PolyOne (POL) Downgraded by Robert W. Baird to “Neutral”

Robert W. Baird lowered shares of PolyOne (NYSE:POL) from an outperform rating to a neutral rating in a report published on Tuesday morning. They currently have $46.00 target price on the specialty chemicals company’s stock.

Other research analysts have also issued reports about the company. Zacks Investment Research raised PolyOne from a sell rating to a hold rating in a research report on Friday, October 27th. KeyCorp set a $47.00 price target on PolyOne and gave the stock a buy rating in a research report on Thursday, October 26th. Jefferies Group reissued a hold rating and issued a $42.00 price target on shares of PolyOne in a research report on Thursday, October 19th. 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 issued a $42.00 price target on shares of PolyOne in a research report on Friday, October 27th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $44.57.

PolyOne (NYSE POL) traded down $1.74 on Tuesday, hitting $43.91. The stock had a trading volume of 638,800 shares, compared to its average volume of 351,010. The company has a market cap of $3,688.71, a price-to-earnings ratio of -57.78, a price-to-earnings-growth ratio of 1.85 and a beta of 1.84. The company has a current ratio of 1.96, a quick ratio of 1.38 and a debt-to-equity ratio of 2.32. PolyOne has a 52-week low of $31.68 and a 52-week high of $46.79.

PolyOne (NYSE:POL) last released its quarterly earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The firm had revenue of $818.50 million during the quarter, compared to analyst estimates of $789.32 million. PolyOne had a positive return on equity of 27.77% and a negative net margin of 1.87%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.55 EPS. research analysts forecast that PolyOne will post 2.19 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in POL. Acrospire Investment Management LLC increased its position in PolyOne by 85.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,601 shares of the specialty chemicals company’s stock valued at $101,000 after buying an additional 1,200 shares in the last quarter. Advisor Group Inc. increased its position in PolyOne by 2.6% during the 2nd quarter. Advisor Group Inc. now owns 3,254 shares of the specialty chemicals company’s stock valued at $126,000 after buying an additional 84 shares in the last quarter. Quantbot Technologies LP acquired a new position in PolyOne during the 2nd quarter valued at about $143,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in PolyOne by 8.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,063 shares of the specialty chemicals company’s stock valued at $157,000 after buying an additional 317 shares in the last quarter. Finally, World Asset Management Inc acquired a new position in PolyOne during the 3rd quarter valued at about $209,000. 93.67% of the stock is currently owned by institutional investors.

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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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