Olin (NYSE:OLN) Rating Increased to Strong-Buy at KeyCorp

Key Points

• KeyCorp upgraded Olin to “strong buy” and forecast EPS of $0.06 for Q3 2026, a loss of $0.20 for Q4 2026, and $1.35 for FY2028.
• Analyst sentiment remains mixed: despite the upgrade, Olin has a consensus “Hold” rating and a $22.62 price target, with recent downgrades from Bank of America, RBC, Truist Financial, and Wall Street Zen.
• Olin shares opened at $17.27, near their 52-week low, after the company reported a quarterly EPS loss of $0.12 that missed estimates and revenue declined 0.9% year over year.

Olin (NYSE:OLN - Get Free Report) was upgraded by stock analysts at KeyCorp to a "strong-buy" rating in a report released on Thursday, Zacks reports. KeyCorp also issued estimates for Olin's Q3 2026 earnings at $0.06 EPS, Q4 2026 earnings at ($0.20) EPS and FY2028 earnings at $1.35 EPS.

OLN has been the topic of a number of other research reports. Bank of America lowered shares of Olin from a "buy" rating to an "underperform" rating and decreased their target price for the stock from $32.00 to $21.00 in a research report on Tuesday, June 30th. Mizuho lifted their price target on shares of Olin from $23.00 to $24.00 and gave the company a "neutral" rating in a research report on Friday, July 31st. Royal Bank Of Canada cut their price target on Olin from $24.00 to $20.00 and set a "sector perform" rating for the company in a research note on Monday, August 3rd. Truist Financial reduced their price target on Olin from $24.00 to $20.00 and set a "hold" rating on the stock in a research report on Monday, August 3rd. Finally, Wall Street Zen lowered Olin from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $22.62.

Olin Stock Down 1.1%

OLN opened at $17.27 on Thursday. The stock has a fifty day moving average of $19.57 and a 200-day moving average of $23.56. The company has a market capitalization of $1.97 billion, a P/E ratio of -14.04 and a beta of 1.20. Olin has a fifty-two week low of $16.73 and a fifty-two week high of $30.46. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.87 and a current ratio of 1.42.

Olin (NYSE:OLN - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The specialty chemicals company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.25). Olin had a negative net margin of 2.08% and a negative return on equity of 4.76%. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the company posted ($0.01) earnings per share. The company's revenue was down .9% on a year-over-year basis. On average, equities analysts expect that Olin will post -0.68 EPS for the current year.

Hedge Funds Weigh In On Olin

Several hedge funds and other institutional investors have recently made changes to their positions in OLN. Amundi grew its position in Olin by 337.2% in the first quarter. Amundi now owns 684,036 shares of the specialty chemicals company's stock valued at $20,336,000 after acquiring an additional 527,586 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Olin by 1,946.0% in the first quarter. Empowered Funds LLC now owns 435,599 shares of the specialty chemicals company's stock worth $12,950,000 after acquiring an additional 414,309 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Olin by 22.4% in the first quarter. Dimensional Fund Advisors LP now owns 5,627,997 shares of the specialty chemicals company's stock worth $167,311,000 after acquiring an additional 1,031,498 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Olin by 132.5% in the 1st quarter. Sei Investments Co. now owns 169,374 shares of the specialty chemicals company's stock valued at $5,036,000 after purchasing an additional 96,516 shares in the last quarter. Finally, Pzena Investment Management LLC boosted its stake in shares of Olin by 17.5% in the 4th quarter. Pzena Investment Management LLC now owns 4,507,913 shares of the specialty chemicals company's stock valued at $93,900,000 after purchasing an additional 671,250 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Olin Company Profile

Olin Corporation is a diversified manufacturer specializing in chemical products and ammunition. The company's core business activities encompass the production and distribution of chlor-alkali products, epoxy resins and derivatives, and small-caliber ammunition under the Winchester brand. Olin's chemical operations supply chlorine, caustic soda and related co-products to a wide range of end markets, including water treatment, pulp and paper, pharmaceuticals and general industrial applications.

In its Chlor Alkali Products & Vinyls segment, Olin operates multiple manufacturing facilities that produce chlorine and sodium hydroxide, along with vinyl chloride monomer and polyvinyl chloride (PVC) compounds.

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