Element Solutions Inc (NYSE:ESI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Element Solutions Inc (NYSE:ESI) have been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $30.14.

Several brokerages recently weighed in on ESI. BMO Capital Markets increased their price objective on shares of Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Bank of America reaffirmed a “neutral” rating and issued a $28.00 target price (down previously from $32.00) on shares of Element Solutions in a research note on Tuesday, January 14th. StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Truist Financial assumed coverage on shares of Element Solutions in a research note on Tuesday, January 28th. They issued a “hold” rating and a $28.00 target price for the company. Finally, Barclays lowered their target price on shares of Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, January 27th.

Element Solutions Trading Up 1.6 %

Shares of NYSE ESI opened at $25.25 on Tuesday. The company’s 50 day simple moving average is $25.70 and its 200 day simple moving average is $26.37. Element Solutions has a fifty-two week low of $23.10 and a fifty-two week high of $29.78. The firm has a market capitalization of $6.12 billion, a P/E ratio of 24.76, a P/E/G ratio of 2.30 and a beta of 1.29. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.34 and a quick ratio of 2.77.

Element Solutions (NYSE:ESI) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. The business had revenue of $624.20 million for the quarter, compared to analyst estimates of $598.24 million. On average, analysts predict that Element Solutions will post 1.45 EPS for the current year.

Element Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Monday, March 3rd. Element Solutions’s dividend payout ratio is 31.37%.

Institutional Investors Weigh In On Element Solutions

Large investors have recently made changes to their positions in the stock. Park Avenue Securities LLC increased its position in shares of Element Solutions by 79.0% during the fourth quarter. Park Avenue Securities LLC now owns 60,612 shares of the company’s stock worth $1,541,000 after acquiring an additional 26,753 shares in the last quarter. Cerity Partners LLC increased its position in shares of Element Solutions by 40.4% during the third quarter. Cerity Partners LLC now owns 172,000 shares of the company’s stock worth $4,672,000 after acquiring an additional 49,466 shares in the last quarter. Entropy Technologies LP bought a new position in Element Solutions in the fourth quarter valued at $433,000. Barclays PLC grew its position in Element Solutions by 96.0% in the third quarter. Barclays PLC now owns 108,174 shares of the company’s stock valued at $2,938,000 after purchasing an additional 52,973 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Element Solutions by 549.2% in the third quarter. JPMorgan Chase & Co. now owns 1,619,419 shares of the company’s stock valued at $43,983,000 after purchasing an additional 1,369,981 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.