Element Solutions Inc. (NYSE:ESI) Stock Has Average Target Price of $45.50 According to Analysts

Shares of Element Solutions Inc. (NYSE:ESI) have received a consensus recommendation of “Buy” from the eleven ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $45.50.

Several analysts recently issued reports on the stock. Bank of America started coverage on shares of Element Solutions in a research report on Tuesday, September 1st. They set a “buy” rating and a $42.00 price target on the stock. Mizuho lowered their price objective on shares of Element Solutions from $45.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday, October 1st. Wolfe Research set a $47.00 target price on Element Solutions in a research note on Wednesday, July 29th. Weiss Ratings downgraded Element Solutions from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, September 10th. Finally, Jefferies Financial Group started coverage on Element Solutions in a research note on Wednesday, September 2nd. They issued a “buy” rating and a $55.00 price target on the stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Valley Wealth Managers Inc. grew its holdings in shares of Element Solutions by 0.5% during the 3rd quarter. Valley Wealth Managers Inc. now owns 765,712 shares of the company’s stock valued at $27,780,000 after purchasing an additional 4,031 shares during the last quarter. GAMMA Investing LLC boosted its position in Element Solutions by 14.2% in the third quarter. GAMMA Investing LLC now owns 14,067 shares of the company’s stock valued at $510,000 after buying an additional 1,754 shares in the last quarter. QRG Capital Management Inc. grew its stake in shares of Element Solutions by 20.3% during the second quarter. QRG Capital Management Inc. now owns 10,476 shares of the company’s stock worth $500,000 after buying an additional 1,765 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Element Solutions by 2.8% during the second quarter. Sequoia Financial Advisors LLC now owns 30,771 shares of the company’s stock worth $1,469,000 after buying an additional 826 shares during the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of Element Solutions by 72.9% during the second quarter. Tidal Investments LLC now owns 35,763 shares of the company’s stock worth $1,708,000 after buying an additional 15,077 shares in the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Stock Down 1.2%

ESI stock opened at $36.27 on Wednesday. Element Solutions has a 52 week low of $22.86 and a 52 week high of $49.25. The business has a 50-day simple moving average of $35.99 and a 200 day simple moving average of $38.77. The company has a quick ratio of 2.11, a current ratio of 2.91 and a debt-to-equity ratio of 0.73. The company has a market cap of $8.84 billion, a PE ratio of 49.02, a price-to-earnings-growth ratio of 1.36 and a beta of 1.26.

Element Solutions (NYSE:ESI) last released its earnings results on Monday, July 27th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.43 by $0.04. The firm had revenue of $977.90 million for the quarter, compared to analyst estimates of $873.19 million. Element Solutions had a net margin of 5.67% and a return on equity of 14.88%. The business’s quarterly revenue was up 56.4% compared to the same quarter last year. During the same period last year, the firm earned $0.20 EPS. Sell-side analysts anticipate that Element Solutions will post 1.81 EPS for the current fiscal year.

Element Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid 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 0.9%. Element Solutions’s dividend payout ratio (DPR) is 43.24%.

Element Solutions Company Profile

Element Solutions Inc (NYSE: ESI) is a specialty chemicals company that develops and manufactures products used in electronics, industrial processes, and other specialized applications. Its materials and process solutions are designed to improve manufacturing performance, product reliability, and surface protection across a range of end markets.

The company’s Electronics segment supplies chemicals, materials, and equipment used in printed circuit board fabrication, semiconductor packaging, and other electronic component manufacturing.