PolyOne Corp. Reaches New 12-Month High at $31.85 (POL)
PolyOne Corp. (NYSE:POL)’s share price reached a new 52-week high during mid-day trading on Friday, Stock Ratings Network reports. The stock traded as high as $31.85 and last traded at $31.68, with a volume of 589,051 shares traded. The stock had previously closed at $30.55.
A number of research firms have recently commented on POL. Analysts at Jefferies Group raised their price target on shares of PolyOne Corp. from $34.00 to $35.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock.
PolyOne Corp. has a one year low of $16.64 and a one year high of $30.96. The stock’s 50-day moving average is $29.21 and its 200-day moving average is $26.62. The company has a market cap of $3.087 billion and a price-to-earnings ratio of 12.63.
PolyOne Corp. (NYSE:POL) last announced its earnings results on Tuesday, July 30th. The company reported $0.39 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.04. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the company posted $0.37 earnings per share. PolyOne Corp.’s revenue was up 37.1% compared to the same quarter last year. Analysts expect that PolyOne Corp. will post $1.26 EPS for the current fiscal year.
PolyOne Corporation (NYSE:POL) is a provider of specialized polymer materials, services and solutions with operations in specialty polymer formulations, color and additive systems, polymer distribution and specialty vinyl resins.
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