PolyOne Co. (NYSE:POL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Thursday.

According to Zacks, “PolyOne Corporation is an international polymer services company with operations in thermoplastic compounds, specialty resins, specialty polymer formulations, engineered films, color and additive systems, elastomer compounding and thermoplastic resin distribution. PolyOne was formed from the consolidation of the former M.A. Hanna Company and The Geon Company. Information on the Company’s products and services can be found at www.polyone.com. “

A number of other equities research analysts have also recently weighed in on the company. CIBC began coverage on PolyOne in a research note on Thursday, August 17th. They issued an “outperform” rating and a $43.00 price target on the stock. Oppenheimer Holdings, Inc. began coverage on PolyOne in a research note on Wednesday, August 16th. They issued an “outperform” rating and a $43.00 price target on the stock. Finally, BidaskClub upgraded PolyOne from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. PolyOne currently has an average rating of “Hold” and a consensus target price of $40.80.

PolyOne (NYSE POL) opened at 35.79 on Thursday. The stock has a 50 day moving average of $37.02 and a 200 day moving average of $36.25. The stock’s market capitalization is $2.93 billion. PolyOne has a 52 week low of $28.77 and a 52 week high of $40.88.

PolyOne (NYSE:POL) last posted its quarterly earnings results on Tuesday, July 25th. The specialty chemicals company reported $0.63 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.63. PolyOne had a return on equity of 30.82% and a net margin of 6.09%. The business had revenue of $814.10 million for the quarter, compared to analysts’ expectations of $812.52 million. During the same quarter in the prior year, the business earned $0.59 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities research analysts predict that PolyOne will post $2.21 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently modified their holdings of POL. BlackRock Inc. raised its position in shares of PolyOne by 13,264.4% in the first quarter. BlackRock Inc. now owns 9,786,179 shares of the specialty chemicals company’s stock worth $333,610,000 after buying an additional 9,712,953 shares in the last quarter. Vanguard Group Inc. raised its position in shares of PolyOne by 4.4% in the first quarter. Vanguard Group Inc. now owns 7,030,120 shares of the specialty chemicals company’s stock worth $239,657,000 after buying an additional 295,988 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of PolyOne by 3.1% in the second quarter. Alliancebernstein L.P. now owns 3,090,961 shares of the specialty chemicals company’s stock worth $119,744,000 after buying an additional 92,253 shares in the last quarter. State Street Corp raised its position in shares of PolyOne by 3.2% in the second quarter. State Street Corp now owns 2,778,681 shares of the specialty chemicals company’s stock worth $107,643,000 after buying an additional 86,473 shares in the last quarter. Finally, TimesSquare Capital Management LLC raised its position in shares of PolyOne by 5.6% in the first quarter. TimesSquare Capital Management LLC now owns 2,150,899 shares of the specialty chemicals company’s stock worth $73,324,000 after buying an additional 114,415 shares in the last quarter. 94.37% of the stock is currently owned by hedge funds and other institutional investors.

About PolyOne

PolyOne Corporation (PolyOne) provides specialized polymer materials, services and solutions. The Company’s segments include Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions, and PolyOne Distribution. The Color, Additives and Inks segment provides custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets.

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