Element Solutions (NYSE:ESI) Price Target Raised to $44.00

Element Solutions (NYSE:ESI) had its price target upped by Mizuho from $42.00 to $44.00 in a research report report published on Thursday, MarketBeat.com reports. Mizuho currently has a neutral rating on the stock.

A number of other research analysts have also recently weighed in on ESI. The Goldman Sachs Group began coverage on shares of Element Solutions in a research note on Friday, September 11th. They set a “buy” rating and a $44.00 target price on the stock. Barclays initiated coverage on Element Solutions in a research note on Monday, October 12th. They issued an “overweight” rating and a $53.00 price target for the company. Jefferies Financial Group started coverage on Element Solutions in a report on Wednesday, September 2nd. They set a “buy” rating and a $55.00 price target on the stock. Wolfe Research set a $47.00 price target on Element Solutions in a report on Wednesday, July 29th. Finally, Truist Financial boosted their price objective on Element Solutions from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Three research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $46.36.

Element Solutions Price Performance

Shares of NYSE:ESI opened at $33.15 on Thursday. The company has a market capitalization of $8.08 billion, a P/E ratio of 39.00, a P/E/G ratio of 1.23 and a beta of 1.26. Element Solutions has a 1-year low of $22.86 and a 1-year high of $49.25. The firm’s 50 day simple moving average is $35.42 and its two-hundred day simple moving average is $38.87. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.78 and a quick ratio of 2.11.

Element Solutions (NYSE:ESI) last announced its quarterly earnings data on Wednesday, October 21st. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $995.30 million during the quarter, compared to analysts’ expectations of $964.23 million. Element Solutions had a net margin of 5.87% and a return on equity of 15.45%. The company’s revenue for the quarter was up 51.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 earnings per share. Research analysts expect that Element Solutions will post 1.85 EPS for the current fiscal year.

Element Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, September 1st. Element Solutions’s dividend payout ratio (DPR) is 37.65%.

Hedge Funds Weigh In On Element Solutions

Several hedge funds have recently modified their holdings of the stock. Signaturefd LLC boosted its position in shares of Element Solutions by 103.9% during the third quarter. Signaturefd LLC now owns 6,207 shares of the company’s stock worth $225,000 after acquiring an additional 3,163 shares during the last quarter. Citizens Financial Group Inc. RI grew its stake in Element Solutions by 248.6% during the third quarter. Citizens Financial Group Inc. RI now owns 17,795 shares of the company’s stock valued at $646,000 after acquiring an additional 12,691 shares in the last quarter. Iridian Asset Management LLC CT increased its holdings in Element Solutions by 21.3% in the 3rd quarter. Iridian Asset Management LLC CT now owns 224,053 shares of the company’s stock valued at $8,129,000 after acquiring an additional 39,351 shares during the last quarter. Inspire Investing LLC bought a new stake in Element Solutions in the 3rd quarter valued at $846,000. Finally, MBL Wealth LLC bought a new stake in Element Solutions in the 3rd quarter valued at $255,000. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Element Solutions News Roundup

Here are the key news stories impacting Element Solutions this week:

• Positive Sentiment: Q3 results exceeded expectations. Element Solutions reported adjusted earnings of $0.50 per share versus the $0.48 consensus estimate, while revenue reached $995.3 million, ahead of the $964.2 million forecast. EPS increased from $0.41 a year earlier and revenue rose 51.7% year over year. Element Solutions Reports Third-Quarter Results
• Positive Sentiment: Electronics remained a major growth driver. Reports highlighted a 68% increase in Electronics sales, helping produce record quarterly results and reinforcing the company’s exposure to stronger end markets. Element Solutions Q3 Earnings
• Positive Sentiment: Mizuho raised its price target. Mizuho increased its target from $42 to $44, implying substantial potential upside from recent trading levels, although it retained a Neutral rating. Mizuho Analyst Ratings
• Neutral Sentiment: Analysts continue to debate the valuation. Post-earnings coverage describes ESI as potentially undervalued, but the Neutral rating and the stock’s elevated earnings multiple indicate that investors may require additional evidence of sustained growth before assigning a higher valuation. Element Solutions After Q3 Results
• Negative Sentiment: Strong results did not fully resolve forward concerns. Coverage points to weak broader chemical demand, margin pressure from higher input costs and the need for continued cost reductions and expansion initiatives. These concerns appear to be outweighing the earnings and revenue beats in the near term. Chemical Specialty Stocks Industry Outlook

Element Solutions Company Profile

Element Solutions Inc (NYSE: ESI) is a specialty chemicals company that develops and produces materials used in electronics manufacturing and a range of industrial applications. Its products are designed to support processes such as printed circuit board fabrication, semiconductor packaging, electronic assembly, metal finishing, and surface treatment.

Through its electronics-focused businesses, including MacDermid Alpha Solutions, the company supplies solder materials, electronic assembly chemicals, circuit board materials, and semiconductor packaging solutions.