Element Solutions (NYSE:ESI) PT Lowered to $23.00

Posted by Defense World Staff on Apr 11th, 2023

Element Solutions (NYSE:ESI – Get Rating) had its target price trimmed by Barclays from $24.00 to $23.00 in a research note released on Monday morning, The Fly reports.

ESI has been the subject of several other reports. Credit Suisse Group boosted their price target on shares of Element Solutions from $15.00 to $18.00 and gave the stock an underperform rating in a research note on Wednesday, February 22nd. The Goldman Sachs Group increased their target price on shares of Element Solutions from $19.00 to $21.00 and gave the stock a neutral rating in a report on Thursday, December 15th. Finally, StockNews.com lowered Element Solutions from a buy rating to a hold rating in a research note on Thursday, April 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Element Solutions has a consensus rating of Hold and a consensus target price of $20.92.

Element Solutions Stock Performance

Element Solutions stock opened at $18.15 on Monday. Element Solutions has a 1-year low of $15.31 and a 1-year high of $22.14. The company has a current ratio of 3.45, a quick ratio of 2.61 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $4.38 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 1.84 and a beta of 1.32. The firm’s 50 day simple moving average is $19.71 and its 200 day simple moving average is $18.76.

Element Solutions (NYSE:ESI – Get Rating) last posted its earnings results on Tuesday, February 21st. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. Element Solutions had a return on equity of 14.53% and a net margin of 7.34%. The business had revenue of $573.80 million during the quarter, compared to analysts’ expectations of $589.81 million. During the same period in the previous year, the business earned $0.31 earnings per share. The firm’s revenue was down 11.3% on a year-over-year basis. As a group, analysts expect that Element Solutions will post 1.38 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st were given a dividend of $0.08 per share. The ex-dividend date was Tuesday, February 28th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.76%. Element Solutions’s dividend payout ratio is currently 42.11%.

Institutional Investors Weigh In On Element Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in ESI. JPMorgan Chase & Co. grew its stake in Element Solutions by 8.9% in the first quarter. JPMorgan Chase & Co. now owns 288,984 shares of the company’s stock worth $6,329,000 after purchasing an additional 23,529 shares in the last quarter. US Bancorp DE lifted its position in Element Solutions by 19.1% during the first quarter. US Bancorp DE now owns 6,710 shares of the company’s stock valued at $147,000 after acquiring an additional 1,078 shares during the last quarter. HighTower Advisors LLC boosted its stake in Element Solutions by 27.9% in the first quarter. HighTower Advisors LLC now owns 16,912 shares of the company’s stock valued at $370,000 after acquiring an additional 3,689 shares in the last quarter. MetLife Investment Management LLC acquired a new stake in shares of Element Solutions in the 1st quarter worth $101,000. Finally, Allianz Asset Management GmbH increased its position in Element Solutions by 14.6% during the 1st quarter. Allianz Asset Management GmbH now owns 93,764 shares of the company’s stock valued at $2,053,000 after buying an additional 11,955 shares in the last quarter. Hedge funds and other institutional investors own 90.37% of the company’s stock.

Element Solutions Company Profile

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Element Solutions, Inc is a specialty chemicals company. It operates under the Electronics, and Industrial and Specialty segments. The Electronics segment focuses on researching, formulating, and selling specialty chemicals and material process technologies for all types of electronics hardware, from complex printed circuit board designs to advanced semiconductor packaging.