PolyOne Co. (POL) Given Average Rating of “Buy” by Brokerages

PolyOne Co. (NYSE:POL) has been given an average rating of “Buy” by the eleven ratings firms that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $45.60.

A number of research analysts recently issued reports on the stock. Northcoast Research reiterated a “neutral” rating on shares of PolyOne in a research note on Monday, January 29th. KeyCorp reiterated a “buy” rating and issued a $50.00 price target on shares of PolyOne in a research note on Monday, January 29th. ValuEngine upgraded shares of PolyOne from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Oppenheimer reiterated a “buy” rating and issued a $47.00 price target on shares of PolyOne in a research note on Tuesday, January 23rd. Finally, SunTrust Banks reiterated a “buy” rating on shares of PolyOne in a research note on Monday, January 29th.

PolyOne (POL) opened at $41.66 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.87 and a debt-to-equity ratio of 2.13. The firm has a market cap of $3,464.89, a P/E ratio of -59.51, a P/E/G ratio of 1.65 and a beta of 1.75. PolyOne has a twelve month low of $32.43 and a twelve month high of $47.48.

PolyOne (NYSE:POL) last issued its quarterly earnings results on Friday, January 26th. The specialty chemicals company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. PolyOne had a negative net margin of 1.73% and a positive return on equity of 29.46%. The company had revenue of $801.00 million during the quarter, compared to the consensus estimate of $739.77 million. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. research analysts expect that PolyOne will post 2.54 EPS for the current fiscal year.

Several large investors have recently modified their holdings of POL. Victory Capital Management Inc. lifted its position in shares of PolyOne by 42.7% during the 3rd quarter. Victory Capital Management Inc. now owns 1,673,185 shares of the specialty chemicals company’s stock worth $66,978,000 after buying an additional 500,506 shares during the last quarter. American Century Companies Inc. lifted its position in shares of PolyOne by 72.8% during the 3rd quarter. American Century Companies Inc. now owns 1,069,954 shares of the specialty chemicals company’s stock worth $42,830,000 after buying an additional 450,916 shares during the last quarter. Mesirow Financial Investment Management Equity Management purchased a new stake in shares of PolyOne during the 4th quarter worth approximately $18,238,000. Wells Fargo & Company MN lifted its position in shares of PolyOne by 11.8% during the 3rd quarter. Wells Fargo & Company MN now owns 2,343,438 shares of the specialty chemicals company’s stock worth $93,808,000 after buying an additional 246,918 shares during the last quarter. Finally, Prudential Financial Inc. lifted its position in shares of PolyOne by 46.9% during the 3rd quarter. Prudential Financial Inc. now owns 751,003 shares of the specialty chemicals company’s stock worth $30,062,000 after buying an additional 239,700 shares during the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.

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PolyOne Company Profile

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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