PolyOne Corporation’s (POL) Hold Rating Reiterated at Jefferies Group LLC

PolyOne Corporation (NYSE:POL)‘s stock had its “hold” rating reissued by research analysts at Jefferies Group LLC in a research note issued to investors on Thursday, October 19th. They currently have a $42.00 target price on the specialty chemicals company’s stock. Jefferies Group LLC’s price objective suggests a potential downside of 7.04% from the company’s previous close.

Other equities research analysts have also issued reports about the company. CIBC began coverage on PolyOne Corporation in a research report on Thursday, August 17th. They issued an “outperform” rating and a $43.00 price objective on the stock. BidaskClub lowered PolyOne Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Oppenheimer Holdings, Inc. began coverage on PolyOne Corporation in a research report on Wednesday, August 16th. They issued an “outperform” rating and a $43.00 price objective on the stock. Zacks Investment Research upgraded PolyOne Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $42.00 price objective on shares of PolyOne Corporation in a research report on Thursday, October 12th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $43.17.

Shares of PolyOne Corporation (NYSE:POL) opened at 45.18 on Thursday. The company’s market cap is $3.70 billion. The firm has a 50-day moving average of $39.71 and a 200 day moving average of $37.91. PolyOne Corporation has a one year low of $28.85 and a one year high of $45.32.

PolyOne Corporation (NYSE:POL) last posted its quarterly earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.03. The business had revenue of $818.50 million for the quarter, compared to analyst estimates of $789.32 million. PolyOne Corporation had a positive return on equity of 27.77% and a negative net margin of 1.87%. PolyOne Corporation’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the company earned $0.55 EPS. Equities research analysts anticipate that PolyOne Corporation will post $2.20 EPS for the current year.

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A number of large investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in PolyOne Corporation by 13,264.4% during the first quarter. BlackRock Inc. now owns 9,786,179 shares of the specialty chemicals company’s stock valued at $333,610,000 after buying an additional 9,712,953 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of PolyOne Corporation by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 7,030,120 shares of the specialty chemicals company’s stock worth $239,657,000 after purchasing an additional 295,988 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of PolyOne Corporation by 3.1% in the 2nd quarter. Alliancebernstein L.P. now owns 3,090,961 shares of the specialty chemicals company’s stock worth $119,744,000 after purchasing an additional 92,253 shares in the last quarter. State Street Corp increased its holdings in shares of PolyOne Corporation by 3.2% in the 2nd quarter. State Street Corp now owns 2,778,681 shares of the specialty chemicals company’s stock worth $107,643,000 after purchasing an additional 86,473 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of PolyOne Corporation by 12.0% in the 2nd quarter. Wells Fargo & Company MN now owns 2,096,520 shares of the specialty chemicals company’s stock worth $81,220,000 after purchasing an additional 225,312 shares in the last quarter. Institutional investors and hedge funds own 94.16% of the company’s stock.

PolyOne Corporation 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 Corporation (NYSE:POL)

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