Element Solutions Inc. (NYSE:ESI) Receives Average Recommendation of “Buy” from Brokerages

Shares of Element Solutions Inc. (NYSE:ESI) have earned an average recommendation of “Buy” from the thirteen ratings firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and four have given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $46.70.

ESI has been the topic of several recent analyst reports. The Goldman Sachs Group began coverage on Element Solutions in a research note on Friday. They set a “buy” rating and a $44.00 price objective on the stock. Jefferies Financial Group initiated coverage on shares of Element Solutions in a report on Wednesday, September 2nd. They issued a “buy” rating and a $55.00 target price for the company. Freedom Capmkts upgraded shares of Element Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, August 28th. Bank of America started coverage on shares of Element Solutions in a research note on Tuesday, September 1st. They issued a “buy” rating and a $42.00 price objective for the company. Finally, Truist Financial lifted their target price on shares of Element Solutions from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ESI. HB Wealth Management LLC raised its holdings in shares of Element Solutions by 4.8% in the 2nd quarter. HB Wealth Management LLC now owns 6,295 shares of the company’s stock worth $301,000 after purchasing an additional 291 shares during the period. Parallel Advisors LLC raised its stake in shares of Element Solutions by 16.4% in the fourth quarter. Parallel Advisors LLC now owns 2,455 shares of the company’s stock valued at $61,000 after buying an additional 345 shares during the period. NewEdge Advisors LLC lifted its position in shares of Element Solutions by 57.4% during the 1st quarter. NewEdge Advisors LLC now owns 949 shares of the company’s stock valued at $32,000 after buying an additional 346 shares during the last quarter. MML Investors Services LLC lifted its position in shares of Element Solutions by 0.3% during the 4th quarter. MML Investors Services LLC now owns 125,877 shares of the company’s stock valued at $3,146,000 after buying an additional 355 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Element Solutions by 3.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 10,450 shares of the company’s stock worth $357,000 after acquiring an additional 385 shares during the period. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

Element Solutions Stock Up 0.4%

Shares of NYSE ESI opened at $34.30 on Friday. Element Solutions has a 12-month low of $22.86 and a 12-month high of $49.25. The firm has a market cap of $8.36 billion, a PE ratio of 46.35, a P/E/G ratio of 1.27 and a beta of 1.26. The company’s fifty day simple moving average is $37.23 and its 200 day simple moving average is $38.48. The company has a quick ratio of 2.11, a current ratio of 2.91 and a debt-to-equity ratio of 0.73.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Monday, July 27th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.04. Element Solutions had a net margin of 5.67% and a return on equity of 14.88%. The firm had revenue of $977.90 million for the quarter, compared to the consensus estimate of $873.19 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The business’s revenue was up 56.4% on a year-over-year basis. As a group, sell-side analysts forecast that Element Solutions will post 1.81 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 1st. Element Solutions’s payout ratio is 43.24%.

Element Solutions Company Profile

Element Solutions Inc (NYSE: ESI) is a global specialty chemicals company that develops and supplies engineered materials and process technologies for the electronics, industrial and energy markets. Its products are used in manufacturing, assembly, protection and performance-enhancement applications across a range of industries.

The company’s electronics products support printed circuit board fabrication, semiconductor packaging and assembly, and other electronic component manufacturing processes.