PolyOne (POL) Earns Buy Rating from KeyCorp

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.

PolyOne (NYSE:POL) last released its quarterly earnings results on Friday, January 26th. The specialty chemicals company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. The company had revenue of $801.00 million during the quarter, compared to the consensus estimate of $739.77 million. PolyOne had a positive return on equity of 29.46% and a negative net margin of 1.73%. PolyOne’s revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 earnings per share. sell-side analysts forecast that PolyOne will post 2.5 EPS for the current fiscal year.

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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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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