PolyOne (NYSE:POL)‘s stock had its “buy” rating reiterated by equities researchers at Oppenheimer in a research report issued to clients and investors on Tuesday. They currently have a $47.00 price objective on the specialty chemicals company’s stock. Oppenheimer’s price target would indicate a potential upside of 4.42% from the stock’s current price.
Several other research firms have also issued reports on POL. Robert W. Baird lowered PolyOne from an “outperform” rating to a “neutral” rating and set a $46.00 target price for the company. in a research report on Tuesday, January 16th. SunTrust Banks restated a “buy” rating and set a $42.00 target price on shares of PolyOne in a research report on Friday, October 27th. Zacks Investment Research upgraded PolyOne from a “sell” rating to a “hold” rating in a report on Friday, October 27th. KeyCorp set a $47.00 price objective on PolyOne and gave the company a “buy” rating in a report on Thursday, October 26th. Finally, ValuEngine upgraded PolyOne from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $45.29.
PolyOne (NYSE POL) traded up $0.24 during trading on Tuesday, hitting $45.01. The stock had a trading volume of 270,800 shares, compared to its average volume of 367,929. The firm has a market cap of $3,617.60, a price-to-earnings ratio of -59.22, a P/E/G ratio of 1.81 and a beta of 1.84. PolyOne has a 52 week low of $31.78 and a 52 week high of $46.79. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.96 and a quick ratio of 1.38.
Several large investors have recently added to or reduced their stakes in POL. Advisor Group Inc. lifted its holdings in shares of PolyOne by 2.6% during the 2nd quarter. Advisor Group Inc. now owns 3,254 shares of the specialty chemicals company’s stock valued at $126,000 after purchasing an additional 84 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of PolyOne during the 2nd quarter valued at about $143,000. World Asset Management Inc bought a new position in shares of PolyOne during the 3rd quarter valued at about $209,000. Rehmann Capital Advisory Group bought a new position in shares of PolyOne during the 3rd quarter valued at about $211,000. Finally, Neuberger Berman Group LLC bought a new position in shares of PolyOne during the 2nd quarter valued at about $220,000. Institutional investors and hedge funds own 93.72% of the company’s stock.
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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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