PolyOne Co. (NYSE:POL) has been assigned an average rating of “Buy” from the eleven analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $30.43.
POL has been the subject of several research reports. Wells Fargo & Co reduced their price objective on PolyOne from $42.00 to $23.00 and set an “overweight” rating for the company in a research note on Monday. Stifel Nicolaus raised PolyOne from a “hold” rating to a “buy” rating in a research note on Monday. TheStreet lowered PolyOne from a “b-” rating to a “c+” rating in a research note on Tuesday, December 10th. ValuEngine raised PolyOne from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Zacks Investment Research raised PolyOne from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Wednesday, March 18th.
Shares of POL traded up $1.18 during trading hours on Monday, hitting $18.89. 1,154,357 shares of the company were exchanged, compared to its average volume of 1,322,625. The company has a market capitalization of $1.56 billion, a PE ratio of 2.49, a PEG ratio of 1.04 and a beta of 1.84. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.15 and a quick ratio of 1.78. The firm has a fifty day simple moving average of $24.62 and a 200-day simple moving average of $31.20. PolyOne has a one year low of $8.69 and a one year high of $37.33.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Tuesday, March 17th will be given a $0.203 dividend. The ex-dividend date is Monday, March 16th. This represents a $0.81 annualized dividend and a dividend yield of 4.30%. PolyOne’s dividend payout ratio (DPR) is presently 47.93%.
In other PolyOne news, Director Richard H. Fearon bought 3,500 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was acquired at an average price of $28.49 per share, with a total value of $99,715.00. Following the completion of the transaction, the director now directly owns 103,980 shares in the company, valued at approximately $2,962,390.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard H. Fearon bought 9,000 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was acquired at an average cost of $13.52 per share, with a total value of $121,680.00. Following the transaction, the director now owns 109,980 shares of the company’s stock, valued at $1,486,929.60. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 18,500 shares of company stock valued at $313,205. 1.10% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the company. CBIZ Investment Advisory Services LLC acquired a new stake in shares of PolyOne in the fourth quarter worth $55,000. Group One Trading L.P. acquired a new stake in PolyOne during the fourth quarter valued at $74,000. Aigen Investment Management LP acquired a new stake in PolyOne during the fourth quarter valued at $97,000. NumerixS Investment Technologies Inc acquired a new stake in PolyOne during the fourth quarter valued at $173,000. Finally, Point72 Hong Kong Ltd acquired a new stake in PolyOne during the fourth quarter valued at $230,000. 77.86% of the stock is owned by institutional investors and hedge funds.
PolyOne Corporation provides specialized polymer materials, services, and solutions in the United States, Canada, Mexico, Europe, South America, and Asia. It operates in four segments: Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions; and Distribution. The Color, Additives and Inks segment offers specialized color and additive concentrates in solid and liquid form for thermoplastics; dispersions for thermosets; and specialty inks, plastisols, and vinyl slush molding solutions.
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