PolyOne Corporation (NYSE:POL)‘s stock had its “buy” rating reaffirmed by stock analysts at Robert W. Baird in a note issued to investors on Thursday. They presently have a $42.00 target price on the specialty chemicals company’s stock. Robert W. Baird’s price objective would suggest a potential upside of 2.66% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. CIBC assumed coverage on shares of PolyOne Corporation in a report on Thursday, August 17th. They issued an “outperform” rating and a $43.00 target price for the company. BidaskClub downgraded shares of PolyOne Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Oppenheimer Holdings, Inc. assumed coverage on shares of PolyOne Corporation in a report on Wednesday, August 16th. They issued an “outperform” rating and a $43.00 target price for the company. Zacks Investment Research upgraded shares of PolyOne Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $42.00 target price on shares of PolyOne Corporation in a report on Friday, September 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $42.50.

Shares of PolyOne Corporation (NYSE POL) traded up 0.07% on Thursday, hitting $40.94. 77,215 shares of the company traded hands. PolyOne Corporation has a 1-year low of $28.77 and a 1-year high of $41.24. The firm’s market capitalization is $3.35 billion. The firm’s 50-day moving average is $38.24 and its 200 day moving average is $37.34.

PolyOne Corporation (NYSE:POL) last announced its earnings results on Tuesday, July 25th. The specialty chemicals company reported $0.63 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.63. The business had revenue of $814.10 million during the quarter, compared to the consensus estimate of $812.52 million. PolyOne Corporation had a negative net margin of 1.75% and a positive return on equity of 25.84%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 earnings per share. On average, analysts anticipate that PolyOne Corporation will post $2.21 earnings per share for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in POL. First Trust Advisors LP boosted its position in PolyOne Corporation by 67.4% in the 1st quarter. First Trust Advisors LP now owns 59,276 shares of the specialty chemicals company’s stock worth $2,021,000 after purchasing an additional 23,869 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in PolyOne Corporation by 18.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 51,457 shares of the specialty chemicals company’s stock worth $1,754,000 after purchasing an additional 8,192 shares in the last quarter. Karp Capital Management Corp purchased a new stake in PolyOne Corporation in the 1st quarter worth approximately $654,000. Envestnet Asset Management Inc. boosted its position in PolyOne Corporation by 76.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,895 shares of the specialty chemicals company’s stock worth $167,000 after purchasing an additional 2,126 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in PolyOne Corporation by 50.6% in the 1st quarter. SG Americas Securities LLC now owns 12,976 shares of the specialty chemicals company’s stock worth $442,000 after purchasing an additional 4,361 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

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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