The Price Target For Element Solutions Inc (ESI)?


Element Solutions Inc (NYSE:ESI) finished Friday with a subtraction of -$0.04 to close at $18.19, a downside of -0.22 percent. An average of 638,620 shares of common stock have been traded in the last five days. There was a gain of $0.12 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 949,220 shares traded, while the 50-day average volume stands at 1,232,994.

ESI stock has decreased by -7.00% in the last month. The company shares reached their 1-month lowest point of $17.73 on 12/22/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $15.31 and a high of $25.26 in 52 weeks. It has reached a new high 3 times so far this year and lost -25.08% or -$6.09 in price. In spite of this, the price is down -27.99% from the 52-week high.

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Insider Transactions

ESI stock investors should be aware that Element Solutions Inc (ESI) stock had its last reported insider trading activity 288 days ago on Nov 18.

Valuation Metrics

Element Solutions Inc (ESI) has a trailing price-to-earnings (P/E) ratio of 25.23. The stock’s beta is 1.39. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.65, the price-to-book (PB) ratio at 1.95, and the price-to-cash flow ratio at 23.45.

The company has a payout ratio of 44.20%. The company’s most recent quarterly dividend payment was $0.08 a share, without any change from last year. Its latest increase dividend $0.02 reported on Thursday November 18 2021.

Financial Health

The quick ratio of Element Solutions Inc for the three months ended September 29 was 2.50, and the current ratio was 3.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.82 and a total debt to equity ratio of 0.83 for the quarter ending September 29. Its gross profit as reported stood at $960.8 million compared to revenue of $2.4 billion.

Earnings Surprise

For the three-month period that ended September 29, Element Solutions Inc had $1.89 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $53.2 million in the quarter, while revenues of $65.2 million were grew 32.33%. The analyst consensus anticipated Element Solutions Inc’s latest quarter earnings to come in at $0.36 per share, but it turned out to be $0.36, a 0.00% surprise. For the quarter, EBITDA amounted to $119.0 million. Shareholders own equity worth $242.09 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Element Solutions Inc (ESI) price momentum. RSI 9-day as of the close on 30 December was 44.04%, suggesting the stock is Neutral, with historical volatility in this time frame at 25.24%.

As of today, ESI’s price is $18.21 +0.66% or $0.12 from its 5-day moving average. ESI is currently trading -7.48% lower than its 20-day SMA and -2.78% lower than its 100-day SMA. However, the stock’s current price level is +9.91% above the SMA50 and -17.47% below the SMA200.

The stochastic %K and %D were 19.47% and 22.84%, respectively, and the average true range (ATR) was 0.44. With the 14-day stochastic at 24.80% and the average true range at 0.45, the RSI (14) stands at 45.63%. The stock has reached -0.09 on the 9-day MACD Oscillator while the 14-day reading was at -0.28.

Analyst Ratings

Goldman launched coverage on Element Solutions Inc (NYSE: ESI) in its analyst report released on October 13, 2022. The firm assigned the stock a Neutral rating. The consensus rating for Element Solutions Inc (ESI) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell ESI, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 5 others rate it as a “buy”.

What is ESI’s price target for the next 12 months?

Analysts predict a range of price targets between $15.00 and $25.00, with a median target of $22.00. Taking a look at these predictions, the average price target given by analysts for Element Solutions Inc (ESI) stock is $21.25.


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