Olin (NYSE:OLN) PT Raised to $50.00 at KeyCorp

Olin (NYSE:OLN) had its price objective boosted by investment analysts at KeyCorp from $48.00 to $50.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the specialty chemicals company’s stock. KeyCorp’s target price would suggest a potential upside of 26.58% from the stock’s previous close.

Several other brokerages also recently weighed in on OLN. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised Olin from a “neutral” rating to a “buy” rating in a research note on Thursday, April 15th. Barclays increased their price objective on Olin from $30.00 to $43.00 and gave the company an “equal weight” rating in a research note on Thursday, March 18th. Alembic Global Advisors increased their price objective on Olin from $37.00 to $55.00 in a research note on Monday, March 29th. JPMorgan Chase & Co. increased their price objective on Olin from $30.00 to $48.00 in a research note on Thursday, April 1st. Finally, Morgan Stanley increased their price objective on Olin from $31.00 to $40.00 and gave the company an “equal weight” rating in a research note on Thursday, March 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $37.80.

Shares of NYSE:OLN opened at $39.50 on Monday. Olin has a 12-month low of $9.67 and a 12-month high of $43.32. The company has a market capitalization of $6.27 billion, a PE ratio of -6.14, a PEG ratio of 1.19 and a beta of 1.22. The business has a 50 day moving average of $37.08 and a two-hundred day moving average of $26.73. The company has a current ratio of 1.60, a quick ratio of 1.02 and a debt-to-equity ratio of 2.70.

Olin (NYSE:OLN) last announced its earnings results on Thursday, January 28th. The specialty chemicals company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.04). The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.46 billion. Olin had a negative return on equity of 9.98% and a negative net margin of 18.47%. Equities research analysts predict that Olin will post -2.47 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the stock. Retirement Systems of Alabama increased its position in shares of Olin by 0.6% during the 1st quarter. Retirement Systems of Alabama now owns 186,371 shares of the specialty chemicals company’s stock worth $7,077,000 after purchasing an additional 1,181 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in Olin by 701.4% during the 1st quarter. Global Retirement Partners LLC now owns 1,154 shares of the specialty chemicals company’s stock valued at $44,000 after acquiring an additional 1,010 shares during the period. Louisiana State Employees Retirement System boosted its holdings in Olin by 4.5% during the 1st quarter. Louisiana State Employees Retirement System now owns 37,100 shares of the specialty chemicals company’s stock valued at $1,409,000 after acquiring an additional 1,600 shares during the period. Clear Street Markets LLC purchased a new position in Olin during the 1st quarter valued at about $395,000. Finally, First Hawaiian Bank boosted its holdings in Olin by 10.4% during the 1st quarter. First Hawaiian Bank now owns 20,218 shares of the specialty chemicals company’s stock valued at $768,000 after acquiring an additional 1,900 shares during the period. 84.70% of the stock is owned by hedge funds and other institutional investors.

Olin Company Profile

Olin Corporation manufactures and distributes chemical products in the United States, Europe, 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, hydrochloric acid, hydrogen, bleach products, potassium hydroxide, chlorinated organics intermediates and solvents, and sodium hypochlorite.

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Analyst Recommendations for Olin (NYSE:OLN)

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