PolyOne Corporation (NYSE:POL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Friday.

According to Zacks, “PolyOne Corporation is an international polymer services company with operations in thermoplastic compounds, specialty resins, specialty polymer formulations, engineered films, color and additive systems, elastomer compounding and thermoplastic resin distribution. PolyOne was formed from the consolidation of the former M.A. Hanna Company and The Geon Company. Information on the Company’s products and services can be found at www.polyone.com. “

Several other research firms have also issued reports on POL. BidaskClub upgraded shares of PolyOne Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. TheStreet upgraded shares of PolyOne Corporation from a “c+” rating to a “b-” rating in a report on Monday, April 24th. CIBC assumed coverage on shares of PolyOne Corporation in a report on Thursday. They set an “outperform” rating and a $43.00 target price for the company. Finally, Oppenheimer Holdings, Inc. assumed coverage on shares of PolyOne Corporation in a report on Wednesday. They set an “outperform” rating and a $43.00 target price for the company. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $40.80.

Shares of PolyOne Corporation (POL) opened at 36.24 on Friday. The stock’s market capitalization is $2.96 billion. The stock has a 50 day moving average price of $37.32 and a 200 day moving average price of $36.17. PolyOne Corporation has a 52 week low of $28.77 and a 52 week high of $40.88.

PolyOne Corporation (NYSE:POL) last released its earnings results on Tuesday, July 25th. The specialty chemicals company reported $0.63 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ 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 firm had revenue of $814.10 million during the quarter, compared to analyst estimates of $812.52 million. During the same period last year, the business earned $0.59 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. On average, equities research analysts expect that PolyOne Corporation will post $2.21 EPS for the current year.

TRADEMARK VIOLATION WARNING: “PolyOne Corporation (POL) Upgraded to Hold at Zacks Investment Research” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/08/18/polyone-corporation-pol-upgraded-to-hold-at-zacks-investment-research.html.

A number of institutional investors have recently made changes to their positions in the company. OLD National Bancorp IN purchased a new position in shares of PolyOne Corporation during the first quarter worth $565,000. Shaker Investments LLC OH raised its position in shares of PolyOne Corporation by 14.5% in the first quarter. Shaker Investments LLC OH now owns 28,030 shares of the specialty chemicals company’s stock worth $956,000 after buying an additional 3,550 shares during the last quarter. Great West Life Assurance Co. Can raised its position in shares of PolyOne Corporation by 2.6% in the first quarter. Great West Life Assurance Co. Can now owns 49,563 shares of the specialty chemicals company’s stock worth $1,688,000 after buying an additional 1,235 shares during the last quarter. Bowling Portfolio Management LLC purchased a new position in shares of PolyOne Corporation during the first quarter worth $240,000. Finally, Channing Capital Management LLC raised its position in shares of PolyOne Corporation by 11.5% in the first quarter. Channing Capital Management LLC now owns 2,182,877 shares of the specialty chemicals company’s stock worth $74,414,000 after buying an additional 225,911 shares during the last quarter. Institutional investors own 97.03% of the company’s stock.

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.

Get a free copy of the Zacks research report on PolyOne Corporation (POL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for PolyOne Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PolyOne Corporation and related companies with MarketBeat.com's FREE daily email newsletter.