Element Solutions Inc. (NYSE:ESI) Receives Consensus Recommendation of “Buy” from Brokerages

Element Solutions Inc. (NYSE:ESIGet Free Report) has been assigned a consensus rating of “Buy” from the eleven research firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and three have assigned a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $42.2857.

Several analysts have weighed in on the stock. Truist Financial upped their price objective on shares of Element Solutions from $38.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Mizuho boosted their target price on Element Solutions from $47.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday. Seaport Research Partners restated a “buy” rating and set a $49.00 price target on shares of Element Solutions in a research report on Tuesday, May 5th. UBS Group raised their price target on Element Solutions to $52.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Element Solutions in a report on Tuesday, May 19th.

Check Out Our Latest Report on Element Solutions

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Assetmark Inc. grew its holdings in Element Solutions by 151.0% during the 1st quarter. Assetmark Inc. now owns 778 shares of the company’s stock worth $27,000 after acquiring an additional 468 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Element Solutions in the fourth quarter worth about $28,000. NewEdge Advisors LLC raised 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 acquiring an additional 346 shares during the last quarter. Community Bank N.A. acquired a new position in shares of Element Solutions during the third quarter worth approximately $33,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Element Solutions during the third quarter worth approximately $41,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Stock Up 0.2%

Shares of NYSE ESI opened at $43.71 on Monday. The stock has a market cap of $10.65 billion, a PE ratio of 70.51, a PEG ratio of 1.52 and a beta of 1.23. The business has a fifty day moving average of $43.08 and a two-hundred day moving average of $35.47. Element Solutions has a 52-week low of $22.63 and a 52-week high of $49.25. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.91 and a current ratio of 2.68.

Element Solutions (NYSE:ESIGet Free Report) last posted its earnings results on Tuesday, April 28th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.03. The business 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 quarterly revenue was up 41.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.34 EPS. As a group, equities research analysts expect that Element Solutions will post 1.78 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The firm 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. 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 dividend payout ratio (DPR) is 51.61%.

Element Solutions Company Profile

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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.

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Analyst Recommendations for Element Solutions (NYSE:ESI)

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