OMNOVA Solutions Upgraded by Zacks to “Neutral” (OMN)
OMNOVA Solutions (NYSE:OMN) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Wednesday. The firm currently has a $8.70 price target on the stock. Zacks‘s price objective indicates a potential upside of 2.23% from the company’s current price.
Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of OMNOVA Solutions in a research note on Thursday, June 26th. They now have a $11.50 price target on the stock, down previously from $12.00.
OMNOVA Solutions (NYSE:OMN) traded down 0.24% during mid-day trading on Wednesday, hitting $8.49. 3,204 shares of the company’s stock traded hands. OMNOVA Solutions has a 52 week low of $7.53 and a 52 week high of $11.03. The stock’s 50-day moving average is $8.46 and its 200-day moving average is $9.25. The company has a market cap of $402.3 million and a P/E ratio of 18.50.
OMNOVA Solutions (NYSE:OMN) last announced its earnings results on Wednesday, June 25th. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.19 by $0.10. The company had revenue of $266.40 million for the quarter, compared to the consensus estimate of $282.90 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was down 1.6% 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.
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