Olin (NYSE:OLN) Stock Rating Upgraded by Fermium Researc

Key Points

• Olin's stock rating has been upgraded to a "strong-buy" by Fermium Research, indicating positive investor sentiment.
• Multiple analysts have recently adjusted their target prices for Olin, with forecasts ranging from $21.00 to $31.00, and a consensus rating of "Hold" based on current market evaluations.
• Olin's shares have shown a recent increase of 4.8%, reflecting a market capitalization of $2.75 billion despite reporting a lower-than-expected EPS of $0.05 in its latest earnings announcement.

Olin (NYSE:OLN - Get Free Report) was upgraded by Fermium Researc to a "strong-buy" rating in a research note issued to investors on Thursday,Zacks.com reports.

Other research analysts also recently issued reports about the company. KeyCorp reduced their target price on Olin from $32.00 to $31.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Mizuho reduced their target price on Olin from $24.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, July 29th. Royal Bank Of Canada dropped their price objective on shares of Olin from $25.00 to $23.00 and set a "sector perform" rating for the company in a research report on Thursday, July 3rd. UBS Group dropped their price objective on shares of Olin from $23.00 to $22.00 and set a "neutral" rating for the company in a research report on Tuesday, July 29th. Finally, Wells Fargo & Company dropped their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $25.57.

Olin Stock Up 4.8%

Shares of OLN opened at $23.95 on Thursday. The company has a market capitalization of $2.75 billion, a P/E ratio of -199.54 and a beta of 1.61. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.48 and a quick ratio of 0.88. Olin has a one year low of $17.66 and a one year high of $49.60. The business's 50 day simple moving average is $22.33 and its 200-day simple moving average is $21.73.

Olin (NYSE:OLN - Get Free Report) last announced its 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 analyst estimates of $1.68 billion. Olin had a negative return on equity of 0.13% and a negative net margin of 0.21%.The firm's revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.62 earnings per share. As a group, sell-side analysts predict that Olin will post 1.38 EPS for the current fiscal year.

Insider Activity at Olin

In other Olin news, VP Teresa M. Vermillion sold 6,000 shares of the company's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $21.11, for a total transaction of $126,660.00. Following the completion of the sale, the vice president owned 17,199 shares in the company, valued at approximately $363,070.89. The trade was a 25.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.60% of the company's stock.

Institutional Trading of Olin

Institutional investors and hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp raised its position in shares of Olin by 160.5% during 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 during the 1st quarter valued at $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Olin in the 1st quarter valued at $32,000. Evelyn Partners Investment Management LLP grew 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 buying an additional 1,590 shares during the period. Finally, Allworth Financial LP grew its holdings in shares of Olin by 188.5% in the 1st quarter. Allworth Financial LP now owns 1,676 shares of the specialty chemicals company's stock valued at $37,000 after buying an additional 1,095 shares during the period. Institutional investors own 88.67% of the company's stock.

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.

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