Olin Co. (NYSE:OLN) Receives Consensus Rating of “Hold” from Brokerages

Shares of Olin Co. (NYSE:OLNGet Free Report) have been assigned an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $56.27.

OLN has been the topic of several analyst reports. JPMorgan Chase & Co. lowered Olin from an “overweight” rating to a “neutral” rating and cut their target price for the company from $75.00 to $48.00 in a research note on Monday, October 30th. KeyCorp increased their price target on Olin from $61.00 to $66.00 and gave the stock an “overweight” rating in a report on Tuesday, January 9th. Barclays increased their price target on Olin from $49.00 to $57.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Stifel Nicolaus increased their price target on Olin from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Monday, January 29th. Finally, Citigroup started coverage on Olin in a report on Monday, November 13th. They issued a “buy” rating and a $50.00 price target for the company.

Get Our Latest Stock Analysis on Olin

Insider Buying and Selling at Olin

In other Olin news, VP Valerie A. Peters sold 71,800 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $52.52, for a total value of $3,770,936.00. Following the completion of the transaction, the vice president now directly owns 19,469 shares in the company, valued at $1,022,511.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Olin news, VP Valerie A. Peters sold 71,800 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $52.52, for a total value of $3,770,936.00. Following the completion of the transaction, the vice president now directly owns 19,469 shares in the company, valued at $1,022,511.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Todd A. Slater sold 63,250 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $54.15, for a total value of $3,424,987.50. Following the completion of the sale, the chief financial officer now directly owns 137,517 shares of the company’s stock, valued at $7,446,545.55. The disclosure for this sale can be found here. Insiders sold a total of 674,378 shares of company stock worth $36,298,062 over the last ninety days. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Olin

A number of hedge funds have recently made changes to their positions in OLN. CWM LLC increased its stake in Olin by 6.4% during the 2nd quarter. CWM LLC now owns 3,166 shares of the specialty chemicals company’s stock worth $163,000 after acquiring an additional 190 shares during the period. Arbor Capital Management Inc. ADV increased its stake in Olin by 0.5% during the 1st quarter. Arbor Capital Management Inc. ADV now owns 38,729 shares of the specialty chemicals company’s stock worth $2,224,000 after acquiring an additional 199 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Olin by 0.5% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 42,285 shares of the specialty chemicals company’s stock worth $1,957,000 after acquiring an additional 216 shares during the period. Captrust Financial Advisors increased its stake in Olin by 3.3% during the 3rd quarter. Captrust Financial Advisors now owns 6,834 shares of the specialty chemicals company’s stock worth $293,000 after acquiring an additional 217 shares during the period. Finally, Ritholtz Wealth Management increased its stake in Olin by 1.5% during the 4th quarter. Ritholtz Wealth Management now owns 16,389 shares of the specialty chemicals company’s stock worth $884,000 after acquiring an additional 238 shares during the period. 85.69% of the stock is owned by institutional investors and hedge funds.

Olin Trading Up 2.3 %

NYSE:OLN opened at $52.46 on Thursday. Olin has a 1-year low of $41.71 and a 1-year high of $63.06. The business’s 50-day moving average price is $52.03 and its two-hundred day moving average price is $50.80. The company has a current ratio of 1.29, a quick ratio of 0.73 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $6.43 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 0.28 and a beta of 1.44.

Olin Company Profile

(Get Free Report

Olin Corporation manufactures and distributes chemical products in the United States, Europe, Asia Pacific, Latin America, and Canada. It operates through three segments: Chlor Alkali Products and Vinyls; Epoxy; and Winchester. The Chlor Alkali Products and Vinyls segment offers chlorine and caustic soda, ethylene dichloride and vinyl chloride monomers, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, hydrochloric acid, hydrogen, bleach products, potassium hydroxide, and chlorinated organics intermediates and solvents.

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Analyst Recommendations for Olin (NYSE:OLN)

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