Element Solutions Inc (NYSE:ESI) Receives $30.14 Consensus PT from Brokerages

Shares of Element Solutions Inc (NYSE:ESI) have received a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $30.14.

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

Element Solutions Stock Performance

Shares of ESI opened at $26.17 on Tuesday. The stock’s 50-day simple moving average is $25.72 and its 200 day simple moving average is $26.35. Element Solutions has a 52-week low of $23.10 and a 52-week high of $29.78. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 2.30 and a beta of 1.29. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34.

Element Solutions (NYSE:ESI) last released its quarterly earnings results 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 return on equity of 14.68% and a net margin of 9.94%. The firm had revenue of $624.20 million for the quarter, compared to analysts’ expectations of $598.24 million. Research analysts forecast that Element Solutions will post 1.45 EPS for the current fiscal year.

Element Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.32 annualized dividend and a yield of 1.22%. Element Solutions’s payout ratio is 31.37%.

Hedge Funds Weigh In On Element Solutions

Several institutional investors and hedge funds have recently bought and sold shares of ESI. True Wealth Design LLC bought a new stake in shares of Element Solutions in the 3rd quarter worth approximately $25,000. TD Private Client Wealth LLC bought a new stake in shares of Element Solutions in the 4th quarter worth approximately $27,000. Park Square Financial Group LLC bought a new stake in shares of Element Solutions in the 4th quarter worth approximately $28,000. First Horizon Advisors Inc. grew its position in shares of Element Solutions by 610.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company’s stock worth $29,000 after buying an additional 971 shares during the last quarter. Finally, Trust Co. of Vermont bought a new stake in shares of Element Solutions in the 4th quarter worth approximately $43,000. 92.32% of the stock is currently owned by institutional investors.

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.