PolyOne Corp. Reaches New 12-Month High at $35.99 (POL)
PolyOne Corp. (NYSE:POL)’s share price reached a new 52-week high during trading hours on Wednesday, Analyst Ratings Network.com reports. The company traded as high as $35.99 and last traded at $35.06, with a volume of 1,809,370 shares traded. The stock had previously closed at $33.65.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of PolyOne Corp. in a research note to investors on Wednesday, January 15th. They set a “buy” rating and a $34.27 price target on the stock. Analysts at Wells Fargo & Co. upgraded shares of PolyOne Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, December 9th.
PolyOne Corp. has a 52-week low of $20.96 and a 52-week high of $35.77. The stock’s 50-day moving average is $34.57 and its 200-day moving average is $30.85. The company has a market cap of $3.403 billion and a price-to-earnings ratio of 14.30.
PolyOne Corp. (NYSE:POL) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.01. The company had revenue of $924.00 million for the quarter, compared to the consensus estimate of $892.00 million. During the same quarter last year, the company posted $0.21 earnings per share. PolyOne Corp.’s revenue was up 41.9% compared to the same quarter last year. Analysts expect that PolyOne Corp. will post $1.76 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.
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.