Element Solutions Inc (NYSE:ESI) Given Average Rating of “Buy” by Brokerages

Shares of Element Solutions Inc (NYSE:ESI) have been given a consensus recommendation of “Buy” by the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $31.00.

A number of research analysts have weighed in on ESI shares. StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. Seaport Res Ptn upgraded Element Solutions to a “strong-buy” rating in a research report on Monday, October 14th. Barclays boosted their price objective on Element Solutions from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. BMO Capital Markets increased their target price on Element Solutions from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Wolfe Research raised shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th.

Hedge Funds Weigh In On Element Solutions

Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in shares of Element Solutions during the 2nd quarter worth approximately $1,518,000. Cubist Systematic Strategies LLC purchased a new stake in Element Solutions in the 2nd quarter valued at $5,668,000. Blue Trust Inc. acquired a new stake in shares of Element Solutions in the 2nd quarter worth $613,000. Sequoia Financial Advisors LLC purchased a new position in shares of Element Solutions during the 3rd quarter worth $1,161,000. Finally, Cerity Partners LLC boosted its position in shares of Element Solutions by 40.4% during the 3rd quarter. Cerity Partners LLC now owns 172,000 shares of the company’s stock valued at $4,672,000 after acquiring an additional 49,466 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Element Solutions Price Performance

Shares of NYSE:ESI opened at $27.82 on Friday. Element Solutions has a twelve month low of $20.37 and a twelve month high of $29.78. The company has a current ratio of 3.52, a quick ratio of 2.77 and a debt-to-equity ratio of 0.78. The company has a market cap of $6.74 billion, a PE ratio of 25.06, a price-to-earnings-growth ratio of 1.54 and a beta of 1.28. The company’s 50 day moving average is $27.29 and its 200 day moving average is $26.41.

Element Solutions (NYSE:ESI) last issued its earnings results on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. The firm had revenue of $645.00 million during the quarter, compared to analysts’ expectations of $626.52 million. Element Solutions had a net margin of 11.08% and a return on equity of 14.42%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.36 earnings per share. On average, sell-side analysts forecast that Element Solutions will post 1.44 EPS for the current year.

Element Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Monday, December 2nd. Element Solutions’s dividend payout ratio (DPR) is 28.83%.

Element Solutions Company Profile

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.