Olin (NYSE:OLN) Price Target Raised to $23.00 at UBS Group

Olin (NYSE:OLN - Get Free Report) had its price target lifted by UBS Group from $22.00 to $23.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the specialty chemicals company's stock. UBS Group's target price suggests a potential upside of 1.54% from the stock's current price.

Other research analysts have also issued reports about the company. Wall Street Zen lowered Olin from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Morgan Stanley dropped their price objective on Olin from $28.00 to $20.00 and set an "underweight" rating for the company in a research note on Monday, May 12th. Royal Bank Of Canada lowered their target price on Olin from $25.00 to $23.00 and set a "sector perform" rating for the company in a research note on Thursday, July 3rd. Wells Fargo & Company raised their target price on Olin from $19.00 to $22.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Finally, The Goldman Sachs Group lowered their target price on Olin from $33.00 to $25.00 and set a "neutral" rating for the company in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Olin has an average rating of "Hold" and a consensus price target of $27.40.

Olin Stock Performance

Shares of OLN traded up $0.47 on Wednesday, reaching $22.65. 3,835,638 shares of the stock traded hands, compared to its average volume of 1,721,246. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 44.41 and a beta of 1.52. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.56 and a quick ratio of 0.96. Olin has a 12 month low of $17.66 and a 12 month high of $50.75. The stock's 50-day moving average price is $20.66 and its 200-day moving average price is $24.77.

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

Institutional Investors Weigh In On Olin

Institutional investors have recently bought and sold shares of the company. Covestor Ltd increased its position in shares of 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 purchasing an additional 419 shares during the last quarter. Vestcor Inc grew its holdings in Olin by 4.6% in the 1st quarter. Vestcor Inc now owns 12,630 shares of the specialty chemicals company's stock valued at $306,000 after buying an additional 558 shares in the last quarter. Fifth Third Bancorp lifted 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 period. Xponance Inc. lifted its position in shares of Olin by 5.9% during the 4th quarter. Xponance Inc. now owns 13,435 shares of the specialty chemicals company's stock valued at $454,000 after acquiring an additional 754 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Olin by 13.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 6,778 shares of the specialty chemicals company's stock worth $164,000 after buying an additional 778 shares during the last quarter. Institutional investors own 88.67% of the company's stock.

Olin Company Profile

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.