Brokerages Set Olin Co. (NYSE:OLN) Target Price at $23.77

Shares of Olin Co. (NYSE:OLN) have received an average recommendation of “Hold” from the fifteen research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $23.00.

Several equities analysts have recently commented on OLN shares. SunTrust Banks lowered Olin from a “buy” rating to a “hold” rating and set a $19.00 price target on the stock. in a research note on Monday, November 4th. JPMorgan Chase & Co. lowered Olin from an “overweight” rating to a “neutral” rating and cut their price target for the company from $19.00 to $18.00 in a research note on Thursday, October 17th. Tudor Pickering lowered Olin from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Barclays cut their price target on Olin from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. Finally, Bank of America restated a “buy” rating and set a $22.00 price target (down previously from $29.00) on shares of Olin in a research note on Friday, August 16th.

In other Olin news, EVP John L. Mcintosh sold 9,000 shares of Olin stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $16.86, for a total value of $151,740.00. Following the transaction, the executive vice president now owns 81,227 shares in the company, valued at $1,369,487.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Stonebridge Capital Advisors LLC purchased a new stake in shares of Olin during the second quarter worth about $33,000. Bell Rock Capital LLC purchased a new stake in shares of Olin during the second quarter worth about $35,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Olin during the second quarter worth about $35,000. Advisory Services Network LLC grew its stake in shares of Olin by 59.1% during the second quarter. Advisory Services Network LLC now owns 2,053 shares of the specialty chemicals company’s stock worth $45,000 after acquiring an additional 763 shares during the last quarter. Finally, Cerebellum GP LLC purchased a new stake in shares of Olin during the third quarter worth about $46,000. Institutional investors own 90.56% of the company’s stock.

Shares of NYSE:OLN traded up $0.20 on Friday, hitting $17.35. 96,127 shares of the company’s stock were exchanged, compared to its average volume of 2,393,849. Olin has a 12 month low of $15.38 and a 12 month high of $27.32. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 9.91, a price-to-earnings-growth ratio of 2.53 and a beta of 1.56. The business’s 50 day simple moving average is $18.02 and its two-hundred day simple moving average is $19.08. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.64 and a quick ratio of 0.99.

Olin (NYSE:OLN) last announced its quarterly earnings results on Thursday, October 31st. The specialty chemicals company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.36 by $0.05. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.73 billion. Olin had a return on equity of 5.92% and a net margin of 1.87%. Equities analysts forecast that Olin will post 0.58 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were paid a $0.20 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.80 annualized dividend and a yield of 4.61%. Olin’s dividend payout ratio (DPR) is presently 45.71%.

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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