Jefferies Group LLC reaffirmed their hold rating on shares of PolyOne Corporation (NYSE:POL) in a research report report published on Thursday. Jefferies Group LLC currently has a $42.00 price objective on the specialty chemicals company’s stock.

A number of other research firms have also recently commented on POL. Robert W. Baird restated a buy rating and issued a $42.00 price objective on shares of PolyOne Corporation in a research report on Thursday, October 12th. BidaskClub upgraded shares of PolyOne Corporation from a sell rating to a hold rating in a research report on Wednesday, July 5th. Zacks Investment Research cut shares of PolyOne Corporation from a buy rating to a hold rating in a research report on Tuesday, July 4th. CIBC began coverage on shares of PolyOne Corporation in a research report on Thursday, August 17th. They issued an outperform rating and a $43.00 price objective for the company. Finally, Oppenheimer Holdings, Inc. began coverage on shares of PolyOne Corporation in a research report on Wednesday, August 16th. They issued an outperform rating and a $43.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. PolyOne Corporation has a consensus rating of Hold and a consensus target price of $42.50.

Shares of PolyOne Corporation (NYSE POL) opened at 41.76 on Thursday. The stock has a 50 day moving average price of $39.26 and a 200 day moving average price of $37.69. The firm’s market cap is $3.42 billion. PolyOne Corporation has a 12 month low of $28.77 and a 12 month high of $41.78.

PolyOne Corporation (NYSE:POL) last released its quarterly earnings data on Tuesday, July 25th. The specialty chemicals company reported $0.63 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.63. PolyOne Corporation had a negative net margin of 1.75% and a positive return on equity of 25.84%. The business had revenue of $814.10 million during the quarter, compared to analysts’ expectations of $812.52 million. During the same quarter in the prior year, the company earned $0.59 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. On average, equities research analysts expect that PolyOne Corporation will post $2.20 EPS for the current year.

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The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Friday, December 15th will be paid a $0.175 dividend. The ex-dividend date is Thursday, December 14th. This is a positive change from PolyOne Corporation’s previous quarterly dividend of $0.14. This represents a $0.70 dividend on an annualized basis and a yield of 1.68%. PolyOne Corporation’s dividend payout ratio is presently -73.97%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in PolyOne Corporation by 13,264.4% in the 1st quarter. BlackRock Inc. now owns 9,786,179 shares of the specialty chemicals company’s stock worth $333,610,000 after purchasing an additional 9,712,953 shares during the period. Vanguard Group Inc. boosted its stake in PolyOne Corporation by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 7,030,120 shares of the specialty chemicals company’s stock worth $239,657,000 after purchasing an additional 295,988 shares during the period. Alliancebernstein L.P. boosted its stake in PolyOne Corporation by 3.1% in the 2nd quarter. Alliancebernstein L.P. now owns 3,090,961 shares of the specialty chemicals company’s stock worth $119,744,000 after purchasing an additional 92,253 shares during the period. State Street Corp boosted its stake in PolyOne Corporation by 3.2% in the 2nd quarter. State Street Corp now owns 2,778,681 shares of the specialty chemicals company’s stock worth $107,643,000 after purchasing an additional 86,473 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in PolyOne Corporation by 12.0% in the 2nd quarter. Wells Fargo & Company MN now owns 2,096,520 shares of the specialty chemicals company’s stock worth $81,220,000 after purchasing an additional 225,312 shares during the period. 93.98% of the stock is owned by hedge funds and other institutional investors.

About PolyOne Corporation

PolyOne Corporation (PolyOne) provides specialized polymer materials, services and solutions. The Company’s segments include Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions, and PolyOne Distribution. The Color, Additives and Inks segment provides custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets.

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