Analysts Set Element Solutions Inc. (NYSE:ESI) Price Target at $35.75

Shares of Element Solutions Inc. (NYSE:ESI) have been assigned a consensus rating of “Buy” from the eleven brokerages that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $35.75.

ESI has been the topic of a number of research analyst reports. Truist Financial lifted their price target on Element Solutions from $33.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Weiss Ratings restated a “hold (c+)” rating on shares of Element Solutions in a research report on Wednesday, January 21st. Mizuho lifted their target price on Element Solutions from $29.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. The Goldman Sachs Group reissued a “neutral” rating and issued a $37.00 price target on shares of Element Solutions in a research report on Monday, February 23rd. Finally, KeyCorp raised their price target on shares of Element Solutions from $34.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th.

Insiders Place Their Bets

In other Element Solutions news, insider Matthew Liebowitz sold 37,000 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $26.60, for a total value of $984,200.00. Following the transaction, the insider directly owned 117,393 shares of the company’s stock, valued at $3,122,653.80. This represents a 23.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director E Stanley Oneal sold 143,564 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $35.52, for a total value of $5,099,393.28. Following the sale, the director directly owned 147,832 shares of the company’s stock, valued at $5,250,992.64. This trade represents a 49.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 6.90% of the company’s stock.

Hedge Funds Weigh In On Element Solutions

A number of hedge funds have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC bought a new stake in Element Solutions in the fourth quarter worth approximately $28,000. Farther Finance Advisors LLC lifted its stake in shares of Element Solutions by 154.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,116 shares of the company’s stock valued at $28,000 after purchasing an additional 678 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Element Solutions in the 2nd quarter valued at $26,000. First Horizon Advisors Inc. boosted its holdings in Element Solutions by 710.1% in the second quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock worth $29,000 after purchasing an additional 1,129 shares in the last quarter. Finally, Community Bank N.A. acquired a new position in Element Solutions during the third quarter worth $33,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Stock Down 1.8%

ESI stock opened at $35.07 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.68 and a quick ratio of 3.00. The firm has a market capitalization of $8.54 billion, a P/E ratio of 44.39, a P/E/G ratio of 1.60 and a beta of 1.28. Element Solutions has a 52-week low of $16.77 and a 52-week high of $37.74. The company’s 50 day simple moving average is $29.68 and its 200-day simple moving average is $27.22.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Tuesday, February 17th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. Element Solutions had a net margin of 7.48% and a return on equity of 13.79%. The firm had revenue of $676.20 million for the quarter, compared to analysts’ expectations of $632.40 million. During the same period in the previous year, the company posted $0.35 EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Element Solutions will post 1.45 EPS for the current year.

Element Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.9%. Element Solutions’s dividend payout ratio (DPR) is 40.51%.

Element Solutions Company Profile

Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.