StockNews.com Lowers Element Solutions (NYSE:ESI) to Hold

StockNews.com lowered shares of Element Solutions (NYSE:ESIFree Report) from a buy rating to a hold rating in a report issued on Thursday morning.

Several other equities analysts have also commented on the stock. The Goldman Sachs Group increased their price objective on shares of Element Solutions from $22.00 to $26.00 and gave the company a neutral rating in a research report on Tuesday, March 5th. 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 report on Wednesday, June 12th. Wolfe Research began coverage on shares of Element Solutions in a research note on Friday, March 1st. They set a peer perform rating for the company. Barclays increased their price objective on Element Solutions from $25.00 to $26.00 and gave the stock an overweight rating in a research note on Monday, February 26th. Finally, Mizuho upped their price target on shares of Element Solutions from $28.00 to $29.00 and gave the stock a buy rating in a research report on Wednesday, June 12th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $27.60.

Get Our Latest Stock Analysis on Element Solutions

Element Solutions Stock Down 0.3 %

Element Solutions stock opened at $27.22 on Thursday. Element Solutions has a one year low of $17.57 and a one year high of $27.86. The stock has a market cap of $6.59 billion, a PE ratio of 50.41, a price-to-earnings-growth ratio of 1.72 and a beta of 1.29. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.69 and a current ratio of 3.63. The stock has a fifty day moving average of $24.36 and a 200 day moving average of $23.65.

Element Solutions (NYSE:ESIGet Free Report) last posted its quarterly earnings results on Monday, April 29th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Element Solutions had a net margin of 5.62% and a return on equity of 13.96%. The business had revenue of $575.00 million during the quarter, compared to analyst estimates of $588.17 million. During the same period in the prior year, the business posted $0.30 earnings per share. The company’s revenue was up .1% on a year-over-year basis. As a group, sell-side analysts predict that Element Solutions will post 1.43 EPS for the current year.

Element Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a $0.08 dividend. 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 1.18%. Element Solutions’s dividend payout ratio (DPR) is 59.26%.

Institutional Investors Weigh In On Element Solutions

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

Element Solutions Company Profile

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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.

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Analyst Recommendations for Element Solutions (NYSE:ESI)

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