PolyOne (NYSE:POL)‘s stock had its “buy” rating reiterated by stock analysts at KeyCorp in a report issued on Monday. They presently have a $50.00 target price on the specialty chemicals company’s stock. KeyCorp’s price target would suggest a potential upside of 14.42% from the company’s current price.
Several other equities analysts also recently weighed in on the company. Zacks Investment Research downgraded PolyOne from a “buy” rating to a “hold” rating in a research report on Wednesday, January 24th. Oppenheimer reissued a “buy” rating and set a $47.00 price target on shares of PolyOne in a research report on Tuesday, January 23rd. Robert W. Baird downgraded PolyOne from an “outperform” rating to a “neutral” rating and set a $46.00 price target for the company. in a research report on Tuesday, January 16th. ValuEngine raised PolyOne from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, SunTrust Banks reissued a “buy” rating and set a $42.00 price target on shares of PolyOne in a research report on Friday, October 27th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. PolyOne currently has a consensus rating of “Buy” and a consensus price target of $45.71.
PolyOne (POL) opened at $43.70 on Monday. The company has a current ratio of 1.87, a quick ratio of 1.29 and a debt-to-equity ratio of 2.13. The firm has a market capitalization of $3,531.15, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 1.76 and a beta of 1.84. PolyOne has a 1 year low of $32.43 and a 1 year high of $47.48.
Hedge funds have recently bought and sold shares of the company. Advisor Group Inc. boosted its holdings in shares of PolyOne by 2.6% during the second quarter. Advisor Group Inc. now owns 3,254 shares of the specialty chemicals company’s stock worth $126,000 after purchasing an additional 84 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of PolyOne during the second quarter worth $143,000. World Asset Management Inc acquired a new stake in shares of PolyOne during the third quarter worth $209,000. Rehmann Capital Advisory Group acquired a new stake in shares of PolyOne during the third quarter worth $211,000. Finally, Shelton Capital Management acquired a new stake in shares of PolyOne during the second quarter worth $246,000. 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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