Element Solutions Inc (NYSE:ESI) Receives Average Rating of “Buy” from Analysts

Element Solutions Inc (NYSE:ESI) has been assigned a consensus rating of “Buy” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $31.40.

Several analysts have weighed in on the stock. BMO Capital Markets boosted their target price on shares of Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Seaport Res Ptn raised shares of Element Solutions to a “strong-buy” rating in a research report on Monday, October 14th. Barclays raised their target price on shares of Element Solutions from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. StockNews.com raised Element Solutions from a “hold” rating to a “buy” rating in a report on Wednesday, December 25th. Finally, Wolfe Research raised Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in shares of Element Solutions by 549.2% during 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. Synovus Financial Corp raised its position in shares of Element Solutions by 7.7% during the 3rd quarter. Synovus Financial Corp now owns 45,286 shares of the company’s stock worth $1,230,000 after buying an additional 3,224 shares in the last quarter. Tidal Investments LLC lifted its stake in shares of Element Solutions by 10.7% in the 3rd quarter. Tidal Investments LLC now owns 51,324 shares of the company’s stock worth $1,394,000 after acquiring an additional 4,971 shares during the period. World Investment Advisors LLC bought a new position in shares of Element Solutions in the third quarter valued at approximately $3,676,000. Finally, Geode Capital Management LLC increased its stake in shares of Element Solutions by 0.5% during the third quarter. Geode Capital Management LLC now owns 3,541,513 shares of the company’s stock valued at $96,216,000 after acquiring an additional 18,791 shares during the period. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Stock Performance

Shares of ESI stock opened at $25.43 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.77 and a current ratio of 3.52. The stock has a market capitalization of $6.16 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 1.51 and a beta of 1.28. Element Solutions has a one year low of $21.42 and a one year high of $29.78. The company’s 50-day simple moving average is $27.41 and its 200-day simple moving average is $26.65.

Element Solutions (NYSE:ESI) last released its earnings results on Monday, October 28th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $645.00 million for the quarter, compared to the consensus estimate of $626.52 million. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. Element Solutions’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.36 EPS. Equities analysts anticipate that Element Solutions will post 1.44 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Monday, December 2nd. Element Solutions’s dividend payout ratio (DPR) is 28.83%.

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.