PolyOne Corporation (NYSE:POL)‘s stock had its “hold” rating reiterated by Jefferies Group LLC in a research note issued on Friday. They currently have a $42.00 price target on the specialty chemicals company’s stock. Jefferies Group LLC’s price objective points to a potential upside of 12.63% from the company’s current price.

Several other equities analysts have also weighed in on POL. CIBC assumed coverage on shares of PolyOne Corporation in a research report on Thursday, August 17th. They set an “outperform” rating and a $43.00 price objective on the stock. Zacks Investment Research raised shares of PolyOne Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. BidaskClub raised shares of PolyOne Corporation from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Finally, Oppenheimer Holdings, Inc. assumed coverage on shares of PolyOne Corporation in a research report on Wednesday, August 16th. They set an “outperform” rating and a $43.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $41.60.

PolyOne Corporation (NYSE:POL) traded up 0.40% during midday trading on Friday, reaching $37.29. 716,947 shares of the company’s stock traded hands. The company’s 50-day moving average price is $36.37 and its 200 day moving average price is $36.49. PolyOne Corporation has a 52 week low of $28.77 and a 52 week high of $40.88. The stock’s market capitalization is $3.05 billion.

PolyOne Corporation (NYSE:POL) last issued its quarterly earnings data on Tuesday, July 25th. The specialty chemicals company reported $0.63 earnings per share for the quarter, meeting the consensus estimate of $0.63. The firm had revenue of $814.10 million for the quarter, compared to analyst estimates of $812.52 million. PolyOne Corporation had a negative net margin of 1.75% and a positive return on equity of 25.84%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.59 earnings per share. On average, equities research analysts expect that PolyOne Corporation will post $2.21 earnings per share for the current year.

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A number of institutional investors and hedge funds have recently modified their holdings of POL. BlackRock Inc. raised its position in shares of PolyOne Corporation by 13,264.4% in the first quarter. BlackRock Inc. now owns 9,786,179 shares of the specialty chemicals company’s stock valued at $333,610,000 after purchasing an additional 9,712,953 shares during the period. Vanguard Group Inc. raised its position in shares of PolyOne Corporation by 4.4% in the first quarter. Vanguard Group Inc. now owns 7,030,120 shares of the specialty chemicals company’s stock valued at $239,657,000 after purchasing an additional 295,988 shares during the period. BlackRock Fund Advisors raised its position in shares of PolyOne Corporation by 5.6% in the third quarter. BlackRock Fund Advisors now owns 4,502,586 shares of the specialty chemicals company’s stock valued at $152,232,000 after purchasing an additional 239,390 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of PolyOne Corporation by 22.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,339,076 shares of the specialty chemicals company’s stock valued at $112,894,000 after purchasing an additional 612,686 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of PolyOne Corporation by 340.8% in the first quarter. Wellington Management Group LLP now owns 3,205,940 shares of the specialty chemicals company’s stock valued at $96,979,000 after purchasing an additional 2,478,711 shares during the period. 94.37% of the stock is currently owned by hedge funds and other institutional investors.

About PolyOne Corporation

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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