Element Solutions Inc. (ESI) – What Are Brokerages Saying About This Stock?

Element Solutions Inc. (NYSE:ESI) has been assigned a consensus recommendation of “Buy” from the thirteen research firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $46.36.

A number of brokerages have weighed in on ESI. Wolfe Research set a $47.00 price target on shares of Element Solutions in a report on Wednesday, July 29th. Barclays dropped their price objective on shares of Element Solutions from $53.00 to $51.00 and set an “overweight” rating on the stock in a report on Friday, October 23rd. Truist Financial upped their price objective on shares of Element Solutions from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, October 22nd. BMO Capital Markets reiterated an “outperform” rating and issued a $45.00 target price on shares of Element Solutions in a research note on Monday, September 21st. Finally, UBS Group increased their target price on shares of Element Solutions from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, October 5th.

Institutional Trading of Element Solutions

Hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new position in Element Solutions during the second quarter worth $1,317,663,000. Bank of New York Mellon Corp bought a new position in Element Solutions in the second quarter valued at $110,892,000. Assenagon Asset Management S.A. acquired a new stake in Element Solutions in the 3rd quarter valued at $82,230,000. Bank of America Corp DE acquired a new stake in Element Solutions in the 2nd quarter valued at $47,689,000. Finally, Troluce Capital Advisors LLC acquired a new stake in Element Solutions in the 1st quarter valued at $27,667,000. Institutional investors own 92.32% of the company’s stock.

Element Solutions Price Performance

NYSE ESI opened at $30.68 on Friday. The stock has a 50-day simple moving average of $35.03 and a 200 day simple moving average of $36.86. Element Solutions has a twelve month low of $22.86 and a twelve month high of $49.25. The stock has a market capitalization of $7.44 billion, a PE ratio of 19.11, a P/E/G ratio of 1.12 and a beta of 1.29. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.06 and a current ratio of 2.78.

Element Solutions (NYSE:ESI) last released its earnings results on Wednesday, October 21st. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Element Solutions had a return on equity of 15.45% and a net margin of 5.87%. The firm had revenue of $995.30 million for the quarter, compared to analyst estimates of $964.23 million. During the same quarter last year, the firm posted $0.41 EPS. The company’s revenue was up 51.7% on a year-over-year basis. Research analysts anticipate that Element Solutions will post 1.85 EPS for the current year.

Element Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.32 annualized dividend and a yield of 1.0%. Element Solutions’s dividend payout ratio is 37.65%.

About Element Solutions

Element Solutions Inc (NYSE: ESI) is a specialty chemicals company that develops and produces materials used in electronics manufacturing and a range of industrial applications. Its products are designed to support processes such as printed circuit board fabrication, semiconductor packaging, electronic assembly, metal finishing, and surface treatment.

Through its electronics-focused businesses, including MacDermid Alpha Solutions, the company supplies solder materials, electronic assembly chemicals, circuit board materials, and semiconductor packaging solutions.