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

Element Solutions Inc. (NYSE:ESI) has been assigned an average recommendation of “Buy” from the eleven analysts that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $39.5714.

Several analysts have weighed in on the stock. Freedom Capital upgraded shares of Element Solutions to a “strong-buy” rating in a research note on Friday, March 27th. BMO Capital Markets reiterated an “outperform” rating on shares of Element Solutions in a research note on Wednesday, May 20th. Seaport Research Partners reiterated a “buy” rating and issued a $49.00 price objective on shares of Element Solutions in a research note on Tuesday, May 5th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $37.00 price objective on shares of Element Solutions in a research note on Monday, February 23rd. Finally, Mizuho boosted their target price on shares of Element Solutions from $29.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th.

Element Solutions Price Performance

Shares of Element Solutions stock opened at $39.54 on Thursday. Element Solutions has a twelve month low of $20.95 and a twelve month high of $45.51. The company has a quick ratio of 1.91, a current ratio of 2.68 and a debt-to-equity ratio of 0.75. The company has a 50-day simple moving average of $40.01 and a two-hundred day simple moving average of $33.20. The stock has a market capitalization of $9.63 billion, a price-to-earnings ratio of 63.78, a price-to-earnings-growth ratio of 1.44 and a beta of 1.25.

Element Solutions (NYSE:ESI) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.03. Element Solutions had a net margin of 5.32% and a return on equity of 14.19%. The business had revenue of $840.00 million during the quarter, compared to analysts’ expectations of $710.51 million. During the same quarter in the previous year, the company earned $0.34 EPS. The business’s revenue was up 41.5% on a year-over-year basis. Analysts forecast that Element Solutions will post 1.78 EPS for the current year.

Element Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a $0.08 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.8%. Element Solutions’s payout ratio is presently 51.61%.

Hedge Funds Weigh In On Element Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in ESI. Invesco Ltd. raised its position in shares of Element Solutions by 43.6% in the 4th quarter. Invesco Ltd. now owns 7,069,238 shares of the company’s stock valued at $176,660,000 after buying an additional 2,146,512 shares in the last quarter. Scopus Asset Management L.P. raised its position in shares of Element Solutions by 134.6% in the 2nd quarter. Scopus Asset Management L.P. now owns 3,426,156 shares of the company’s stock valued at $77,602,000 after buying an additional 1,965,691 shares in the last quarter. Jain Global LLC raised its position in shares of Element Solutions by 253.3% in the 4th quarter. Jain Global LLC now owns 2,127,297 shares of the company’s stock valued at $53,161,000 after buying an additional 1,525,195 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Element Solutions by 4,492.3% in the 4th quarter. Victory Capital Management Inc. now owns 1,545,075 shares of the company’s stock valued at $38,611,000 after buying an additional 1,511,430 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its position in shares of Element Solutions by 13.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 11,119,999 shares of the company’s stock valued at $277,889,000 after buying an additional 1,298,273 shares in the last quarter. 92.32% of the stock is currently owned by institutional investors and hedge funds.

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.