PolyOne (POL) Stock Rating Reaffirmed by Oppenheimer

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.

PolyOne (NYSE:POL) last posted its earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The company had revenue of $818.50 million during the quarter, compared to analyst estimates of $789.32 million. PolyOne had a positive return on equity of 27.77% and a negative net margin of 1.87%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.55 EPS. equities research analysts expect that PolyOne will post 2.19 EPS for the current fiscal year.

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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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)

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