Element Solutions (NYSE:ESI) Price Target Raised to $25.00

Element Solutions (NYSE:ESI) had its price target hoisted by Morgan Stanley from $22.50 to $25.00 in a research report released on Tuesday, Analyst Price Targets reports. Morgan Stanley currently has an equal weight rating on the stock.

Other analysts have also recently issued research reports about the company. Mizuho initiated coverage on Element Solutions in a research report on Tuesday, October 12th. They set a buy rating and a $27.00 price target for the company. Zacks Investment Research cut Element Solutions from a buy rating to a hold rating and set a $22.00 price target for the company. in a research report on Wednesday, September 22nd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Hold and an average target price of $18.04.

Element Solutions stock opened at $24.70 on Tuesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.88 and a quick ratio of 2.13. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 0.64 and a beta of 1.52. Element Solutions has a 1-year low of $15.86 and a 1-year high of $26.92. The business has a fifty day moving average price of $24.07 and a 200-day moving average price of $23.35.

Element Solutions (NYSE:ESI) last issued its quarterly earnings results on Wednesday, October 27th. The company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.01. Element Solutions had a return on equity of 14.08% and a net margin of 10.02%. The company had revenue of $616.00 million during the quarter, compared to analysts’ expectations of $578.47 million. During the same quarter in the previous year, the firm posted $0.22 EPS. The firm’s revenue was up 28.9% compared to the same quarter last year. On average, equities research analysts anticipate that Element Solutions will post 1.36 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 15th. Shareholders of record on Wednesday, December 1st were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, November 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.30%. This is a positive change from Element Solutions’s previous quarterly dividend of $0.06. Element Solutions’s dividend payout ratio (DPR) is presently 34.41%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC raised its stake in shares of Element Solutions by 145.9% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 1,158 shares of the company’s stock valued at $25,000 after buying an additional 687 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Element Solutions in the 2nd quarter valued at about $33,000. Advisory Services Network LLC purchased a new position in shares of Element Solutions in the 2nd quarter valued at about $46,000. First Horizon Advisors Inc. increased its stake in shares of Element Solutions by 931.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,754 shares of the company’s stock valued at $127,000 after purchasing an additional 2,487 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY purchased a new position in shares of Element Solutions in the 2nd quarter valued at about $112,000. Institutional investors and hedge funds own 90.04% of the company’s stock.

Element Solutions Company Profile

Element Solutions, Inc engages in the formulation of chemical solutions that enhance the performance of products people use every day. It operates through the following segments: Electronics and Industrial & Specialty. The Electronics segment focuses on the research and formulation of specialty chemicals and materials for all types of electronics hardware, from complex printed circuit board designs to new interconnection materials.

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Analyst Recommendations for Element Solutions (NYSE:ESI)

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