Element Solutions Inc. (ESI) – What Are Analysts Thinking About This Stock?

Shares of Element Solutions Inc. (NYSE:ESI) have earned an average rating of “Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $45.50.

ESI has been the subject of a number of recent research reports. BMO Capital Markets reiterated an “outperform” rating and set a $45.00 price target on shares of Element Solutions in a research note on Monday, September 21st. UBS Group lifted their price objective on shares of Element Solutions from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, October 5th. Wolfe Research set a $47.00 price objective on shares of Element Solutions in a research note on Wednesday, July 29th. The Goldman Sachs Group initiated coverage on shares of Element Solutions in a report on Friday, September 11th. They issued a “buy” rating and a $44.00 target price for the company. Finally, Weiss Ratings downgraded shares of Element Solutions from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 10th.

Element Solutions Price Performance

Shares of NYSE ESI opened at $36.27 on Wednesday. The stock has a market cap of $8.84 billion, a P/E ratio of 49.02, a P/E/G ratio of 1.35 and a beta of 1.26. Element Solutions has a twelve month low of $22.86 and a twelve month high of $49.25. The stock has a 50 day moving average of $35.99 and a two-hundred day moving average of $38.80. The company has a current ratio of 2.91, a quick ratio of 2.11 and a debt-to-equity ratio of 0.73.

Element Solutions (NYSE:ESI) last announced its earnings results on Monday, July 27th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. The business had revenue of $977.90 million for the quarter, compared to analyst estimates of $873.19 million. Element Solutions had a net margin of 5.67% and a return on equity of 14.88%. The company’s revenue for the quarter was up 56.4% compared to the same quarter last year. During the same period last year, the firm posted $0.20 earnings per share. On average, research analysts forecast that Element Solutions will post 1.81 earnings per share for the current year.

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.32 annualized dividend and a yield of 0.9%. Element Solutions’s dividend payout ratio is currently 43.24%.

Institutional Trading of Element Solutions

Hedge funds have recently added to or reduced their stakes in the stock. HB Wealth Management LLC boosted its stake in shares of Element Solutions by 4.8% in the second quarter. HB Wealth Management LLC now owns 6,295 shares of the company’s stock valued at $301,000 after buying an additional 291 shares in the last quarter. NewEdge Advisors LLC raised its position in Element Solutions by 57.4% in the first quarter. NewEdge Advisors LLC now owns 949 shares of the company’s stock worth $32,000 after acquiring an additional 346 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Element Solutions by 3.8% in the first quarter. EverSource Wealth Advisors LLC now owns 10,450 shares of the company’s stock worth $357,000 after acquiring an additional 385 shares in the last quarter. Versant Capital Management Inc raised its position in Element Solutions by 5.1% in the second quarter. Versant Capital Management Inc now owns 9,013 shares of the company’s stock worth $430,000 after acquiring an additional 436 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in Element Solutions by 151.0% in the first quarter. Assetmark Inc. now owns 778 shares of the company’s stock valued at $27,000 after acquiring an additional 468 shares during the period. 92.32% of the stock is owned by institutional investors and hedge funds.

About Element Solutions

Element Solutions Inc (NYSE: ESI) is a specialty chemicals company that develops and manufactures products used in electronics, industrial processes, and other specialized applications. Its materials and process solutions are designed to improve manufacturing performance, product reliability, and surface protection across a range of end markets.

The company’s Electronics segment supplies chemicals, materials, and equipment used in printed circuit board fabrication, semiconductor packaging, and other electronic component manufacturing.