Element Solutions Inc (NYSE:ESI) Receives Consensus Rating of “Buy” from Analysts

Shares of Element Solutions Inc (NYSE:ESI) have earned an average rating of “Buy” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $31.00.

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

Element Solutions Price Performance

NYSE:ESI opened at $28.68 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.77 and a current ratio of 3.52. The company has a 50-day moving average of $27.13 and a 200-day moving average of $26.27. Element Solutions has a 52 week low of $20.31 and a 52 week high of $29.78. The company has a market capitalization of $6.95 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 1.57 and a beta of 1.29.

Element Solutions (NYSE:ESI) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. Element Solutions had a net margin of 11.08% and a return on equity of 14.42%. The firm had revenue of $645.00 million during the quarter, compared to analysts’ expectations of $626.52 million. During the same quarter last year, the company earned $0.36 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Element Solutions will post 1.44 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Monday, December 2nd. Element Solutions’s payout ratio is presently 28.83%.

Hedge Funds Weigh In On Element Solutions

A number of large investors have recently modified their holdings of the stock. True Wealth Design LLC bought a new position in Element Solutions in the 3rd quarter worth approximately $25,000. Quarry LP acquired a new position in shares of Element Solutions during the second quarter valued at $31,000. EverSource Wealth Advisors LLC lifted its stake in shares of Element Solutions by 39.4% during the second quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock valued at $82,000 after acquiring an additional 864 shares during the period. Quest Partners LLC boosted its holdings in Element Solutions by 14,600.0% in the second quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock valued at $88,000 after acquiring an additional 3,212 shares during the last quarter. Finally, Signaturefd LLC increased its position in Element Solutions by 13.8% in the second quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock worth $100,000 after purchasing an additional 448 shares during the period. 92.32% of the stock is currently owned by institutional investors and hedge funds.

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.