The Goldman Sachs Group Raises Element Solutions (NYSE:ESI) Price Target to $29.00

Element Solutions (NYSE:ESI) had its target price increased by The Goldman Sachs Group from $26.00 to $29.00 in a research note released on Thursday, Benzinga reports. They currently have a neutral rating on the stock.

Several other research firms have also recently issued reports on ESI. Mizuho boosted their price objective on Element Solutions from $28.00 to $29.00 and gave the stock a buy rating in a research note on Wednesday, June 12th. BMO Capital Markets reissued an outperform rating and issued a $30.00 price objective (up from $28.00) on shares of Element Solutions in a research note on Wednesday, June 12th. StockNews.com cut shares of Element Solutions from a buy rating to a hold rating in a research note on Thursday, June 20th. Wolfe Research assumed coverage on shares of Element Solutions in a research report on Friday, March 1st. They issued a peer perform rating for the company. Finally, UBS Group boosted their price target on shares of Element Solutions from $30.00 to $33.00 and gave the stock a buy rating in a research report on Monday, June 24th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $29.40.

Element Solutions Stock Up 1.0 %

Element Solutions stock opened at $27.12 on Thursday. Element Solutions has a 12 month low of $17.57 and a 12 month high of $27.86. The stock has a market capitalization of $6.56 billion, a PE ratio of 50.22, a price-to-earnings-growth ratio of 1.32 and a beta of 1.29. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.63 and a quick ratio of 2.69. The business has a 50 day simple moving average of $24.66 and a 200-day simple moving average of $23.88.

Element Solutions (NYSE:ESI) last issued its quarterly earnings results on Monday, April 29th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. Element Solutions had a net margin of 5.62% and a return on equity of 13.96%. The company had revenue of $575.00 million during the quarter, compared to analyst estimates of $588.17 million. During the same quarter in the previous year, the firm earned $0.30 EPS. The firm’s revenue was up .1% compared to the same quarter last year. On average, analysts anticipate that Element Solutions will post 1.43 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.32 annualized dividend and a dividend yield of 1.18%. Element Solutions’s payout ratio is 59.26%.

Institutional Investors Weigh In On Element Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the company. Richardson Financial Services Inc. purchased a new stake in shares of Element Solutions in the 4th quarter valued at approximately $27,000. SRS Capital Advisors Inc. lifted its holdings in Element Solutions by 370.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,623 shares of the company’s stock valued at $38,000 after acquiring an additional 1,278 shares during the last quarter. CWM LLC grew its position in Element Solutions by 95.9% in the fourth quarter. CWM LLC now owns 1,810 shares of the company’s stock worth $42,000 after acquiring an additional 886 shares during the period. EverSource Wealth Advisors LLC increased its stake in Element Solutions by 51.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,002 shares of the company’s stock worth $46,000 after acquiring an additional 684 shares during the last quarter. Finally, Assetmark Inc. raised its position in Element Solutions by 1,585.0% in the fourth quarter. Assetmark Inc. now owns 2,022 shares of the company’s stock valued at $47,000 after purchasing an additional 1,902 shares during the period. 92.32% of the stock is currently owned by institutional investors and hedge funds.

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.