OMNOVA Solutions Inc. (NYSE:OMN) has earned an average rating of “Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $11.67.

OMN has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of OMNOVA Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Sidoti initiated coverage on shares of OMNOVA Solutions in a research note on Tuesday, June 13th. They set a “buy” rating and a $12.00 price target on the stock. Jefferies Group LLC restated a “buy” rating and set a $12.00 price target on shares of OMNOVA Solutions in a research note on Friday, June 16th. KeyCorp restated a “hold” rating on shares of OMNOVA Solutions in a research note on Thursday, August 24th. Finally, BidaskClub lowered shares of OMNOVA Solutions from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd.

COPYRIGHT VIOLATION NOTICE: “OMNOVA Solutions Inc. (OMN) Receives Average Recommendation of “Buy” from Brokerages” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/09/01/omnova-solutions-inc-omn-receives-average-recommendation-of-buy-from-brokerages.html.

Shares of OMNOVA Solutions (NYSE OMN) traded up 1.72% during midday trading on Friday, reaching $8.85. 51,278 shares of the company traded hands. The company has a 50 day moving average price of $9.24 and a 200 day moving average price of $9.15. OMNOVA Solutions has a 1-year low of $7.05 and a 1-year high of $10.42. The company’s market capitalization is $397.46 million.

OMNOVA Solutions (NYSE:OMN) last issued its quarterly earnings results on Wednesday, June 28th. The specialty chemicals company reported $0.16 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.16. OMNOVA Solutions had a negative net margin of 1.19% and a positive return on equity of 18.52%. The business had revenue of $221.30 million for the quarter, compared to analyst estimates of $204.40 million. During the same quarter in the prior year, the business posted $0.18 EPS. OMNOVA Solutions’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, analysts expect that OMNOVA Solutions will post $0.59 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC raised its stake in OMNOVA Solutions by 2.2% in the second quarter. Acrospire Investment Management LLC now owns 13,632 shares of the specialty chemicals company’s stock worth $133,000 after buying an additional 288 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in OMNOVA Solutions by 4.9% in the first quarter. Envestnet Asset Management Inc. now owns 10,146 shares of the specialty chemicals company’s stock worth $100,000 after buying an additional 472 shares during the last quarter. Citigroup Inc. raised its stake in OMNOVA Solutions by 3.6% in the second quarter. Citigroup Inc. now owns 27,344 shares of the specialty chemicals company’s stock worth $267,000 after buying an additional 954 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in OMNOVA Solutions by 4.7% in the second quarter. The Manufacturers Life Insurance Company now owns 36,089 shares of the specialty chemicals company’s stock worth $352,000 after buying an additional 1,614 shares during the last quarter. Finally, American International Group Inc. raised its stake in OMNOVA Solutions by 7.1% in the first quarter. American International Group Inc. now owns 26,169 shares of the specialty chemicals company’s stock worth $259,000 after buying an additional 1,738 shares during the last quarter. Hedge funds and other institutional investors own 88.01% of the company’s stock.

OMNOVA Solutions Company Profile

OMNOVA Solutions Inc is a provider of emulsion polymers, specialty chemicals and engineered surfaces for commercial, industrial and residential end uses. The Company’s segments include Performance Chemicals and Engineered Surfaces. The Performance Chemicals segment produces a range of emulsion polymers and specialty chemicals based on styrene butadiene, styrene butadiene acrylonitrile, styrene butadiene vinyl pyridine, nitrile butadiene, polyvinyl acetate, acrylic, styrene acrylic, vinyl acrylic, glyoxal, fluorochemical and bio-based chemistries.

Receive News & Stock Ratings for OMNOVA Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OMNOVA Solutions Inc. and related stocks with our FREE daily email newsletter.