Element Solutions (NYSE:ESI) Stock Price Breaks Above Fifty Day Moving Average – Time to Sell?

Element Solutions Inc. (NYSE:ESI – Get Free Report) shares crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $35.25 and traded as high as $35.82. Element Solutions shares last traded at $35.7640, with a volume of 3,106,837 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ESI shares. BMO Capital Markets reiterated an “outperform” rating and issued a $45.00 price target on shares of Element Solutions in a research note on Monday, September 21st. William Blair set a $48.00 target price on Element Solutions in a research report on Friday, August 28th. The Goldman Sachs Group began coverage on Element Solutions in a research report on Friday, September 11th. They set a “buy” rating and a $44.00 target price for the company. UBS Group raised their price target on Element Solutions from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, October 5th. Finally, Barclays decreased their price target on Element Solutions from $53.00 to $51.00 and set an “overweight” rating on the stock in a research report on Friday, October 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $46.36.

Read Our Latest Analysis on ESI

Element Solutions Price Performance

The company has a current ratio of 2.78, a quick ratio of 2.06 and a debt-to-equity ratio of 0.71. The firm has a market cap of $8.68 billion, a price-to-earnings ratio of 42.08, a price-to-earnings-growth ratio of 1.20 and a beta of 1.26. The company’s 50-day moving average is $35.25 and its 200-day moving average is $36.71.

Element Solutions (NYSE:ESI – Get Free Report) last announced its quarterly earnings data on Wednesday, October 21st. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Element Solutions had a net margin of 5.87% and a return on equity of 15.45%. The business had revenue of $995.30 million for the quarter, compared to analysts’ expectations of $964.23 million. During the same period last year, the firm posted $0.41 earnings per share. The firm’s quarterly revenue was up 51.7% compared to the same quarter last year. Equities research analysts predict that Element Solutions Inc. will post 1.85 earnings per share for the current year.

Element Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, September 1st. Element Solutions’s dividend payout ratio (DPR) is currently 37.65%.

Hedge Funds Weigh In On Element Solutions

A number of institutional investors have recently modified their holdings of ESI. Summit Global Investments acquired a new position in Element Solutions during the 3rd quarter worth approximately $618,000. North Dakota State Investment Board boosted its position in Element Solutions by 4.4% in the third quarter. North Dakota State Investment Board now owns 6,990 shares of the company’s stock valued at $254,000 after buying an additional 293 shares in the last quarter. Arnhold LLC acquired a new stake in Element Solutions in the third quarter valued at approximately $17,484,000. Signaturefd LLC boosted its position in Element Solutions by 103.9% in the third quarter. Signaturefd LLC now owns 6,207 shares of the company’s stock valued at $225,000 after buying an additional 3,163 shares in the last quarter. Finally, Citizens Financial Group Inc. RI grew its stake in shares of Element Solutions by 248.6% during the third quarter. Citizens Financial Group Inc. RI now owns 17,795 shares of the company’s stock worth $646,000 after buying an additional 12,691 shares during the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Company Profile

(Get Free Report)

Element Solutions Inc (NYSE: ESI) is a specialty chemicals company that develops and produces materials used in electronics manufacturing and a range of industrial applications. Its products are designed to support processes such as printed circuit board fabrication, semiconductor packaging, electronic assembly, metal finishing, and surface treatment.

Through its electronics-focused businesses, including MacDermid Alpha Solutions, the company supplies solder materials, electronic assembly chemicals, circuit board materials, and semiconductor packaging solutions.

Further Reading

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