PolyOne Corp. (POL) Receives $37.00 Consensus PT from Analysts
PolyOne Corp. (NYSE:POL) has been assigned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the stock. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $37.00.
A number of research firms have commented on POL. Goldman Sachs Group Inc. downgraded shares of PolyOne Corp. from a “buy” rating to a “neutral” rating and cut their target price for the company from $42.00 to $38.00 in a research report on Wednesday, July 27th. TheStreet downgraded shares of PolyOne Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, October 26th. Jefferies Group cut their target price on shares of PolyOne Corp. from $40.00 to $36.00 and set a “hold” rating on the stock in a research report on Wednesday, October 12th. Finally, Zacks Investment Research raised shares of PolyOne Corp. from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Saturday, July 30th.
PolyOne Corp. (NYSE:POL) opened at 32.75 on Thursday. 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 $31.26 and its 200-day moving average is $34.34. The company has a market cap of $2.74 billion, a P/E ratio of 20.71 and a beta of 1.69.
PolyOne Corp. (NYSE:POL) last posted its earnings results on Wednesday, October 26th. The company reported $0.56 EPS for the quarter, meeting analysts’ consensus estimates of $0.56. The business had revenue of $844 million for the quarter, compared to the consensus estimate of $840.68 million. PolyOne Corp. had a net margin of 4.04% and a return on equity of 25.20%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 EPS. On average, equities research analysts expect that PolyOne Corp. will post $2.12 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 6th. Shareholders of record on Friday, December 16th will be given a dividend of $0.1325 per share. This represents a $0.53 annualized dividend and a yield of 1.62%. The ex-dividend date is Wednesday, December 14th. This is an increase from PolyOne Corp.’s previous quarterly dividend of $0.12. PolyOne Corp.’s payout ratio is currently 30.19%.
A number of hedge funds have recently added to or reduced their stakes in POL. BlackRock Institutional Trust Company N.A. increased its stake in PolyOne Corp. by 22.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,339,076 shares of the company’s stock valued at $112,894,000 after buying an additional 612,686 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in PolyOne Corp. during the second quarter valued at $19,066,000. Emerald Acquisition Ltd. bought a new stake in PolyOne Corp. during the second quarter valued at $14,678,000. Teachers Advisors Inc. increased its stake in PolyOne Corp. by 248.3% in the second quarter. Teachers Advisors Inc. now owns 469,811 shares of the company’s stock valued at $16,556,000 after buying an additional 334,910 shares in the last quarter. Finally, BlackRock Fund Advisors increased its stake in PolyOne Corp. by 5.6% in the third quarter. BlackRock Fund Advisors now owns 4,502,586 shares of the company’s stock valued at $152,232,000 after buying an additional 239,390 shares in the last quarter. 93.92% of the stock is currently owned by institutional investors.
About PolyOne Corp.
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