Element Solutions Inc (NYSE:ESI) Receives $30.14 Average PT from Brokerages

Element Solutions Inc (NYSE:ESI) has been given a consensus rating of “Moderate Buy” by the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $30.14.

Several research firms recently issued reports on ESI. BMO Capital Markets upped their target price on Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Barclays dropped their target price on Element Solutions from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Bank of America reiterated a “neutral” rating and set a $28.00 target price (down previously from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. Wolfe Research upgraded Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. Finally, Truist Financial initiated coverage on Element Solutions in a research note on Tuesday, January 28th. They issued a “hold” rating and a $28.00 price objective on the stock.

Element Solutions Stock Up 0.7 %

ESI stock opened at $26.33 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.52 and a quick ratio of 2.77. The stock has a market capitalization of $6.37 billion, a P/E ratio of 23.72, a P/E/G ratio of 2.17 and a beta of 1.30. The business has a 50-day moving average of $25.81 and a 200-day moving average of $26.30. Element Solutions has a fifty-two week low of $21.42 and a fifty-two week high of $29.78.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. On average, sell-side analysts anticipate that Element Solutions will post 1.44 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Monday, March 3rd. Element Solutions’s dividend payout ratio (DPR) is 28.83%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Park Avenue Securities LLC raised its position in Element Solutions by 79.0% during the 4th quarter. Park Avenue Securities LLC now owns 60,612 shares of the company’s stock worth $1,541,000 after purchasing an additional 26,753 shares during the last quarter. Cerity Partners LLC raised its position in Element Solutions by 40.4% during the 3rd quarter. Cerity Partners LLC now owns 172,000 shares of the company’s stock worth $4,672,000 after purchasing an additional 49,466 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in Element Solutions during the 3rd quarter worth $1,161,000. Barclays PLC raised its position in Element Solutions by 96.0% during the 3rd quarter. Barclays PLC now owns 108,174 shares of the company’s stock worth $2,938,000 after purchasing an additional 52,973 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Element Solutions by 549.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,619,419 shares of the company’s stock worth $43,983,000 after purchasing an additional 1,369,981 shares during the last quarter. 92.32% of the stock is owned by institutional investors.

About Element Solutions

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.