Element Solutions Inc (NYSE:ESI) Receives $29.40 Average Price Target from Brokerages

Element Solutions Inc (NYSE:ESI) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $29.40.

A number of equities analysts have recently issued reports on ESI shares. BMO Capital Markets reiterated an “outperform” rating and issued a $30.00 price target (up previously from $28.00) on shares of Element Solutions in a report on Wednesday, June 12th. StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a report on Thursday, June 20th. Mizuho increased their price target on shares of Element Solutions from $28.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. The Goldman Sachs Group increased their price target on shares of Element Solutions from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, June 27th. Finally, UBS Group increased their price target on shares of Element Solutions from $30.00 to $33.00 and gave the company a “buy” rating in a report on Monday, June 24th.

Institutional Investors Weigh In On Element Solutions

Hedge funds have recently modified their holdings of the company. Richardson Financial Services Inc. acquired a new stake in shares of Element Solutions during the 4th quarter worth about $27,000. SRS Capital Advisors Inc. boosted its position in shares of Element Solutions by 370.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,623 shares of the company’s stock worth $38,000 after acquiring an additional 1,278 shares during the last quarter. CWM LLC boosted its position in shares of Element Solutions by 95.9% in the fourth quarter. CWM LLC now owns 1,810 shares of the company’s stock worth $42,000 after acquiring an additional 886 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Element Solutions by 51.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,002 shares of the company’s stock worth $46,000 after acquiring an additional 684 shares during the last quarter. Finally, Assetmark Inc. boosted its position in shares of Element Solutions by 1,585.0% in the fourth quarter. Assetmark Inc. now owns 2,022 shares of the company’s stock worth $47,000 after acquiring an additional 1,902 shares during the last quarter. 92.32% of the stock is owned by institutional investors and hedge funds.

Element Solutions Stock Up 1.1 %

Shares of Element Solutions stock opened at $27.38 on Thursday. The company has a market cap of $6.63 billion, a P/E ratio of 50.70, a PEG ratio of 1.32 and a beta of 1.31. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.69 and a current ratio of 3.63. Element Solutions has a one year low of $17.57 and a one year high of $27.86. The firm has a fifty day moving average of $25.04 and a two-hundred day moving average of $24.07.

Element Solutions (NYSE:ESI) last announced its quarterly earnings data on Monday, April 29th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $575.00 million during the quarter, compared to the consensus estimate of $588.17 million. Element Solutions had a net margin of 5.62% and a return on equity of 13.96%. Element Solutions’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 EPS. On average, analysts forecast that Element Solutions will post 1.43 earnings per share for the current year.

Element Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.32 dividend on an annualized basis and a yield of 1.17%. Element Solutions’s payout ratio is 59.26%.

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.