Element Solutions Inc (NYSE:ESI) Receives Consensus Rating of “Hold” from Analysts

Element Solutions Inc (NYSE:ESIGet Rating) has been assigned an average rating of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $21.07.

ESI has been the topic of a number of analyst reports. Barclays lowered their price target on Element Solutions from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 1st. Mizuho lowered their price target on Element Solutions from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Credit Suisse Group initiated coverage on Element Solutions in a research report on Thursday, October 6th. They issued an “underperform” rating and a $15.00 price target on the stock. The Goldman Sachs Group initiated coverage on Element Solutions in a research report on Thursday, October 13th. They issued a “neutral” rating and a $20.00 price target on the stock. Finally, Morgan Stanley lowered their price target on Element Solutions from $19.00 to $17.50 and set an “equal weight” rating on the stock in a research report on Monday, October 31st.

Insider Transactions at Element Solutions

In other Element Solutions news, Director Martin E. Franklin bought 302,000 shares of the firm’s stock in a transaction dated Friday, November 11th. The shares were bought at an average price of $18.96 per share, for a total transaction of $5,725,920.00. Following the completion of the acquisition, the director now owns 302,000 shares of the company’s stock, valued at $5,725,920. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Martin E. Franklin purchased 250,000 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The shares were acquired at an average price of $19.11 per share, for a total transaction of $4,777,500.00. Following the completion of the acquisition, the director now directly owns 552,000 shares in the company, valued at $10,548,720. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Martin E. Franklin purchased 302,000 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The stock was purchased at an average price of $18.96 per share, for a total transaction of $5,725,920.00. Following the acquisition, the director now owns 302,000 shares of the company’s stock, valued at $5,725,920. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 687,000 shares of company stock worth $13,054,920. Insiders own 7.10% of the company’s stock.

Hedge Funds Weigh In On Element Solutions

Several hedge funds have recently added to or reduced their stakes in ESI. Vanguard Group Inc. lifted its stake in Element Solutions by 1.0% in the third quarter. Vanguard Group Inc. now owns 22,092,230 shares of the company’s stock valued at $359,441,000 after buying an additional 214,544 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Element Solutions by 3.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 21,844,504 shares of the company’s stock valued at $388,832,000 after buying an additional 740,230 shares during the period. FMR LLC lifted its stake in Element Solutions by 5.1% in the second quarter. FMR LLC now owns 15,221,953 shares of the company’s stock valued at $270,951,000 after buying an additional 740,817 shares during the period. Gates Capital Management Inc. lifted its stake in Element Solutions by 3.7% in the first quarter. Gates Capital Management Inc. now owns 9,989,836 shares of the company’s stock valued at $218,777,000 after buying an additional 357,956 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in Element Solutions by 0.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,332,652 shares of the company’s stock valued at $130,521,000 after buying an additional 55,674 shares during the period. Institutional investors own 90.05% of the company’s stock.

Element Solutions Stock Performance

Shares of NYSE ESI opened at $19.51 on Friday. The business has a fifty day simple moving average of $17.50 and a 200 day simple moving average of $18.70. The company has a current ratio of 3.33, a quick ratio of 2.45 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 1.17 and a beta of 1.36. Element Solutions has a one year low of $15.31 and a one year high of $25.26.

Element Solutions (NYSE:ESIGet Rating) last issued its earnings results on Wednesday, October 26th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The firm had revenue of $618.50 million during the quarter, compared to analyst estimates of $660.69 million. Element Solutions had a net margin of 6.80% and a return on equity of 14.64%. Sell-side analysts expect that Element Solutions will post 1.41 EPS for the current year.

Element Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Wednesday, November 30th. Element Solutions’s payout ratio is presently 44.45%.

Element Solutions Company Profile

(Get Rating)

Element Solutions Inc operates as a specialty chemicals company in the United States, China, and internationally. The company operates in two segments, Electronics, and Industrial & Specialty. The Electronics segment researches, formulates, and sells specialty chemicals and materials for various types of electronics hardware products.

Recommended Stories

Analyst Recommendations for Element Solutions (NYSE:ESI)

Receive News & Ratings for Element Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Element Solutions and related companies with MarketBeat.com's FREE daily email newsletter.