Insider Selling: Craig M. Nikrant Sells 6,400 Shares of PolyOne Stock (POL)
PolyOne (NYSE:POL) SVP Craig M. Nikrant unloaded 6,400 shares of the stock on the open market in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $39.37, for a total transaction of $251,968.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
POL has been the subject of a number of recent research reports. Analysts at Goldman Sachs downgraded shares of PolyOne from a “buy” rating to a “neutral” rating in a research note on Thursday, July 24th. Separately, analysts at KeyCorp reiterated a “buy” rating on shares of PolyOne in a research note on Wednesday, July 16th. They now have a $52.00 price target on the stock, up previously from $48.00. Finally, analysts at KeyCorp reiterated a “buy” rating on shares of PolyOne in a research note on Monday, June 2nd. They now have a $48.00 price target on the stock, up previously from $45.00. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $48.33.
PolyOne (NYSE:POL) traded up 0.13% on Friday, hitting $39.22. 219,728 shares of the company’s stock traded hands. PolyOne has a 52 week low of $26.94 and a 52 week high of $43.34. The stock’s 50-day moving average is $40.06 and its 200-day moving average is $38.9. The company has a market cap of $3.621 billion and a P/E ratio of 34.91.
PolyOne (NYSE:POL) last released its earnings data on Monday, July 21st. The company reported $0.51 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.50 by $0.01. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the company posted $0.37 earnings per share. PolyOne’s revenue was down 3.1% compared to the same quarter last year. On average, analysts predict that PolyOne will post $1.80 earnings per share 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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