OMNOVA Solutions Upgraded to “Neutral” by Zacks (OMN)
OMNOVA Solutions (NYSE:OMN) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, Stock Ratings Network reports. The firm currently has a $10.00 target price on the stock. Zacks‘ price target indicates a potential upside of 2.77% from the company’s current price.
Shares of OMNOVA Solutions (NYSE:OMN) traded down 2.77% during mid-day trading on Tuesday, hitting $9.46. The stock had a trading volume of 56,697 shares. OMNOVA Solutions has a 1-year low of $6.40 and a 1-year high of $10.11. The stock has a 50-day moving average of $8.88 and a 200-day moving average of $8.46. The company has a market cap of $445.8 million and a P/E ratio of 37.00.
OMNOVA Solutions (NYSE:OMN) last released its earnings data on Tuesday, January 21st. The company reported $0.12 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.12. The company had revenue of $234.40 million for the quarter, compared to the consensus estimate of $226.00 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. Analysts expect that OMNOVA Solutions will post $0.50 EPS 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.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.