OMNOVA Solutions (OMN) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of OMNOVA Solutions (NYSE:OMN) from a sell rating to a hold rating in a research note issued to investors on Wednesday, February 14th.

According to Zacks, “Omnova Solutions Inc. develops, manufactures and markets emulsion polymers, specialty chemicals and decorative and building products for a variety of industrial, commercial and consumer markets. The Performance Chemicals unit’s broad range of emulsion polymers and specialty chemicals are used as coatings, binders, adhesives, and additives for paper, carpet, textile and various other industries. “

Separately, ValuEngine lowered OMNOVA Solutions from a buy rating to a hold rating in a report on Thursday, November 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. OMNOVA Solutions has a consensus rating of Hold and a consensus price target of $11.67.

Shares of OMNOVA Solutions (NYSE OMN) opened at $10.25 on Wednesday. OMNOVA Solutions has a 52-week low of $8.10 and a 52-week high of $11.60. The stock has a market capitalization of $468.26, a PE ratio of 18.66, a PEG ratio of 1.57 and a beta of 2.10. The company has a debt-to-equity ratio of 9.16, a quick ratio of 1.71 and a current ratio of 2.37.

OMNOVA Solutions (NYSE:OMN) last announced its earnings results on Wednesday, January 31st. The specialty chemicals company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.03). The business had revenue of $186.30 million for the quarter, compared to analysts’ expectations of $192.15 million. OMNOVA Solutions had a positive return on equity of 25.30% and a negative net margin of 11.20%. The firm’s revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 earnings per share. research analysts predict that OMNOVA Solutions will post 0.67 EPS for the current year.

Several large investors have recently bought and sold shares of OMN. Teacher Retirement System of Texas acquired a new position in shares of OMNOVA Solutions during the fourth quarter worth approximately $156,000. Stevens Capital Management LP acquired a new position in shares of OMNOVA Solutions during the third quarter worth approximately $166,000. We Are One Seven LLC acquired a new position in shares of OMNOVA Solutions during the fourth quarter worth approximately $167,000. Nine Chapters Capital Management LLC acquired a new position in shares of OMNOVA Solutions during the third quarter worth approximately $181,000. Finally, MetLife Investment Advisors LLC acquired a new position in shares of OMNOVA Solutions during the fourth quarter worth approximately $228,000. 87.66% of the stock is owned by institutional investors.

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OMNOVA Solutions Company Profile

OMNOVA Solutions Inc is a provider of emulsion polymers, specialty chemicals and engineered surfaces for commercial, industrial and residential end uses. The Company’s segments include Performance Chemicals and Engineered Surfaces. The Performance Chemicals segment produces a range of emulsion polymers and specialty chemicals based on styrene butadiene, styrene butadiene acrylonitrile, styrene butadiene vinyl pyridine, nitrile butadiene, polyvinyl acetate, acrylic, styrene acrylic, vinyl acrylic, glyoxal, fluorochemical and bio-based chemistries.

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