TheStreet cut shares of PolyOne (NYSE:POL) from a b- rating to a c+ rating in a research report report published on Tuesday, December 10th, TheStreetRatingsTable reports.
POL has been the subject of several other research reports. ValuEngine downgraded PolyOne from a buy rating to a hold rating in a research note on Tuesday, December 3rd. Wells Fargo & Co started coverage on PolyOne in a research note on Tuesday, October 15th. They set a market perform rating and a $35.00 price target for the company. Finally, Zacks Investment Research downgraded PolyOne from a buy rating to a hold rating in a research note on Wednesday, September 25th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $35.57.
PolyOne stock traded down $1.34 during midday trading on Tuesday, reaching $35.44. The company’s stock had a trading volume of 749,300 shares, compared to its average volume of 637,750. PolyOne has a fifty-two week low of $24.47 and a fifty-two week high of $37.33. The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.43 and a current ratio of 1.88. The stock’s 50 day simple moving average is $33.36 and its 200 day simple moving average is $32.10. The firm has a market capitalization of $2.83 billion, a PE ratio of 14.58, a P/E/G ratio of 2.02 and a beta of 1.73.
PolyOne (NYSE:POL) last released its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The business had revenue of $705.00 million during the quarter, compared to the consensus estimate of $721.91 million. PolyOne had a return on equity of 30.57% and a net margin of 4.03%. The business’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.62 EPS. Equities analysts predict that PolyOne will post 1.65 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Friday, December 13th will be given a dividend of $0.203 per share. This represents a $0.81 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Thursday, December 12th. This is a boost from PolyOne’s previous quarterly dividend of $0.20. PolyOne’s dividend payout ratio (DPR) is currently 33.33%.
A number of institutional investors have recently bought and sold shares of POL. FMR LLC increased its position in PolyOne by 24,667.3% during the 1st quarter. FMR LLC now owns 243,463 shares of the specialty chemicals company’s stock worth $7,136,000 after purchasing an additional 242,480 shares in the last quarter. First Trust Advisors LP increased its position in PolyOne by 253.4% during the 1st quarter. First Trust Advisors LP now owns 67,492 shares of the specialty chemicals company’s stock worth $1,978,000 after purchasing an additional 48,396 shares in the last quarter. Arizona State Retirement System increased its position in PolyOne by 1.2% during the 2nd quarter. Arizona State Retirement System now owns 56,476 shares of the specialty chemicals company’s stock worth $1,773,000 after purchasing an additional 667 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in PolyOne by 32.6% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 34,903 shares of the specialty chemicals company’s stock worth $1,096,000 after purchasing an additional 8,580 shares in the last quarter. Finally, Aviva PLC purchased a new stake in PolyOne during the 2nd quarter worth about $645,000. Hedge funds and other institutional investors own 91.91% of the company’s stock.
PolyOne Company Profile
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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