PolyOne Corp. (POL) Receives Average Recommendation of “Hold” from Brokerages
PolyOne Corp. (NYSE:POL) has been given an average rating of “Hold” by the nine brokerages that are presently covering the stock. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $37.00.
A number of brokerages have commented on POL. Goldman Sachs Group Inc. cut PolyOne Corp. from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $42.00 to $38.00 in a research note on Wednesday, July 27th. Jefferies Group reaffirmed a “hold” rating on shares of PolyOne Corp. in a research note on Wednesday, July 6th. Wellington Shields raised PolyOne Corp. from a “hold” rating to a “gradually accumulate” rating in a research note on Thursday, June 30th. Finally, Zacks Investment Research cut PolyOne Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th.
Several large investors have recently added to or reduced their stakes in POL. Victory Capital Management Inc. raised its stake in PolyOne Corp. by 77.3% in the second quarter. Victory Capital Management Inc. now owns 2,830 shares of the company’s stock valued at $100,000 after buying an additional 1,234 shares in the last quarter. Creative Planning raised its stake in PolyOne Corp. by 57.8% in the third quarter. Creative Planning now owns 2,961 shares of the company’s stock valued at $100,000 after buying an additional 1,085 shares in the last quarter. LS Investment Advisors LLC raised its stake in PolyOne Corp. by 71.7% in the second quarter. LS Investment Advisors LLC now owns 5,076 shares of the company’s stock valued at $179,000 after buying an additional 2,119 shares in the last quarter. Capstone Asset Management Co. purchased a new stake in PolyOne Corp. during the second quarter valued at $202,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in PolyOne Corp. during the second quarter valued at $205,000. Institutional investors own 92.51% of the company’s stock.
PolyOne Corp. (NYSE:POL) traded down 1.77% during midday trading on Thursday, reaching $31.08. The company had a trading volume of 145,507 shares. The company has a 50-day moving average of $33.14 and a 200-day moving average of $34.68. The stock has a market capitalization of $2.61 billion, a PE ratio of 19.61 and a beta of 1.41. PolyOne Corp. has a 12-month low of $22.35 and a 12-month high of $38.41.
PolyOne Corp. (NYSE:POL) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.02. The business had revenue of $861.50 million for the quarter, compared to analysts’ expectations of $879.38 million. PolyOne Corp. had a return on equity of 25.34% and a net margin of 4.11%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 EPS. On average, analysts predict that PolyOne Corp. will post $2.17 EPS for the current fiscal year.
PolyOne Corp. Company Profile
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