Element Solutions Inc (NYSE:ESI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Element Solutions Inc (NYSE:ESI) have received an average recommendation of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $29.40.

Several equities analysts have commented on ESI shares. UBS Group increased their price objective on shares of Element Solutions from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, June 24th. Mizuho increased their price target on shares of Element Solutions from $28.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. The Goldman Sachs Group raised their price objective on shares of Element Solutions from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, June 27th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $30.00 target price (up previously from $28.00) on shares of Element Solutions in a research report on Wednesday, June 12th. Finally, StockNews.com raised Element Solutions from a “hold” rating to a “buy” rating in a report on Thursday.

Element Solutions Trading Down 3.8 %

Shares of NYSE:ESI opened at $25.16 on Monday. Element Solutions has a 52-week low of $17.57 and a 52-week high of $28.68. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.69 and a current ratio of 3.50. The company has a market capitalization of $6.09 billion, a P/E ratio of 46.59, a price-to-earnings-growth ratio of 1.31 and a beta of 1.31. The company has a 50-day simple moving average of $26.28 and a 200 day simple moving average of $24.61.

Element Solutions (NYSE:ESI) last issued its earnings results on Monday, July 29th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 8.24%. The company had revenue of $613.00 million during the quarter, compared to the consensus estimate of $606.95 million. During the same period in the previous year, the company posted $0.31 EPS. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. Sell-side analysts forecast that Element Solutions will post 1.44 earnings per share for the current year.

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.32 dividend on an annualized basis and a yield of 1.27%. Element Solutions’s dividend payout ratio (DPR) is presently 59.26%.

Institutional Trading of Element Solutions

A number of institutional investors have recently modified their holdings of the stock. Wolverine Asset Management LLC bought a new position in shares of Element Solutions in the second quarter worth $651,000. Natixis Advisors LLC increased its holdings in Element Solutions by 3.2% in the 2nd quarter. Natixis Advisors LLC now owns 1,044,378 shares of the company’s stock valued at $28,323,000 after buying an additional 31,925 shares during the period. nVerses Capital LLC raised its position in shares of Element Solutions by 24.6% in the 2nd quarter. nVerses Capital LLC now owns 7,600 shares of the company’s stock valued at $206,000 after buying an additional 1,500 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of Element Solutions during the 2nd quarter worth approximately $453,000. Finally, Signaturefd LLC boosted its position in shares of Element Solutions by 13.8% during the 2nd quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock worth $100,000 after acquiring an additional 448 shares in the last quarter. 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.