Element Solutions Inc. (NYSE:ESI) Receives Consensus Recommendation of "Buy" from Analysts

Element Solutions Inc. (NYSE:ESI - Get Free Report) has received an average recommendation of "Buy" from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $27.3750.

• Element Solutions Forming Flat Base After Q2 Earnings

A number of equities analysts have issued reports on the company. UBS Group increased their price target on Element Solutions from $29.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. KeyCorp increased their target price on Element Solutions from $29.00 to $30.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. The Goldman Sachs Group reiterated a "neutral" rating and issued a $27.00 target price (up from $24.00) on shares of Element Solutions in a report on Tuesday, July 15th. Finally, Mizuho increased their target price on Element Solutions from $24.00 to $27.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th.

Check Out Our Latest Analysis on ESI

Element Solutions Price Performance

Element Solutions stock opened at $25.71 on Tuesday. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 1.68 and a beta of 1.31. Element Solutions has a 52-week low of $16.77 and a 52-week high of $29.78. The stock's 50 day moving average price is $24.30 and its two-hundred day moving average price is $23.01. The company has a debt-to-equity ratio of 0.62, a quick ratio of 3.30 and a current ratio of 4.10.

Element Solutions (NYSE:ESI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.01. The firm had revenue of $625.20 million for the quarter, compared to analysts' expectations of $587.45 million. Element Solutions had a return on equity of 14.14% and a net margin of 9.66%.The company's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.36 EPS. On average, equities analysts predict that Element Solutions will post 1.45 earnings per share for the current year.

Element Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, September 2nd. Element Solutions's dividend payout ratio (DPR) is currently 32.00%.

Hedge Funds Weigh In On Element Solutions

Large investors have recently modified their holdings of the company. Park Square Financial Group LLC bought a new position in shares of Element Solutions in the 4th quarter worth $28,000. Elevation Point Wealth Partners LLC bought a new position in shares of Element Solutions in the 2nd quarter worth $26,000. First Horizon Advisors Inc. raised its position in Element Solutions by 710.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company's stock valued at $29,000 after buying an additional 1,129 shares during the last quarter. American National Bank & Trust purchased a new stake in Element Solutions in the 2nd quarter valued at $36,000. Finally, SVB Wealth LLC purchased a new stake in Element Solutions in the 1st quarter valued at $37,000. 92.32% of the stock is currently owned by institutional investors.

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.

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