Brokerages Set Olin Co. (NYSE:OLN) PT at $15.53

Olin Co. (NYSE:OLN) has received a consensus rating of “Hold” from the eighteen analysts that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $15.53.

A number of brokerages recently issued reports on OLN. SunTrust Banks decreased their price target on Olin from $17.00 to $12.00 and set a “hold” rating for the company in a research note on Thursday, March 26th. ValuEngine lowered Olin from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 2nd. TheStreet lowered Olin from a “c-” rating to a “d+” rating in a research report on Tuesday, May 26th. KeyCorp assumed coverage on Olin in a research report on Wednesday, March 25th. They set a “sector weight” rating and a $19.00 target price for the company. Finally, UBS Group lifted their target price on Olin from $12.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th.

NYSE OLN opened at $11.44 on Tuesday. The company has a fifty day simple moving average of $12.43 and a 200 day simple moving average of $14.55. Olin has a 12-month low of $8.76 and a 12-month high of $22.11. The company has a current ratio of 1.11, a quick ratio of 0.68 and a debt-to-equity ratio of 1.52. The company has a market cap of $1.79 billion, a P/E ratio of -13.46 and a beta of 1.41.

Olin (NYSE:OLN) last posted its quarterly earnings results on Wednesday, April 29th. The specialty chemicals company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.12). The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.38 billion. Olin had a negative net margin of 2.22% and a negative return on equity of 0.55%. The business’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.25 EPS. Sell-side analysts predict that Olin will post -1.2 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Monday, May 11th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, May 8th. This represents a $0.80 annualized dividend and a yield of 6.99%. Olin’s dividend payout ratio (DPR) is 133.33%.

A number of institutional investors have recently bought and sold shares of OLN. Sachem Head Capital Management LP acquired a new position in shares of Olin during the first quarter valued at approximately $174,467,000. Norges Bank purchased a new position in shares of Olin during the fourth quarter worth $33,729,000. Pzena Investment Management LLC boosted its position in shares of Olin by 43.9% during the first quarter. Pzena Investment Management LLC now owns 5,269,529 shares of the specialty chemicals company’s stock worth $61,495,000 after buying an additional 1,606,409 shares during the period. Samlyn Capital LLC purchased a new position in shares of Olin during the first quarter worth $15,514,000. Finally, State Street Corp boosted its position in shares of Olin by 15.0% during the first quarter. State Street Corp now owns 7,299,535 shares of the specialty chemicals company’s stock worth $85,186,000 after buying an additional 950,507 shares during the period. Institutional investors and hedge funds own 92.81% of the company’s stock.

About Olin

Olin Corporation manufactures and distributes chemical products in the United States and internationally. 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, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products, potassium hydroxide, chlorinated organics intermediates and solvents, and sodium hypochlorite.The Epoxy segment provides allyl chloride and epichlorohydrin, as well as acetone, bisphenol, cumene, and phenol for use in resins and other plastic materials, water purification, and pesticides, as well as for the manufacturers of polymers; liquid and solid epoxy resins that are used in adhesives, paints and coatings, composites, and flooring; and differentiated epoxy resins for use in electrical laminates, paints and coatings, wind blades, electronics, and construction, as well as offers additives.

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Analyst Recommendations for Olin (NYSE:OLN)

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