Olin Co. (NYSE:OLN - Get Free Report) has been given a consensus recommendation of "Hold" by the fifteen research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $27.80.
A number of brokerages recently weighed in on OLN. The Goldman Sachs Group decreased their price target on shares of Olin from $33.00 to $25.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th. Royal Bank of Canada decreased their price target on shares of Olin from $28.00 to $25.00 and set a "sector perform" rating for the company in a research report on Monday, May 5th. JPMorgan Chase & Co. decreased their price target on shares of Olin from $28.00 to $20.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th. Mizuho set a $23.00 price target on shares of Olin in a research report on Tuesday, April 15th. Finally, Piper Sandler lowered their target price on Olin from $33.00 to $26.00 and set a "neutral" rating for the company in a research note on Monday, April 7th.
Get Our Latest Report on Olin
Institutional Trading of Olin
Several institutional investors and hedge funds have recently bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC raised its stake in Olin by 11.5% during the first 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 buying an additional 1,259,795 shares in the last quarter. Vanguard Group Inc. raised its stake in Olin by 2.1% during the first 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 in the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in Olin by 40.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 6,384,744 shares of the specialty chemicals company's stock valued at $154,766,000 after buying an additional 1,840,900 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Olin by 14.3% during the first quarter. Dimensional Fund Advisors LP now owns 4,546,352 shares of the specialty chemicals company's stock valued at $110,204,000 after buying an additional 569,483 shares in the last quarter. Finally, Yacktman Asset Management LP raised its stake in Olin by 3.1% during the first quarter. Yacktman Asset Management LP now owns 4,020,243 shares of the specialty chemicals company's stock valued at $97,451,000 after buying an additional 122,247 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company's stock.
Olin Stock Down 3.5%
Olin stock traded down $0.71 during trading on Wednesday, reaching $19.42. 3,337,674 shares of the company's stock were exchanged, compared to its average volume of 1,635,875. The company's 50-day moving average is $21.23 and its two-hundred day moving average is $28.43. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.77 and a current ratio of 1.27. Olin has a 52-week low of $17.66 and a 52-week high of $54.05. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 21.58 and a beta of 1.56.
Olin (NYSE:OLN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The specialty chemicals company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of ($0.10) by $0.14. Olin had a net margin of 1.66% and a return on equity of 5.10%. The firm had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.58 billion. During the same period in the prior year, the company earned $0.40 EPS. The firm's revenue was up 1.2% on a year-over-year basis. On average, analysts predict that Olin will post 1.38 earnings per share for the current year.
Olin Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 15th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend is Thursday, May 15th. Olin's dividend payout ratio is currently 156.86%.
Olin Company Profile
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Get Free ReportOlin 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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