Element Solutions (NYSE:ESI) Given New $32.00 Price Target at Barclays

Element Solutions (NYSE:ESI) had its target price lifted by Barclays from $30.00 to $32.00 in a report released on Wednesday morning, Benzinga reports. Barclays currently has an overweight rating on the stock.

ESI has been the topic of several other reports. Wolfe Research upgraded Element Solutions from a “peer perform” rating to an “outperform” rating in a research report on Friday, October 25th. StockNews.com lowered Element Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. BMO Capital Markets lifted their price target on Element Solutions from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Seaport Res Ptn upgraded Element Solutions to a “strong-buy” rating in a research report on Monday, October 14th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Element Solutions has a consensus rating of “Moderate Buy” and an average price target of $31.00.

Element Solutions Price Performance

Shares of ESI stock opened at $27.56 on Wednesday. The firm has a market cap of $6.67 billion, a P/E ratio of 51.04, a P/E/G ratio of 1.53 and a beta of 1.29. Element Solutions has a fifty-two week low of $17.76 and a fifty-two week high of $28.68. The business’s 50 day moving average price is $25.98 and its 200-day moving average price is $25.57. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.60 and a current ratio of 3.50.

Element Solutions (NYSE:ESI) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 8.24%. The firm had revenue of $645.00 million for the quarter, compared to analyst estimates of $626.52 million. During the same period last year, the company earned $0.36 EPS. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities research analysts anticipate that Element Solutions will post 1.43 earnings per share for the current year.

Element Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Friday, August 30th. Element Solutions’s dividend payout ratio is currently 59.26%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ESI. Quarry LP bought a new stake in shares of Element Solutions in the second quarter worth $31,000. EverSource Wealth Advisors LLC grew its holdings in shares of Element Solutions by 39.4% in the second quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock worth $82,000 after acquiring an additional 864 shares during the period. Quest Partners LLC grew its holdings in shares of Element Solutions by 14,600.0% in the second quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock worth $88,000 after acquiring an additional 3,212 shares during the period. LRI Investments LLC bought a new stake in shares of Element Solutions in the first quarter worth $78,000. Finally, Signaturefd LLC grew its holdings in shares of Element Solutions by 13.8% in the second quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock worth $100,000 after acquiring an additional 448 shares during the period. Hedge funds and other institutional investors own 92.32% of the company’s stock.

About Element Solutions

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.