PolyOne (NYSE:POL) was downgraded by equities researchers at TheStreet from a “b-” rating to a “c+” rating in a research note issued on Tuesday, TheStreetRatingsTable reports.
Several other research analysts have also commented on the company. ValuEngine lowered PolyOne from a “buy” rating to a “hold” rating in a report on Tuesday, December 3rd. Zacks Investment Research lowered PolyOne from a “buy” rating to a “hold” rating in a report on Wednesday, September 25th. Finally, Wells Fargo & Co assumed coverage on PolyOne in a report on Tuesday, October 15th. They set a “market perform” rating and a $35.00 price target on the stock. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $34.71.
NYSE POL opened at $30.69 on Tuesday. PolyOne has a 52 week low of $24.47 and a 52 week high of $35.30. The company has a quick ratio of 1.43, a current ratio of 1.88 and a debt-to-equity ratio of 2.45. The business’s fifty day simple moving average is $32.27 and its 200-day simple moving average is $31.09. The firm has a market cap of $2.40 billion, a PE ratio of 12.63, a P/E/G ratio of 1.94 and a beta of 1.68.
PolyOne (NYSE:POL) last posted its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. PolyOne had a return on equity of 30.57% and a net margin of 4.03%. The business had revenue of $705.00 million for the quarter, compared to analyst estimates of $721.91 million. During the same quarter in the previous year, the firm earned $0.62 EPS. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. Research analysts expect that PolyOne will post 1.62 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of POL. FMR LLC raised its holdings in PolyOne by 24,667.3% in the 1st quarter. FMR LLC now owns 243,463 shares of the specialty chemicals company’s stock valued at $7,136,000 after buying an additional 242,480 shares during the period. First Trust Advisors LP grew its position in PolyOne by 253.4% in the 1st quarter. First Trust Advisors LP now owns 67,492 shares of the specialty chemicals company’s stock valued at $1,978,000 after acquiring an additional 48,396 shares in the last quarter. Arizona State Retirement System grew its position in PolyOne by 1.2% in the 2nd quarter. Arizona State Retirement System now owns 56,476 shares of the specialty chemicals company’s stock valued at $1,773,000 after acquiring an additional 667 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its position in PolyOne by 32.6% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 34,903 shares of the specialty chemicals company’s stock valued at $1,096,000 after acquiring an additional 8,580 shares in the last quarter. Finally, Aviva PLC acquired a new position in PolyOne in the 2nd quarter valued at about $645,000. Hedge funds and other institutional investors own 91.93% of the company’s stock.
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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