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

Shares of Element Solutions Inc. (NYSE:ESI) have been assigned a consensus recommendation of “Buy” from the twelve analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and four have given a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $46.20.

A number of equities research analysts have recently commented on the company. William Blair set a $48.00 price objective on Element Solutions in a research report on Friday, August 28th. Mizuho reiterated a “neutral” rating and set a $45.00 target price (down from $54.00) on shares of Element Solutions in a research report on Tuesday, July 14th. The Goldman Sachs Group started coverage on Element Solutions in a research note on Friday, September 11th. They issued a “buy” rating and a $44.00 price target on the stock. Bank of America started coverage on Element Solutions in a report on Tuesday, September 1st. They issued a “buy” rating and a $42.00 price target for the company. Finally, Freedom Capmkts raised shares of Element Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 28th.

Hedge Funds Weigh In On Element Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC acquired a new position in shares of Element Solutions in the 2nd quarter valued at $27,000. Assetmark Inc. grew its stake in shares of Element Solutions by 151.0% during the 1st quarter. Assetmark Inc. now owns 778 shares of the company’s stock valued at $27,000 after buying an additional 468 shares during the period. NewEdge Advisors LLC increased its holdings in shares of Element Solutions by 57.4% during the 1st quarter. NewEdge Advisors LLC now owns 949 shares of the company’s stock worth $32,000 after buying an additional 346 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Element Solutions during the 2nd quarter worth $63,000. Finally, Allworth Financial LP purchased a new position in shares of Element Solutions in the 2nd quarter worth $66,000. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Price Performance

Element Solutions stock opened at $32.79 on Friday. The stock has a market capitalization of $7.99 billion, a P/E ratio of 44.32, a P/E/G ratio of 1.23 and a beta of 1.26. Element Solutions has a 12-month low of $22.86 and a 12-month high of $49.25. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.91 and a quick ratio of 2.11. The firm’s 50-day moving average is $36.45 and its two-hundred day moving average is $38.35.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Monday, July 27th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. Element Solutions had a net margin of 5.67% and a return on equity of 14.88%. The business had revenue of $977.90 million during the quarter, compared to analyst estimates of $873.19 million. During the same quarter in the previous year, the business posted $0.20 earnings per share. The company’s revenue was up 56.4% on a year-over-year basis. Equities analysts predict that Element Solutions will post 1.81 earnings per share for the current year.

Element Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.32 annualized dividend and a dividend yield of 1.0%. Element Solutions’s dividend payout ratio (DPR) is currently 43.24%.

Element Solutions Company Profile

Element Solutions Inc (NYSE: ESI) is a global specialty chemicals company that develops and supplies engineered materials and process technologies for the electronics, industrial and energy markets. Its products are used in manufacturing, assembly, protection and performance-enhancement applications across a range of industries.

The company’s electronics products support printed circuit board fabrication, semiconductor packaging and assembly, and other electronic component manufacturing processes.