Element Solutions Inc. (NYSE:ESI) Receives $27.38 Consensus Target Price from Analysts

Element Solutions Inc. (NYSE:ESI) has earned an average recommendation of “Buy” from the ten ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $27.3750.

A number of equities research analysts have recently issued reports on ESI shares. Bank of America raised Element Solutions from a “neutral” rating to a “buy” rating and cut their target price for the stock from $29.00 to $24.00 in a research report on Tuesday, April 15th. Mizuho boosted their target price on Element Solutions from $24.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. UBS Group boosted their target price on Element Solutions from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. BMO Capital Markets cut their target price on Element Solutions from $34.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Finally, Barclays cut their target price on Element Solutions from $30.00 to $27.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ESI. Park Square Financial Group LLC purchased a new position in Element Solutions in the fourth quarter valued at about $28,000. First Horizon Advisors Inc. grew its stake in Element Solutions by 710.1% in the second quarter. First Horizon Advisors Inc. now owns 1,288 shares of the company’s stock valued at $29,000 after purchasing an additional 1,129 shares in the last quarter. American National Bank & Trust purchased a new position in Element Solutions in the second quarter valued at about $36,000. SVB Wealth LLC purchased a new position in Element Solutions in the first quarter valued at about $37,000. Finally, Fifth Third Bancorp grew its stake in Element Solutions by 462.5% in the second quarter. Fifth Third Bancorp now owns 2,160 shares of the company’s stock valued at $49,000 after purchasing an additional 1,776 shares in the last quarter. 92.32% of the stock is owned by institutional investors and hedge funds.

Element Solutions Stock Up 4.1%

ESI opened at $24.77 on Friday. Element Solutions has a one year low of $16.77 and a one year high of $29.78. The company has a debt-to-equity ratio of 0.62, a quick ratio of 3.30 and a current ratio of 4.10. The stock’s fifty day moving average is $23.22 and its 200-day moving average is $23.05. The company has a market capitalization of $5.98 billion, a PE ratio of 24.77, a P/E/G ratio of 1.55 and a beta of 1.26.

Element Solutions (NYSE:ESI) last announced its 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 company had revenue of $625.20 million for the quarter, compared to analyst estimates of $587.45 million. Element Solutions had a return on equity of 14.14% and a net margin of 9.66%. Element Solutions’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.36 earnings per share. On average, equities analysts predict that Element Solutions will post 1.45 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, June 2nd. Element Solutions’s payout ratio is presently 32.00%.

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.