Olin (NYSE:OLN - Get Free Report)'s stock had its "sell (d+)" rating reissued by equities researchers at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.
Other analysts have also recently issued research reports about the company. Mizuho set a $26.00 price target on Olin in a report on Friday, October 3rd. KeyCorp reduced their price objective on Olin from $32.00 to $31.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Wall Street Zen raised Olin from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Fermium Researc raised Olin to a "strong-buy" rating in a research note on Thursday, September 25th. Finally, Wells Fargo & Company lifted their price objective on Olin from $21.00 to $25.00 and gave the company an "equal weight" rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Olin has an average rating of "Hold" and a consensus target price of $26.21.
Check Out Our Latest Research Report on Olin
Olin Price Performance
Olin stock traded down $0.01 during midday trading on Wednesday, reaching $25.61. 59,050 shares of the company were exchanged, compared to its average volume of 2,161,674. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.88 and a current ratio of 1.48. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of -213.38 and a beta of 1.68. The firm's 50-day simple moving average is $23.02 and its 200-day simple moving average is $21.77. Olin has a 1 year low of $17.66 and a 1 year high of $48.00.
Olin (NYSE:OLN - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The specialty chemicals company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.04). The business had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.68 billion. Olin had a negative net margin of 0.21% and a negative return on equity of 0.13%. The firm's quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 EPS. On average, analysts anticipate that Olin will post 1.38 EPS for the current year.
Insider Transactions at Olin
In other Olin news, VP Teresa M. Vermillion sold 6,000 shares of Olin stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $21.11, for a total transaction of $126,660.00. Following the sale, the vice president directly owned 17,199 shares in the company, valued at $363,070.89. The trade was a 25.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Olin
A number of institutional investors have recently made changes to their positions in OLN. Fifth Third Bancorp increased its holdings in shares of Olin by 160.5% in the 1st quarter. Fifth Third Bancorp now owns 1,206 shares of the specialty chemicals company's stock valued at $29,000 after acquiring an additional 743 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Olin in the 1st quarter valued at approximately $31,000. Evelyn Partners Investment Management LLP increased its holdings in shares of Olin by 6,360.0% in the 2nd quarter. Evelyn Partners Investment Management LLP now owns 1,615 shares of the specialty chemicals company's stock valued at $32,000 after acquiring an additional 1,590 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Olin in the 1st quarter valued at approximately $32,000. Finally, UMB Bank n.a. increased its holdings in shares of Olin by 134.9% in the 2nd quarter. UMB Bank n.a. now owns 1,736 shares of the specialty chemicals company's stock valued at $35,000 after acquiring an additional 997 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors.
About Olin
(
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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