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.
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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