OMNOVA Solutions PT Raised to $10.00 (OMN)
Stock analysts at Deutsche Bank lifted their target price on shares of OMNOVA Solutions (NYSE:OMN) from $9.00 to $10.00 in a report issued on Tuesday, Stock Ratings Network reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target would suggest a potential upside of 16.96% from the company’s current price.
OMNOVA Solutions (NYSE:OMN) traded up 1.52% on Tuesday, hitting $8.68. 43,580 shares of the company’s stock traded hands. OMNOVA Solutions has a 52 week low of $6.15 and a 52 week high of $8.75. The stock’s 50-day moving average is $8.1 and its 200-day moving average is $7.74. The company has a market cap of $408.7 million and a price-to-earnings ratio of 39.58.
OMNOVA Solutions (NYSE:OMN) last announced its earnings results on Monday, September 30th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.03. The company had revenue of $261.20 million for the quarter, compared to the consensus estimate of $277.00 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was down 9.4% on a year-over-year basis. On average, analysts predict that OMNOVA Solutions will post $0.60 earnings per share for the current fiscal year.
OMNOVA Solutions Inc (NYSE:OMN) is a provider of emulsion polymers, specialty chemicals and decorative and functional surfaces for a variety of commercial, industrial and residential end uses.
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