PolyOne Corp. (NYSE:POL) had its target price trimmed by Jefferies Group from $40.00 to $36.00 in a research report sent to investors on Wednesday morning. The firm currently has a hold rating on the stock.

POL has been the topic of several other reports. Wellington Shields upgraded shares of PolyOne Corp. from a hold rating to a gradually accumulate rating in a report on Thursday, June 30th. Zacks Investment Research downgraded shares of PolyOne Corp. from a hold rating to a sell rating in a report on Wednesday, September 28th. Finally, Goldman Sachs Group Inc. downgraded shares of PolyOne Corp. from a buy rating to a neutral rating and dropped their target price for the stock from $42.00 to $38.00 in a report on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $37.33.

Analyst Recommendations for PolyOne Corp. (NYSE:POL)

PolyOne Corp. (NYSE:POL) traded down 1.74% during trading on Wednesday, reaching $31.09. 66,141 shares of the company traded hands. The company has a market cap of $2.61 billion, a PE ratio of 19.62 and a beta of 1.41. PolyOne Corp. has a 12 month low of $22.35 and a 12 month high of $38.41. The company’s 50-day moving average is $33.14 and its 200 day moving average is $34.68.

PolyOne Corp. (NYSE:POL) last announced its earnings results on Wednesday, July 27th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.61 by $0.02. The firm had revenue of $861.50 million for the quarter, compared to the consensus estimate of $879.38 million. PolyOne Corp. had a net margin of 4.11% and a return on equity of 25.34%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the company posted $0.57 EPS. On average, analysts anticipate that PolyOne Corp. will post $2.17 earnings per share for the current year.

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of PolyOne Corp. by 2.6% in the second quarter. Vanguard Group Inc. now owns 6,319,569 shares of the company’s stock worth $222,702,000 after buying an additional 157,167 shares during the last quarter. FMR LLC boosted its stake in shares of PolyOne Corp. by 1.1% in the second quarter. FMR LLC now owns 4,060,676 shares of the company’s stock worth $143,098,000 after buying an additional 43,269 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of PolyOne Corp. by 340.8% in the first quarter. Wellington Management Group LLP now owns 3,205,940 shares of the company’s stock worth $96,979,000 after buying an additional 2,478,711 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of PolyOne Corp. by 9.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,726,390 shares of the company’s stock worth $96,078,000 after buying an additional 237,513 shares during the last quarter. Finally, Westfield Capital Management Co. LP boosted its stake in shares of PolyOne Corp. by 15.2% in the second quarter. Westfield Capital Management Co. LP now owns 1,769,227 shares of the company’s stock worth $62,348,000 after buying an additional 233,510 shares during the last quarter. 92.51% of the stock is owned by institutional investors.

About PolyOne Corp.

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