Shares of PolyOne Corporation (NYSE:POL) have been given a consensus recommendation of “Hold” by the six brokerages that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $39.33.

A number of brokerages recently issued reports on POL. Oppenheimer Holdings, Inc. began coverage on shares of PolyOne Corporation in a research report on Wednesday. They set an “outperform” rating and a $43.00 target price on the stock. BidaskClub raised shares of PolyOne Corporation from a “sell” rating to a “hold” rating in a research report on Monday. Finally, Zacks Investment Research lowered shares of PolyOne Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th.

PolyOne Corporation (NYSE:POL) traded up 0.30% on Wednesday, reaching $36.70. 232,630 shares of the company’s stock were exchanged. The stock’s market capitalization is $3.00 billion. The firm has a 50 day moving average of $37.38 and a 200 day moving average of $36.17. PolyOne Corporation has a 12 month low of $28.77 and a 12 month high of $40.88.

PolyOne Corporation (NYSE:POL) last released its quarterly earnings results on Tuesday, July 25th. The specialty chemicals company reported $0.63 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.63. PolyOne Corporation had a negative net margin of 1.75% and a positive return on equity of 25.84%. The company had revenue of $814.10 million for the quarter, compared to analyst estimates of $812.52 million. During the same quarter last year, the firm posted $0.59 earnings per share. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. Equities analysts predict that PolyOne Corporation will post $2.21 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 15th will be given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Thursday, September 14th. PolyOne Corporation’s dividend payout ratio (DPR) is currently -73.97%.

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Institutional investors have recently made changes to their positions in the company. Koch Industries Inc. bought a new position in shares of PolyOne Corporation during the second quarter worth about $227,000. Nomura Holdings Inc. bought a new position in shares of PolyOne Corporation during the second quarter worth about $471,000. BlueCrest Capital Management Ltd bought a new position in shares of PolyOne Corporation during the second quarter worth about $279,000. State Street Corp raised its position in shares of PolyOne Corporation by 3.2% in the second quarter. State Street Corp now owns 2,778,681 shares of the specialty chemicals company’s stock worth $107,643,000 after buying an additional 86,473 shares during the period. Finally, San Francisco Sentry Investment Group CA bought a new position in shares of PolyOne Corporation during the second quarter worth about $261,000. 97.03% of the stock is currently owned by institutional investors and hedge funds.

PolyOne Corporation Company Profile

PolyOne Corporation (PolyOne) provides specialized polymer materials, services and solutions. The Company’s segments include Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions, and PolyOne Distribution. The Color, Additives and Inks segment provides custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets.

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