OMNOVA Solutions Inc. (NYSE:OMN) has earned a consensus recommendation of “Hold” from the six brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $12.00.

A number of research firms have weighed in on OMN. Zacks Investment Research cut OMNOVA Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. ValuEngine raised OMNOVA Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. KeyCorp reissued a “hold” rating on shares of OMNOVA Solutions in a research report on Friday, September 29th. Finally, Jefferies Group reissued a “buy” rating and set a $12.00 price target on shares of OMNOVA Solutions in a research report on Thursday, October 12th.

Several hedge funds have recently bought and sold shares of the company. Acrospire Investment Management LLC raised its position in OMNOVA Solutions by 2.2% in the second quarter. Acrospire Investment Management LLC now owns 13,632 shares of the specialty chemicals company’s stock valued at $133,000 after purchasing an additional 288 shares during the period. Citigroup Inc. raised its position in OMNOVA Solutions by 3.6% in the second quarter. Citigroup Inc. now owns 27,344 shares of the specialty chemicals company’s stock valued at $267,000 after purchasing an additional 954 shares during the period. The Manufacturers Life Insurance Company raised its position in OMNOVA Solutions by 4.7% in the second quarter. The Manufacturers Life Insurance Company now owns 36,089 shares of the specialty chemicals company’s stock valued at $352,000 after purchasing an additional 1,614 shares during the period. Voya Investment Management LLC raised its position in OMNOVA Solutions by 11.8% in the second quarter. Voya Investment Management LLC now owns 27,727 shares of the specialty chemicals company’s stock valued at $270,000 after purchasing an additional 2,917 shares during the period. Finally, Nordea Investment Management AB raised its position in OMNOVA Solutions by 0.8% in the second quarter. Nordea Investment Management AB now owns 385,200 shares of the specialty chemicals company’s stock valued at $3,756,000 after purchasing an additional 3,100 shares during the period. Institutional investors and hedge funds own 88.89% of the company’s stock.

Shares of OMNOVA Solutions (NYSE:OMN) opened at $10.00 on Friday. The company has a quick ratio of 1.71, a current ratio of 2.38 and a debt-to-equity ratio of 2.78. The stock has a market capitalization of $471.57, a price-to-earnings ratio of -76.92, a P/E/G ratio of 1.52 and a beta of 2.18. OMNOVA Solutions has a 1-year low of $8.10 and a 1-year high of $11.60.

OMNOVA Solutions (NYSE:OMN) last released its quarterly earnings data on Thursday, September 28th. The specialty chemicals company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.07. The business had revenue of $200.90 million during the quarter, compared to analysts’ expectations of $203.12 million. OMNOVA Solutions had a positive return on equity of 22.71% and a negative net margin of 0.78%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 EPS. research analysts forecast that OMNOVA Solutions will post 0.62 earnings per share for the current fiscal year.

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OMNOVA Solutions Company Profile

OMNOVA Solutions Inc is a provider of emulsion polymers, specialty chemicals and engineered surfaces for commercial, industrial and residential end uses. The Company’s segments include Performance Chemicals and Engineered Surfaces. The Performance Chemicals segment produces a range of emulsion polymers and specialty chemicals based on styrene butadiene, styrene butadiene acrylonitrile, styrene butadiene vinyl pyridine, nitrile butadiene, polyvinyl acetate, acrylic, styrene acrylic, vinyl acrylic, glyoxal, fluorochemical and bio-based chemistries.

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