PolyOne (NYSE:POL) Downgraded to Sell at ValuEngine

ValuEngine cut shares of PolyOne (NYSE:POL) from a hold rating to a sell rating in a report released on Friday morning, ValuEngine reports.

A number of other analysts have also commented on the company. Robert W. Baird raised PolyOne from a neutral rating to an outperform rating and raised their price target for the stock from $30.00 to $36.00 in a research note on Monday, July 22nd. Wellington Shields raised PolyOne from a hold rating to a gradually accumulate rating in a research note on Tuesday, June 11th. TheStreet raised PolyOne from a c+ rating to a b- rating in a research note on Thursday, July 25th. Zacks Investment Research lowered PolyOne from a buy rating to a hold rating in a research note on Wednesday, August 14th. Finally, SunTrust Banks raised PolyOne from a hold rating to a buy rating and set a $31.00 price target for the company in a research note on Friday, May 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The company has an average rating of Buy and an average target price of $35.86.

NYSE:POL opened at $32.09 on Friday. The firm has a market cap of $2.53 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 1.31 and a beta of 1.73. PolyOne has a fifty-two week low of $24.47 and a fifty-two week high of $45.16. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.10 and a current ratio of 1.68. The business has a 50 day moving average price of $31.96 and a 200-day moving average price of $29.80.

PolyOne (NYSE:POL) last released its quarterly earnings data on Thursday, July 25th. The specialty chemicals company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The firm had revenue of $903.80 million during the quarter, compared to analyst estimates of $933.34 million. PolyOne had a return on equity of 33.07% and a net margin of 4.03%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Research analysts predict that PolyOne will post 2.52 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Thursday, September 12th. PolyOne’s payout ratio is 32.10%.

A number of hedge funds have recently made changes to their positions in POL. BlackRock Inc. increased its holdings in shares of PolyOne by 5.2% during the second quarter. BlackRock Inc. now owns 9,859,150 shares of the specialty chemicals company’s stock valued at $309,478,000 after acquiring an additional 491,079 shares in the last quarter. Luminus Management LLC purchased a new stake in shares of PolyOne during the second quarter valued at $10,440,000. Royal Bank of Canada boosted its position in shares of PolyOne by 29.1% during the second quarter. Royal Bank of Canada now owns 31,414 shares of the specialty chemicals company’s stock valued at $986,000 after buying an additional 7,074 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in shares of PolyOne during the second quarter valued at $975,000. Finally, Doyle Wealth Management purchased a new stake in shares of PolyOne during the second quarter valued at $68,000. 92.12% of the stock is owned by institutional investors.

About PolyOne

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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Analyst Recommendations for PolyOne (NYSE:POL)

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