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.
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