Element Solutions Inc. (NYSE:ESI) Given Consensus Recommendation of “Buy” by Brokerages

Element Solutions Inc. (NYSE:ESI) has received an average rating of “Buy” from the eleven analysts that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $43.00.

A number of research firms have weighed in on ESI. UBS Group raised their price target on Element Solutions to $52.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. BMO Capital Markets upped their price objective on Element Solutions from $45.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, July 6th. Freedom Capital upgraded Element Solutions to a “strong-buy” rating in a report on Friday, March 27th. Seaport Research Partners reissued a “buy” rating and set a $49.00 target price on shares of Element Solutions in a research report on Tuesday, May 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Element Solutions in a research note on Tuesday, May 19th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Parallel Advisors LLC lifted its position in Element Solutions by 16.4% in the fourth quarter. Parallel Advisors LLC now owns 2,455 shares of the company’s stock valued at $61,000 after acquiring an additional 345 shares during the last quarter. NewEdge Advisors LLC boosted its stake in Element Solutions by 57.4% in the first quarter. NewEdge Advisors LLC now owns 949 shares of the company’s stock valued at $32,000 after acquiring an additional 346 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of Element Solutions by 0.3% during the fourth quarter. MML Investors Services LLC now owns 125,877 shares of the company’s stock worth $3,146,000 after purchasing an additional 355 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Element Solutions by 3.8% during the first quarter. EverSource Wealth Advisors LLC now owns 10,450 shares of the company’s stock worth $357,000 after purchasing an additional 385 shares during the last quarter. Finally, Quarry LP increased its position in shares of Element Solutions by 27.3% during the third quarter. Quarry LP now owns 2,011 shares of the company’s stock worth $51,000 after purchasing an additional 431 shares in the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Stock Down 0.0%

Shares of Element Solutions stock opened at $38.36 on Friday. The company has a quick ratio of 1.91, a current ratio of 2.68 and a debt-to-equity ratio of 0.75. Element Solutions has a 52-week low of $22.63 and a 52-week high of $49.25. The company has a market capitalization of $9.34 billion, a P/E ratio of 61.87, a P/E/G ratio of 1.33 and a beta of 1.23. The company has a 50 day moving average of $42.14 and a 200 day moving average of $36.88.

Element Solutions (NYSE:ESI) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. The business had revenue of $840.00 million for the quarter, compared to analyst estimates of $710.51 million. Element Solutions had a net margin of 5.32% and a return on equity of 14.19%. The company’s revenue was up 41.5% on a year-over-year basis. During the same period last year, the business earned $0.34 EPS. As a group, research analysts forecast that Element Solutions will post 1.79 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.32 dividend on an annualized basis and a yield of 0.8%. Element Solutions’s dividend payout ratio (DPR) is presently 51.61%.

About Element Solutions

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.