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

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

ESI has been the topic of a number of recent research reports. Seaport Research Partners reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Element Solutions in a research note on Tuesday, May 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Element Solutions in a research report on Tuesday, May 19th. Wall Street Zen upgraded shares of Element Solutions from a “hold” rating to a “buy” rating in a report on Monday, April 20th. Mizuho lifted their price target on shares of Element Solutions from $29.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Finally, KeyCorp boosted their price objective on shares of Element Solutions from $34.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th.

Element Solutions Price Performance

ESI opened at $42.47 on Thursday. Element Solutions has a one year low of $20.95 and a one year high of $45.51. 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 company’s 50 day simple moving average is $39.33 and its 200-day simple moving average is $32.63. The stock has a market capitalization of $10.35 billion, a P/E ratio of 68.50, a price-to-earnings-growth ratio of 1.49 and a beta of 1.25.

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

Element Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, June 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.8%. Element Solutions’s payout ratio is currently 51.61%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Assetmark Inc. grew its stake in Element Solutions by 151.0% in the 1st quarter. Assetmark Inc. now owns 778 shares of the company’s stock valued at $27,000 after buying an additional 468 shares during the last quarter. NewEdge Advisors LLC grew its stake in Element Solutions by 57.4% in the 1st quarter. NewEdge Advisors LLC now owns 949 shares of the company’s stock valued at $32,000 after buying an additional 346 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Element Solutions in the 4th quarter valued at about $28,000. Community Bank N.A. bought a new stake in Element Solutions in the 3rd quarter valued at about $33,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in Element Solutions in the 3rd quarter valued at about $41,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

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.