Citigroup Issues Pessimistic Forecast for Olin (NYSE:OLN) Stock Price

Olin (NYSE:OLN - Get Free Report) had its target price dropped by stock analysts at Citigroup from $26.00 to $25.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the specialty chemicals company's stock. Citigroup's price objective suggests a potential upside of 13.61% from the stock's previous close.

OLN has been the topic of a number of other research reports. Wells Fargo & Company lifted their price target on shares of Olin from $19.00 to $22.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Wall Street Zen cut shares of Olin from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. The Goldman Sachs Group lowered their target price on shares of Olin from $33.00 to $25.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 6th. JPMorgan Chase & Co. lowered their target price on shares of Olin from $28.00 to $20.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 6th. Finally, UBS Group lifted their price target on Olin from $21.00 to $22.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $27.40.

Olin Stock Performance

Shares of NYSE:OLN traded down $0.64 during trading on Tuesday, hitting $22.01. 1,523,753 shares of the stock traded hands, compared to its average volume of 1,723,652. The company has a quick ratio of 0.96, a current ratio of 1.56 and a debt-to-equity ratio of 1.48. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 43.20 and a beta of 1.52. The company has a fifty day moving average price of $20.67 and a two-hundred day moving average price of $24.75. Olin has a 52-week low of $17.66 and a 52-week high of $50.75.

Olin (NYSE:OLN - Get Free Report) last posted its earnings results on Thursday, May 1st. The specialty chemicals company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.14. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.58 billion. Olin had a net margin of 0.94% and a return on equity of 3.13%. The business's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 EPS. As a group, equities analysts predict that Olin will post 1.38 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Hotchkis & Wiley Capital Management LLC raised its holdings in Olin by 11.5% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 12,191,163 shares of the specialty chemicals company's stock valued at $295,514,000 after acquiring an additional 1,259,795 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Olin by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 11,748,584 shares of the specialty chemicals company's stock valued at $284,786,000 after buying an additional 245,604 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in Olin by 40.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 6,384,744 shares of the specialty chemicals company's stock worth $154,766,000 after purchasing an additional 1,840,900 shares during the period. Dimensional Fund Advisors LP boosted its position in Olin by 14.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,546,352 shares of the specialty chemicals company's stock worth $110,204,000 after purchasing an additional 569,483 shares during the period. Finally, Yacktman Asset Management LP boosted its position in Olin by 3.1% during the 1st quarter. Yacktman Asset Management LP now owns 4,020,243 shares of the specialty chemicals company's stock worth $97,451,000 after purchasing an additional 122,247 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

About Olin

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.