Weekly Investment Analysts’ Ratings Updates for Olin (OLN)

A number of research firms have changed their ratings and price targets for Olin (NYSE: OLN):

  • 2/12/2018 – Olin had its price target lowered by analysts at Morgan Stanley from $45.00 to $41.00. They now have an “overweight” rating on the stock.
  • 2/12/2018 – Olin was given a new $40.00 price target on by analysts at Citigroup Inc. They now have a “buy” rating on the stock.
  • 2/9/2018 – Olin had its “buy” rating reaffirmed by analysts at Cowen Inc. They now have a $41.00 price target on the stock.
  • 2/9/2018 – Olin was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Olin Corporation is a leading vertically-integrated global manufacturer and distributor of chemical products and a leading U.S. manufacturer of ammunition. Olin are a manufacturer concentrated in three business segments: Chlor Alkali Products and Vinyls, Epoxy and Winchester. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products and potassium hydroxide. The Epoxy segment produces and sells a full range of epoxy materials, including allyl chloride, epichlorohydrin, liquid epoxy resins and downstream products such as converted epoxy resins and additives. The Winchester segment produces and sells sporting ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges. “
  • 2/8/2018 – Olin had its price target lowered by analysts at Nomura from $43.00 to $40.00. They now have a “buy” rating on the stock.
  • 1/19/2018 – Olin was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $41.00 price target on the stock. According to Zacks, “Olin Corporation is a manufacturer concentrated in three business segments: Chlor Alkali Products, Chemical Distribution and Winchester. Chlor Alkali Products, with eight U.S. manufacturing facilities and one Canadian manufacturing facility, produces chlorine and caustic soda, hydrochloric acid, hydrogen, bleach products and potassium hydroxide. Chemical Distribution manufactures bleach products and distributes caustic soda, bleach products, potassium hydroxide and hydrochloric acid. Winchester, with its principal manufacturing facilities in East Alton, IL and Oxford, MS, produces and distributes sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges. The company markets its products through its sales force, as well as directly to various industrial customers, mass merchants, retailers, wholesalers, other distributors, and the U.S. Government and its prime contractors. “
  • 1/17/2018 – Olin was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Olin Corporation is a manufacturer concentrated in three business segments: Chlor Alkali Products, Chemical Distribution and Winchester. Chlor Alkali Products, with eight U.S. manufacturing facilities and one Canadian manufacturing facility, produces chlorine and caustic soda, hydrochloric acid, hydrogen, bleach products and potassium hydroxide. Chemical Distribution manufactures bleach products and distributes caustic soda, bleach products, potassium hydroxide and hydrochloric acid. Winchester, with its principal manufacturing facilities in East Alton, IL and Oxford, MS, produces and distributes sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges. The company markets its products through its sales force, as well as directly to various industrial customers, mass merchants, retailers, wholesalers, other distributors, and the U.S. Government and its prime contractors. “
  • 1/12/2018 – Olin was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $42.00 price target on the stock. According to Zacks, “Olin Corporation is a manufacturer concentrated in three business segments: Chlor Alkali Products, Chemical Distribution and Winchester. Chlor Alkali Products, with eight U.S. manufacturing facilities and one Canadian manufacturing facility, produces chlorine and caustic soda, hydrochloric acid, hydrogen, bleach products and potassium hydroxide. Chemical Distribution manufactures bleach products and distributes caustic soda, bleach products, potassium hydroxide and hydrochloric acid. Winchester, with its principal manufacturing facilities in East Alton, IL and Oxford, MS, produces and distributes sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges. The company markets its products through its sales force, as well as directly to various industrial customers, mass merchants, retailers, wholesalers, other distributors, and the U.S. Government and its prime contractors. “
  • 1/9/2018 – Olin is now covered by analysts at Morgan Stanley. They set an “overweight” rating and a $45.00 price target on the stock.
  • 1/3/2018 – Olin was upgraded by analysts at Vertical Research from a “hold” rating to a “buy” rating.
  • 12/14/2017 – Olin had its “buy” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $42.00 price target on the stock.

Shares of Olin Co. (NYSE:OLN) traded up $0.53 during mid-day trading on Monday, hitting $31.08. 1,084,452 shares of the stock were exchanged, compared to its average volume of 2,304,829. Olin Co. has a 12 month low of $27.79 and a 12 month high of $38.84. The firm has a market capitalization of $5,104.90, a price-to-earnings ratio of 9.59, a price-to-earnings-growth ratio of 0.95 and a beta of 1.36. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.78 and a quick ratio of 1.07.

Olin (NYSE:OLN) last announced its earnings results on Tuesday, February 6th. The specialty chemicals company reported $2.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $2.45. The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.53 billion. Olin had a net margin of 8.77% and a return on equity of 6.02%. Olin’s quarterly revenue was up 16.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.11 earnings per share. equities research analysts anticipate that Olin Co. will post 2.34 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 9th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend is Thursday, February 8th. Olin’s dividend payout ratio (DPR) is 24.69%.

In related news, EVP John L. Mcintosh sold 9,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $35.42, for a total transaction of $336,490.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.90% of the company’s stock.

Olin Corporation is a manufacturer and distributor of chemical products, and ammunition. The Company operates through three segments: Chlor Alkali Products and Vinyls, Epoxy and Winchester. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products and potassium hydroxide.

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