PolyOne Corp. (POL) Receives Average Recommendation of “Hold” from Brokerages
PolyOne Corp. (NYSE:POL) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the firm. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $37.00.
Several research analysts have commented on POL shares. Jefferies Group reduced their price objective on PolyOne Corp. from $40.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday. Zacks Investment Research downgraded PolyOne Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, August 2nd. Wellington Shields upgraded PolyOne Corp. from a “hold” rating to a “gradually accumulate” rating in a report on Thursday, June 30th. Finally, Goldman Sachs Group Inc. downgraded PolyOne Corp. from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $42.00 to $38.00 in a report on Wednesday, July 27th.
Shares of PolyOne Corp. (NYSE:POL) traded down 1.77% on Thursday, hitting $31.08. The stock had a trading volume of 145,533 shares. The company’s 50 day moving average price is $33.14 and its 200-day moving average price is $34.68. PolyOne Corp. has a 12 month low of $22.35 and a 12 month high of $38.41. The company has a market cap of $2.61 billion, a P/E ratio of 19.61 and a beta of 1.41.
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PolyOne Corp. (NYSE:POL) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.61 by $0.02. The company had revenue of $861.50 million for the quarter, compared to the consensus estimate of $879.38 million. PolyOne Corp. had a return on equity of 25.34% and a net margin of 4.11%. PolyOne Corp.’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the business posted $0.57 EPS. On average, analysts expect that PolyOne Corp. will post $2.17 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of PolyOne Corp. by 2.6% in the second quarter. Vanguard Group Inc. now owns 6,319,569 shares of the company’s stock worth $222,702,000 after buying an additional 157,167 shares in the last quarter. FMR LLC boosted its stake in PolyOne Corp. by 1.1% in the second quarter. FMR LLC now owns 4,060,676 shares of the company’s stock worth $143,098,000 after buying an additional 43,269 shares during the last quarter. Wellington Management Group LLP boosted its stake in PolyOne Corp. by 340.8% in the first quarter. Wellington Management Group LLP now owns 3,205,940 shares of the company’s stock worth $96,979,000 after buying an additional 2,478,711 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in PolyOne Corp. by 9.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,726,390 shares of the company’s stock worth $96,078,000 after buying an additional 237,513 shares during the last quarter. Finally, Westfield Capital Management Co. LP boosted its stake in PolyOne Corp. by 15.2% in the second quarter. Westfield Capital Management Co. LP now owns 1,769,227 shares of the company’s stock worth $62,348,000 after buying an additional 233,510 shares during the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.
PolyOne Corp. Company Profile
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