PolyOne (POL) Research Coverage Started at Buckingham Research

Buckingham Research initiated coverage on shares of PolyOne (NYSE:POL) in a research note released on Tuesday, February 5th, MarketBeat reports. The firm issued a buy rating and a $32.40 price objective on the specialty chemicals company’s stock.

Several other research firms have also commented on POL. Zacks Investment Research raised shares of PolyOne from a sell rating to a hold rating in a research note on Tuesday, October 9th. ValuEngine downgraded shares of PolyOne from a hold rating to a sell rating in a research note on Tuesday, October 23rd. Wellington Shields downgraded shares of PolyOne from a gradually accumulate rating to a hold rating in a research note on Wednesday, October 24th. Oppenheimer decreased their price target on shares of PolyOne from $50.00 to $43.00 and set an outperform rating for the company in a research note on Friday, October 26th. Finally, Robert W. Baird decreased their price target on shares of PolyOne from $46.00 to $39.00 and set a neutral rating for the company in a research note on Thursday, October 25th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $38.08.

Shares of NYSE POL traded up $0.64 during midday trading on Tuesday, hitting $33.26. The company’s stock had a trading volume of 278,858 shares, compared to its average volume of 470,784. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.17 and a current ratio of 1.79. PolyOne has a 1 year low of $26.16 and a 1 year high of $45.70. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 1.33 and a beta of 1.73.

PolyOne (NYSE:POL) last posted its quarterly earnings data on Tuesday, January 29th. The specialty chemicals company reported $0.41 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. PolyOne had a net margin of 4.52% and a return on equity of 33.46%. The business had revenue of $834.00 million during the quarter, compared to analyst estimates of $821.90 million. During the same quarter last year, the firm posted $0.41 earnings per share. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities analysts predict that PolyOne will post 2.58 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 15th will be given a dividend of $0.195 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.78 annualized dividend and a dividend yield of 2.35%. PolyOne’s dividend payout ratio is presently 32.10%.

Several large investors have recently modified their holdings of POL. Oregon Public Employees Retirement Fund lifted its position in shares of PolyOne by 2,760.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 902,816 shares of the specialty chemicals company’s stock worth $32,000 after buying an additional 871,249 shares during the last quarter. Private Capital Group LLC lifted its position in shares of PolyOne by 52.3% during the 4th quarter. Private Capital Group LLC now owns 1,298 shares of the specialty chemicals company’s stock worth $37,000 after buying an additional 446 shares during the last quarter. Kings Point Capital Management purchased a new stake in shares of PolyOne during the 4th quarter worth approximately $43,000. Meeder Asset Management Inc. lifted its position in shares of PolyOne by 328.3% during the 4th quarter. Meeder Asset Management Inc. now owns 1,996 shares of the specialty chemicals company’s stock worth $57,000 after buying an additional 1,530 shares during the last quarter. Finally, Bessemer Group Inc. purchased a new stake in shares of PolyOne during the 4th quarter worth approximately $80,000. Institutional investors and hedge funds own 90.62% of the company’s stock.

About PolyOne

PolyOne Corporation provides specialized polymer materials, services, and solutions in the United States, Canada, Mexico, Europe, South America, and Asia. The company operates in four segments: Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions; and PolyOne Distribution.

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Analyst Recommendations for PolyOne (NYSE:POL)

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