Element Solutions (NYSE:ESI) Lifted to Buy at StockNews.com

StockNews.com upgraded shares of Element Solutions (NYSE:ESI) from a hold rating to a buy rating in a report issued on Saturday morning.

Several other equities research analysts also recently issued reports on ESI. The Goldman Sachs Group upped their price target on Element Solutions from $26.00 to $29.00 and gave the stock a neutral rating in a report on Thursday, June 27th. Mizuho upped their price objective on Element Solutions from $28.00 to $29.00 and gave the company a buy rating in a research note on Wednesday, June 12th. UBS Group upped their price objective on Element Solutions from $30.00 to $33.00 and gave the company a buy rating in a research note on Monday, June 24th. Finally, BMO Capital Markets restated an outperform rating and issued a $30.00 price objective (up previously from $28.00) on shares of Element Solutions in a research note on Wednesday, June 12th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $29.40.

Element Solutions Trading Down 0.8 %

NYSE ESI opened at $25.69 on Friday. The company has a market cap of $6.22 billion, a price-to-earnings ratio of 47.57, a P/E/G ratio of 1.35 and a beta of 1.29. Element Solutions has a 52 week low of $17.57 and a 52 week high of $28.68. The business has a 50 day moving average price of $26.10 and a 200-day moving average price of $25.23. The company has a quick ratio of 2.60, a current ratio of 3.50 and a debt-to-equity ratio of 0.80.

Element Solutions (NYSE:ESI) last announced its quarterly earnings results on Monday, July 29th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 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 $613.00 million during the quarter, compared to the consensus estimate of $606.95 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. Element Solutions’s revenue was up 4.6% compared to the same quarter last year. As a group, equities analysts expect that Element Solutions will post 1.45 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given 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 1.25%. Element Solutions’s dividend payout ratio is presently 59.26%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ESI. Richardson Financial Services Inc. purchased a new position in shares of Element Solutions during the 4th quarter valued at $27,000. Quarry LP purchased a new position in shares of Element Solutions during the 2nd quarter valued at $31,000. EverSource Wealth Advisors LLC lifted its holdings in Element Solutions by 51.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,002 shares of the company’s stock worth $46,000 after purchasing an additional 684 shares in the last quarter. Assetmark Inc. lifted its holdings in Element Solutions by 1,585.0% during the 4th quarter. Assetmark Inc. now owns 2,022 shares of the company’s stock worth $47,000 after purchasing an additional 1,902 shares in the last quarter. Finally, LRI Investments LLC purchased a new stake in Element Solutions during the 1st quarter worth about $78,000. Hedge funds and other institutional investors own 92.32% of the company’s stock.

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.