PolyOne Co. (NYSE:POL) has been assigned a consensus rating of “Buy” from the ten ratings firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $43.17.

A number of equities research analysts recently weighed in on the stock. SunTrust Banks reaffirmed a “buy” rating and set a $42.00 price objective on shares of PolyOne in a research report on Friday, October 27th. Jefferies Group reaffirmed a “hold” rating and set a $42.00 price objective on shares of PolyOne in a research report on Thursday, October 19th. ValuEngine raised shares of PolyOne from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research raised shares of PolyOne from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $42.00 price objective on shares of PolyOne in a research report on Thursday, October 12th.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Prudential Financial Inc. grew its position in PolyOne by 46.9% in the 3rd quarter. Prudential Financial Inc. now owns 751,003 shares of the specialty chemicals company’s stock worth $30,062,000 after purchasing an additional 239,700 shares during the last quarter. Nomura Holdings Inc. bought a new position in PolyOne in the 2nd quarter worth about $471,000. WBI Investments Inc. grew its position in PolyOne by 13.7% in the 2nd quarter. WBI Investments Inc. now owns 23,084 shares of the specialty chemicals company’s stock worth $894,000 after purchasing an additional 2,783 shares during the last quarter. Legal & General Group Plc grew its position in PolyOne by 14.2% in the 2nd quarter. Legal & General Group Plc now owns 89,085 shares of the specialty chemicals company’s stock worth $3,455,000 after purchasing an additional 11,082 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in PolyOne by 7.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 561,286 shares of the specialty chemicals company’s stock worth $21,745,000 after purchasing an additional 38,169 shares during the last quarter. Hedge funds and other institutional investors own 93.67% of the company’s stock.

Shares of PolyOne (NYSE:POL) opened at $45.65 on Friday. The stock has a market cap of $3,650.00, a PE ratio of 21.84, a PEG ratio of 1.85 and a beta of 1.83. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.96 and a quick ratio of 1.38. PolyOne has a 12 month low of $31.68 and a 12 month high of $46.79.

PolyOne (NYSE:POL) last issued its earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. PolyOne had a negative net margin of 1.87% and a positive return on equity of 27.77%. The business had revenue of $818.50 million for the quarter, compared to analyst estimates of $789.32 million. During the same quarter in the prior year, the business posted $0.55 EPS. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. sell-side analysts forecast that PolyOne will post 2.19 earnings per share for the current year.

WARNING: “PolyOne Co. (POL) Receives Consensus Recommendation of “Buy” from Brokerages” was posted by American Banking News and is the property of of American Banking News. If you are reading this report on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.americanbankingnews.com/2018/01/13/polyone-co-pol-receives-consensus-recommendation-of-buy-from-brokerages.html.

About PolyOne

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.

Analyst Recommendations for PolyOne (NYSE:POL)

Receive News & Ratings for PolyOne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PolyOne and related companies with MarketBeat.com's FREE daily email newsletter.