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

Shares of Element Solutions Inc (NYSE:ESI) have been given an average recommendation of “Moderate Buy” by the nine research firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $30.14.

A number of research analysts recently issued reports on the stock. Bank of America restated a “neutral” rating and set a $28.00 target price (down from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. Barclays decreased their target price on shares of Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. BMO Capital Markets upped their price objective on shares of Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Finally, Truist Financial began coverage on shares of Element Solutions in a research report on Tuesday, January 28th. They issued a “hold” rating and a $28.00 price objective for the company.

Element Solutions Trading Up 0.2 %

NYSE ESI opened at $26.06 on Friday. The company has a market capitalization of $6.31 billion, a PE ratio of 23.48, a P/E/G ratio of 2.17 and a beta of 1.30. The company has a fifty day moving average of $25.91 and a 200 day moving average of $26.31. Element Solutions has a 1 year low of $21.42 and a 1 year high of $29.78. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.52 and a quick ratio of 2.77.

Element Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.23%. Element Solutions’s dividend payout ratio is currently 28.83%.

Institutional Trading of Element Solutions

Institutional investors and hedge funds have recently modified their holdings of the stock. True Wealth Design LLC purchased a new stake in shares of Element Solutions during the third quarter worth about $25,000. TD Private Client Wealth LLC purchased a new stake in shares of Element Solutions during the fourth quarter worth about $27,000. First Horizon Advisors Inc. increased its stake in shares of Element Solutions by 610.7% during the fourth quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company’s stock worth $29,000 after purchasing an additional 971 shares in the last quarter. Trust Co. of Vermont purchased a new stake in shares of Element Solutions during the fourth quarter worth about $43,000. Finally, Parkside Financial Bank & Trust purchased a new stake in shares of Element Solutions during the fourth quarter worth about $48,000. Hedge funds and other institutional investors own 92.32% of the company’s stock.

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.