Shares of Olin Corporation (NYSE:OLN - Get Free Report) have been given an average rating of "Hold" by the fourteen research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $25.5714.
OLN has been the subject of a number of research reports. Barclays reduced their target price on shares of Olin from $28.00 to $24.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 28th. KeyCorp reduced their target price on shares of Olin from $32.00 to $31.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Citigroup dropped their target price on shares of Olin from $26.00 to $25.00 and set a "buy" rating for the company in a research report on Tuesday, July 8th. Wells Fargo & Company lowered their price target on shares of Olin from $22.00 to $21.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 30th. Finally, Truist Financial reduced their price target on shares of Olin from $25.00 to $24.00 and set a "hold" rating for the company in a research note on Monday, May 5th.
Get Our Latest Stock Report on Olin
Olin Stock Performance
Shares of NYSE:OLN traded down $0.18 on Monday, reaching $18.74. 2,888,492 shares of the company's stock were exchanged, compared to its average volume of 3,000,017. The company has a current ratio of 1.48, a quick ratio of 0.88 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of -156.18 and a beta of 1.55. The company has a fifty day moving average of $20.49 and a 200-day moving average of $22.58. Olin has a twelve month low of $17.66 and a twelve month high of $49.60.
Olin (NYSE:OLN - Get Free Report) last announced its earnings results on Monday, July 28th. The specialty chemicals company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.04). Olin had a negative return on equity of 0.13% and a negative net margin of 0.21%. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the business earned $0.62 EPS. Olin's quarterly revenue was up 7.0% on a year-over-year basis. On average, research analysts predict that Olin will post 1.38 EPS for the current fiscal year.
Hedge Funds Weigh In On Olin
A number of institutional investors and hedge funds have recently bought and sold shares of OLN. Covestor Ltd increased its stake in Olin by 45.8% during the 4th quarter. Covestor Ltd now owns 1,334 shares of the specialty chemicals company's stock worth $45,000 after acquiring an additional 419 shares during the period. Vestcor Inc grew its position in Olin by 4.6% during the 1st quarter. Vestcor Inc now owns 12,630 shares of the specialty chemicals company's stock worth $306,000 after acquiring an additional 558 shares during the last quarter. Fifth Third Bancorp grew its position in Olin by 160.5% during the 1st quarter. Fifth Third Bancorp now owns 1,206 shares of the specialty chemicals company's stock worth $29,000 after acquiring an additional 743 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Olin by 13.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 6,778 shares of the specialty chemicals company's stock valued at $164,000 after buying an additional 778 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of Olin by 22.0% in the 2nd quarter. Blue Trust Inc. now owns 4,979 shares of the specialty chemicals company's stock valued at $100,000 after buying an additional 899 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company's stock.
Olin Company Profile
(
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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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