Element Solutions (NYSE:ESI) Upgraded at Barclays

Barclays upgraded shares of Element Solutions (NYSE:ESI – Free Report) to a strong-buy rating in a research note issued to investors on Monday,Zacks reports.

Several other equities research analysts have also recently commented on ESI. Truist Financial raised their target price on shares of Element Solutions from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. William Blair set a $48.00 target price on shares of Element Solutions in a research note on Friday, August 28th. Bank of America assumed coverage on shares of Element Solutions in a research report on Tuesday, September 1st. They set a “buy” rating and a $42.00 price target on the stock. Jefferies Financial Group initiated coverage on shares of Element Solutions in a research note on Wednesday, September 2nd. They issued a “buy” rating and a $55.00 price target for the company. Finally, Freedom Capital raised shares of Element Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 28th. Four equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $46.18.

Get Our Latest Report on ESI

Element Solutions Stock Performance

Shares of ESI stock opened at $35.84 on Monday. The stock has a fifty day moving average of $35.88 and a 200 day moving average of $38.85. Element Solutions has a 52 week low of $22.86 and a 52 week high of $49.25. The firm has a market capitalization of $8.73 billion, a price-to-earnings ratio of 48.43, a PEG ratio of 1.38 and a beta of 1.26. The company has a quick ratio of 2.11, a current ratio of 2.91 and a debt-to-equity ratio of 0.73.

Element Solutions (NYSE:ESI – Get Free Report) last released its quarterly earnings results on Monday, July 27th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.04. The business had revenue of $977.90 million for the quarter, compared to analysts’ expectations of $873.19 million. Element Solutions had a net margin of 5.67% and a return on equity of 14.88%. The firm’s revenue for the quarter was up 56.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.20 earnings per share. As a group, research analysts expect that Element Solutions will post 1.81 earnings per share for the current year.

Element Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a dividend of $0.08 per share. The ex-dividend date was Tuesday, September 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.9%. Element Solutions’s payout ratio is currently 43.24%.

Hedge Funds Weigh In On Element Solutions

A number of institutional investors have recently added to or reduced their stakes in the company. HB Wealth Management LLC increased its stake in shares of Element Solutions by 4.8% in the 2nd quarter. HB Wealth Management LLC now owns 6,295 shares of the company’s stock worth $301,000 after acquiring an additional 291 shares in the last quarter. NewEdge Advisors LLC lifted its position in Element Solutions by 57.4% during the 1st quarter. NewEdge Advisors LLC now owns 949 shares of the company’s stock valued at $32,000 after acquiring an additional 346 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Element Solutions by 3.8% during the first quarter. EverSource Wealth Advisors LLC now owns 10,450 shares of the company’s stock worth $357,000 after acquiring an additional 385 shares in the last quarter. Versant Capital Management Inc grew its holdings in Element Solutions by 5.1% in the second quarter. Versant Capital Management Inc now owns 9,013 shares of the company’s stock worth $430,000 after purchasing an additional 436 shares during the period. Finally, Assetmark Inc. grew its holdings in Element Solutions by 151.0% in the first quarter. Assetmark Inc. now owns 778 shares of the company’s stock worth $27,000 after purchasing an additional 468 shares during the period. Institutional investors own 92.32% of the company’s stock.

About Element Solutions

(Get Free Report)

Element Solutions Inc (NYSE: ESI) is a specialty chemicals company that develops and manufactures products used in electronics, industrial processes, and other specialized applications. Its materials and process solutions are designed to improve manufacturing performance, product reliability, and surface protection across a range of end markets.

The company’s Electronics segment supplies chemicals, materials, and equipment used in printed circuit board fabrication, semiconductor packaging, and other electronic component manufacturing.

Further Reading

Analyst Recommendations for Element Solutions (NYSE:ESI)

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