:ESI – Get Free Report) last released its earnings results on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. The company had revenue of $645.00 million during the quarter, compared to the consensus estimate of $626.52 million. During the same period in the previous year, the company posted $0.36 EPS. Element Solutions’s revenue was up 7.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Element Solutions Inc will post 1.44 EPS for the current fiscal year.

Element Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Friday, August 30th. Element Solutions’s dividend payout ratio is presently 28.83%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ESI. Quarry LP acquired a new stake in shares of Element Solutions in the 2nd quarter worth $31,000. LRI Investments LLC acquired a new position in Element Solutions during the first quarter worth $78,000. EverSource Wealth Advisors LLC lifted its holdings in Element Solutions by 39.4% in the second quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock valued at $82,000 after acquiring an additional 864 shares during the period. Quest Partners LLC boosted its position in shares of Element Solutions by 14,600.0% during the 2nd quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock worth $88,000 after purchasing an additional 3,212 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of Element Solutions by 13.8% during the 2nd quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock worth $100,000 after purchasing an additional 448 shares during the period. Hedge funds and other institutional investors own 92.32% of the company’s stock.

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.