Element Solutions Inc. (NYSE:ESI) Given Consensus Rating of “Buy” by Brokerages

Shares of Element Solutions Inc. (NYSE:ESI) have been assigned an average recommendation of “Buy” from the eleven brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating, six have issued a buy rating and three have assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $39.5714.

A number of research firms have recently issued reports on ESI. Freedom Capital raised shares of Element Solutions to a “strong-buy” rating in a research note on Friday, March 27th. BMO Capital Markets reissued an “outperform” rating on shares of Element Solutions in a research note on Wednesday, May 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Element Solutions in a research note on Tuesday, May 19th. Truist Financial lifted their target price on Element Solutions from $38.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Wall Street Zen raised Element Solutions from a “hold” rating to a “buy” rating in a research report on Monday, April 20th.

Institutional Investors Weigh In On Element Solutions

Several large investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its stake in Element Solutions by 16.4% during the 4th quarter. Parallel Advisors LLC now owns 2,455 shares of the company’s stock worth $61,000 after buying an additional 345 shares during the period. NewEdge Advisors LLC increased its stake in Element Solutions by 57.4% during the 1st quarter. NewEdge Advisors LLC now owns 949 shares of the company’s stock worth $32,000 after buying an additional 346 shares during the period. MML Investors Services LLC increased its stake in Element Solutions by 0.3% during the 4th quarter. MML Investors Services LLC now owns 125,877 shares of the company’s stock worth $3,146,000 after buying an additional 355 shares during the period. EverSource Wealth Advisors LLC increased its stake in Element Solutions by 3.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 10,450 shares of the company’s stock worth $357,000 after buying an additional 385 shares during the period. Finally, Quarry LP increased its stake in Element Solutions by 27.3% during the 3rd quarter. Quarry LP now owns 2,011 shares of the company’s stock worth $51,000 after buying an additional 431 shares during the period. 92.32% of the stock is owned by hedge funds and other institutional investors.

Element Solutions Price Performance

Shares of ESI opened at $45.74 on Monday. The firm has a 50-day simple moving average of $42.36 and a two-hundred day simple moving average of $34.88. The stock has a market cap of $11.14 billion, a PE ratio of 73.78, a P/E/G ratio of 1.59 and a beta of 1.25. Element Solutions has a 1-year low of $22.44 and a 1-year high of $49.25. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.68 and a quick ratio of 1.91.

Element Solutions (NYSE:ESI) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. The business had revenue of $840.00 million for the quarter, compared to the consensus estimate of $710.51 million. Element Solutions had a net margin of 5.32% and a return on equity of 14.19%. The business’s revenue was up 41.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 EPS. As a group, analysts forecast that Element Solutions will post 1.78 EPS for the current year.

Element Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.08 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.7%. Element Solutions’s payout ratio is 51.61%.

Element Solutions Company Profile

Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.