PolyOne Corporation (NYSE:POL)‘s stock had its “hold” rating reiterated by research analysts at Jefferies Group LLC in a research note issued on Thursday. They currently have a $42.00 price target on the specialty chemicals company’s stock. Jefferies Group LLC’s price objective would suggest a potential upside of 0.57% from the stock’s current price.

Several other research analysts have also weighed in on POL. CIBC started coverage on PolyOne Corporation in a research report on Thursday, August 17th. They issued an “outperform” rating and a $43.00 target price on the stock. BidaskClub lowered PolyOne Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Robert W. Baird reaffirmed a “buy” rating and issued a $42.00 target price on shares of PolyOne Corporation in a research report on Thursday, October 12th. Oppenheimer Holdings, Inc. started coverage on PolyOne Corporation in a research report on Wednesday, August 16th. They issued an “outperform” rating and a $43.00 target price on the stock. Finally, Zacks Investment Research raised PolyOne Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $42.50.

Shares of PolyOne Corporation (NYSE POL) traded up 1.36% during midday trading on Thursday, hitting $41.76. The stock had a trading volume of 472,840 shares. The stock has a 50-day moving average price of $39.26 and a 200-day moving average price of $37.69. The stock’s market cap is $3.42 billion. PolyOne Corporation has a 12-month low of $28.77 and a 12-month high of $41.78.

PolyOne Corporation (NYSE:POL) last issued its quarterly earnings results on Tuesday, July 25th. The specialty chemicals company reported $0.63 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.63. PolyOne Corporation had a positive return on equity of 25.84% and a negative net margin of 1.75%. The company had revenue of $814.10 million for the quarter, compared to analyst estimates of $812.52 million. During the same quarter in the prior year, the company posted $0.59 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. Equities analysts forecast that PolyOne Corporation will post $2.20 earnings per share for the current year.

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Several institutional investors and hedge funds have recently modified their holdings of POL. UBS Asset Management Americas Inc. raised its position in shares of 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 buying an additional 8,192 shares during the period. Envestnet Asset Management Inc. raised its position in shares of 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 buying an additional 2,126 shares during the period. SG Americas Securities LLC raised its position in shares of 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 buying an additional 4,361 shares during the period. Victory Capital Management Inc. raised its position in shares of PolyOne Corporation by 46.3% in the 1st quarter. Victory Capital Management Inc. now owns 4,223 shares of the specialty chemicals company’s stock worth $144,000 after buying an additional 1,336 shares during the period. Finally, OppenheimerFunds Inc. raised its position in shares of PolyOne Corporation by 28.5% in the 1st quarter. OppenheimerFunds Inc. now owns 26,210 shares of the specialty chemicals company’s stock worth $893,000 after buying an additional 5,814 shares during the period. 93.98% of the stock is currently owned by institutional investors and hedge funds.

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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