Element Solutions (NYSE:ESI) Given New $50.00 Price Target at BMO Capital Markets

Element Solutions (NYSE:ESI) had its price objective increased by BMO Capital Markets from $45.00 to $50.00 in a research note released on Monday, Marketbeat reports. They currently have an outperform rating on the stock.

ESI has been the topic of several other research reports. Wall Street Zen raised Element Solutions from a “hold” rating to a “buy” rating in a research report on Monday, April 20th. Seaport Research Partners restated a “buy” rating and set a $49.00 price objective on shares of Element Solutions in a report on Tuesday, May 5th. Weiss Ratings restated a “hold (c)” rating on shares of Element Solutions in a research report on Tuesday, May 19th. Mizuho raised their price objective on shares of Element Solutions from $47.00 to $54.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Finally, UBS Group upped their target price on shares of Element Solutions to $52.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Three investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Element Solutions presently has an average rating of “Buy” and an average price target of $44.14.

Element Solutions Trading Down 4.1%

NYSE:ESI opened at $40.60 on Monday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.68 and a quick ratio of 1.91. The firm has a 50-day moving average of $43.16 and a 200-day moving average of $35.66. The company has a market cap of $9.89 billion, a PE ratio of 65.81, a PEG ratio of 1.52 and a beta of 1.23. Element Solutions has a one year low of $22.63 and a one year high of $49.25.

Element Solutions (NYSE:ESI) last posted its earnings results on Tuesday, April 28th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. The company had revenue of $840.00 million for the quarter, compared to analyst estimates of $710.51 million. Element Solutions had a net margin of 5.32% and a return on equity of 14.19%. The firm’s revenue was up 41.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.34 EPS. As a group, equities research analysts expect that Element Solutions will post 1.78 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, June 1st. Element Solutions’s payout ratio is 51.61%.

Hedge Funds Weigh In On Element Solutions

Several institutional investors and hedge funds have recently bought and sold shares of ESI. Assetmark Inc. boosted its stake in shares of Element Solutions by 151.0% during the first quarter. Assetmark Inc. now owns 778 shares of the company’s stock valued at $27,000 after purchasing an additional 468 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Element Solutions during the fourth quarter worth about $28,000. NewEdge Advisors LLC grew its stake in shares of 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 purchasing an additional 346 shares during the last quarter. Community Bank N.A. purchased a new position in Element Solutions during the 3rd quarter valued at about $33,000. Finally, Johnson Financial Group Inc. purchased a new position in Element Solutions during the 3rd quarter valued at about $47,000. 92.32% of the stock is currently owned by institutional investors.

Key Stories Impacting Element Solutions

Here are the key news stories impacting Element Solutions this week:

• Positive Sentiment: The acquisition could unlock a higher valuation for ESI as Solstice pays cash and stock for the business, and the combination targets growth in electronics, semiconductor, and AI infrastructure markets. Article: Honeywell spinoff Solstice to buy Element Solutions for $14.5 billion
• Positive Sentiment: BMO Capital Markets raised its price target on Element Solutions to $50 from $45, reinforcing a constructive view on the stock. Article: Element Solutions had its price target raised by BMO Capital Markets
• Neutral Sentiment: Multiple investor-rights law firms announced investigations into whether ESI shareholders are receiving a fair price, which may add headlines but does not yet change the deal terms. Article: ESI Stock Alert: Halper Sadeh LLC is Investigating Whether Element Solutions Inc is Obtaining a Fair Price for its Shareholders
• Neutral Sentiment: Reports that Solstice shares dropped sharply after the announcement suggest some investor skepticism about the acquirer’s valuation and financing, but the impact on ESI is indirect. Article: Solstice Advanced Materials to acquire Element Solutions in $14.5B cash-and-stock deal
• Negative Sentiment: Ongoing legal challenges and fairness reviews could slow the transaction or pressure negotiations if shareholder opposition builds. Article: Shareholder Alert: Ademi LLP investigates whether Element Solutions is obtaining a Fair Price for Public Shareholders

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.