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.
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