Traders Buy High Volume of PolyOne Call Options (POL)
PolyOne Corporation (NYSE:POL) was the recipient of unusually large options trading on Monday. Traders acquired 1,308 call options on the stock. This represents an increase of approximately 1,146% compared to the typical volume of 105 call options.
Shares of PolyOne (NYSE POL) opened at $44.72 on Thursday. The firm has a market capitalization of $3,568.31, a P/E ratio of 20.26, a P/E/G ratio of 2.03 and a beta of 1.83. PolyOne has a 52 week low of $31.68 and a 52 week high of $46.79. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.38 and a current ratio of 1.96.
PolyOne (NYSE:POL) last posted its earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.03. PolyOne had a positive return on equity of 27.77% and a negative net margin of 1.87%. The firm had revenue of $818.50 million during the quarter, compared to analysts’ expectations of $789.32 million. During the same quarter in the previous year, the business earned $0.55 earnings per share. The firm’s revenue was up 9.6% compared to the same quarter last year. analysts forecast that PolyOne will post 2.19 EPS for the current year.
Several research firms recently weighed in on POL. SunTrust Banks restated a “buy” rating and set a $42.00 target price on shares of PolyOne in a research note on Friday, October 27th. Zacks Investment Research cut PolyOne from a “hold” rating to a “sell” rating in a research note on Thursday, August 31st. Jefferies Group restated a “hold” rating and set a $42.00 target price on shares of PolyOne in a research note on Thursday, October 19th. Oppenheimer began coverage on PolyOne in a research note on Wednesday, August 16th. They set an “outperform” rating and a $43.00 target price for the company. Finally, Robert W. Baird restated a “buy” rating and set a $42.00 target price on shares of PolyOne in a research note on Thursday, October 12th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $43.17.
Hedge funds and other institutional investors have recently modified their holdings of the business. Acrospire Investment Management LLC lifted its stake in PolyOne by 85.7% in the second quarter. Acrospire Investment Management LLC now owns 2,601 shares of the specialty chemicals company’s stock valued at $101,000 after buying an additional 1,200 shares during the last quarter. Advisor Group Inc. lifted its stake in PolyOne by 2.6% in the second quarter. Advisor Group Inc. now owns 3,254 shares of the specialty chemicals company’s stock valued at $126,000 after buying an additional 84 shares during the last quarter. Quantbot Technologies LP purchased a new stake in PolyOne in the second quarter valued at approximately $143,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in PolyOne by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,063 shares of the specialty chemicals company’s stock valued at $157,000 after buying an additional 317 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. lifted its stake in PolyOne by 215.0% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,249 shares of the specialty chemicals company’s stock valued at $165,000 after buying an additional 2,900 shares during the last quarter. Institutional investors own 93.80% of the company’s stock.
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PolyOne 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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