Olin Corporation (NYSE:OLN) Upgraded at BidaskClub
Olin Corporation (NYSE:OLN) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Sunday.
Other analysts have also recently issued research reports about the company. Royal Bank Of Canada restated a “buy” rating and issued a $35.00 price target on shares of Olin Corporation in a report on Tuesday, June 20th. Tudor Pickering started coverage on Olin Corporation in a report on Friday, May 12th. They issued a “buy” rating and a $37.00 price target for the company. Bank of America Corporation started coverage on Olin Corporation in a report on Monday, May 8th. They issued a “buy” rating and a $40.00 price target for the company. Zacks Investment Research upgraded Olin Corporation from a “sell” rating to a “hold” rating in a report on Thursday, April 20th. Finally, UBS AG restated a “neutral” rating and issued a $30.00 price target (down previously from $33.00) on shares of Olin Corporation in a report on Sunday, June 25th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Olin Corporation has a consensus rating of “Buy” and a consensus target price of $32.75.
Shares of Olin Corporation (NYSE OLN) traded up 1.62% on Friday, reaching $31.35. 1,705,212 shares of the company’s stock traded hands. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 109.23 and a beta of 1.44. Olin Corporation has a 52 week low of $18.24 and a 52 week high of $33.88. The stock’s 50-day moving average price is $30.00 and its 200-day moving average price is $29.84.
Olin Corporation (NYSE:OLN) last announced its earnings results on Tuesday, May 2nd. The specialty chemicals company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.24 by $0.10. Olin Corporation had a net margin of 0.82% and a return on equity of 7.40%. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.44 billion. Equities analysts predict that Olin Corporation will post $1.19 EPS for the current year.
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Several hedge funds have recently modified their holdings of the company. Bollard Group LLC boosted its stake in shares of Olin Corporation by 0.6% in the first quarter. Bollard Group LLC now owns 3,180 shares of the specialty chemicals company’s stock worth $105,000 after buying an additional 19 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. purchased a new stake in shares of Olin Corporation during the first quarter worth about $118,000. Meadow Creek Investment Management LLC boosted its stake in shares of Olin Corporation by 6.9% in the first quarter. Meadow Creek Investment Management LLC now owns 4,464 shares of the specialty chemicals company’s stock worth $147,000 after buying an additional 288 shares during the last quarter. Creative Planning boosted its stake in shares of Olin Corporation by 130.8% in the second quarter. Creative Planning now owns 5,050 shares of the specialty chemicals company’s stock worth $153,000 after buying an additional 2,862 shares during the last quarter. Finally, Banced Corp purchased a new stake in shares of Olin Corporation during the first quarter worth about $201,000. Institutional investors and hedge funds own 93.02% of the company’s stock.
Olin Corporation Company Profile
Olin Corporation is a manufacturer and distributor of chemical products, and ammunition. The Company operates through three segments: Chlor Alkali Products and Vinyls, Epoxy and Winchester. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products and potassium hydroxide.
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