Barclays Issues Positive Forecast for Element Solutions (NYSE:ESI) Stock Price

Element Solutions (NYSE:ESI) had its price objective boosted by Barclays from $30.00 to $32.00 in a research note published on Wednesday morning, Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts also recently issued research reports about the company. StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Seaport Res Ptn raised Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. Wolfe Research raised Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th. Finally, BMO Capital Markets raised their price target on Element Solutions from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $31.00.

Element Solutions Stock Down 0.5 %

ESI stock opened at $27.56 on Wednesday. The stock’s fifty day simple moving average is $25.98 and its two-hundred day simple moving average is $25.57. The company has a current ratio of 3.50, a quick ratio of 2.60 and a debt-to-equity ratio of 0.80. Element Solutions has a 1-year low of $17.76 and a 1-year high of $28.68. The stock has a market cap of $6.67 billion, a P/E ratio of 51.04, a P/E/G ratio of 1.53 and a beta of 1.29.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 8.24%. The business had revenue of $645.00 million for the quarter, compared to analysts’ expectations of $626.52 million. During the same quarter in the previous year, the firm earned $0.36 earnings per share. The business’s revenue was up 7.6% on a year-over-year basis. Analysts expect that Element Solutions will post 1.43 EPS for the current year.

Element Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, August 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.16%. Element Solutions’s dividend payout ratio is 59.26%.

Hedge Funds Weigh In On Element Solutions

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP bought a new position in Element Solutions during the 2nd quarter worth approximately $31,000. EverSource Wealth Advisors LLC grew its position in Element Solutions by 39.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock worth $82,000 after acquiring an additional 864 shares during the last quarter. Quest Partners LLC grew its position in Element Solutions by 14,600.0% during the 2nd quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock worth $88,000 after acquiring an additional 3,212 shares during the last quarter. LRI Investments LLC bought a new position in Element Solutions during the 1st quarter worth approximately $78,000. Finally, Signaturefd LLC grew its position in Element Solutions by 13.8% during the 2nd quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock worth $100,000 after acquiring an additional 448 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors.

About Element Solutions

Element Solutions Inc operates as a specialty chemicals company in the United States, China, and internationally. The company operates in two segments, Electronics, and Industrial & Specialty. The Electronics segment researches, formulates, and sells specialty chemicals and materials for various types of electronics hardware products.