Element Solutions Inc (NYSE:ESI – Get 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
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:ESI – Get 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
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.
- Get a free copy of the StockNews.com research report on Element Solutions (ESI)
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