Barclays Forecasts Strong Price Appreciation for Element Solutions (NYSE:ESI) Stock

Element Solutions (NYSE:ESI) had its target price lifted by Barclays from $30.00 to $32.00 in a report issued on Wednesday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

ESI has been the topic of several other research reports. StockNews.com cut Element Solutions from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Wolfe Research upgraded Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th. BMO Capital Markets raised their price target on Element Solutions from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Seaport Res Ptn upgraded Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $31.00.

Element Solutions Price Performance

Shares of ESI stock opened at $27.20 on Wednesday. The stock’s fifty day moving average is $26.07 and its 200-day moving average is $25.62. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.60 and a current ratio of 3.52. The stock has a market capitalization of $6.59 billion, a PE ratio of 24.50, a PEG ratio of 1.50 and a beta of 1.29. Element Solutions has a 52 week low of $18.19 and a 52 week high of $28.68.

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

Element Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.18%. The ex-dividend date was Friday, August 30th. Element Solutions’s payout ratio is 28.83%.

Institutional Investors Weigh In On Element Solutions

A number of hedge funds have recently modified their holdings of ESI. Quarry LP acquired a new stake in shares of Element Solutions during the second quarter worth about $31,000. LRI Investments LLC acquired a new stake in shares of Element Solutions during the first quarter worth about $78,000. EverSource Wealth Advisors LLC raised its position in shares of Element Solutions by 39.4% during the second quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock worth $82,000 after purchasing an additional 864 shares during the period. Quest Partners LLC raised its position in shares of Element Solutions by 14,600.0% during the second quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock worth $88,000 after purchasing an additional 3,212 shares during the period. Finally, Signaturefd LLC raised its position in shares of Element Solutions by 13.8% during the second quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock worth $100,000 after purchasing an additional 448 shares during the period. Institutional investors and hedge funds 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.