Olin (NYSE:OLN)‘s stock had its “buy” rating restated by SunTrust Banks in a report released on Tuesday.

Several other equities analysts have also issued reports on OLN. Citigroup set a $40.00 target price on Olin and gave the stock a “buy” rating in a research note on Monday. Zacks Investment Research lowered Olin from a “buy” rating to a “hold” rating in a research note on Friday. Nomura decreased their target price on Olin from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Cowen reissued a “buy” rating and set a $41.00 target price on shares of Olin in a research note on Friday. Finally, Morgan Stanley set a $41.00 target price on Olin and gave the stock a “buy” rating in a research note on Monday. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $39.80.

Olin (OLN) opened at $31.32 on Tuesday. The firm has a market capitalization of $5,210.00, a price-to-earnings ratio of 9.67, a PEG ratio of 0.95 and a beta of 1.35. The company has a current ratio of 1.78, a quick ratio of 1.07 and a debt-to-equity ratio of 1.31. Olin has a twelve month low of $27.79 and a twelve month high of $38.84.

Olin (NYSE:OLN) last released its quarterly earnings results on Tuesday, February 6th. The specialty chemicals company reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $2.45. Olin had a return on equity of 6.02% and a net margin of 8.77%. The business had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the prior year, the business posted $0.11 EPS. The company’s revenue was up 16.9% compared to the same quarter last year. research analysts predict that Olin will post 2.34 earnings per share for the current year.

In other Olin news, EVP John L. Mcintosh sold 9,500 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $35.42, for a total value of $336,490.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.90% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of OLN. Bessemer Group Inc. raised its position in Olin by 971.4% in the 4th quarter. Bessemer Group Inc. now owns 4,725 shares of the specialty chemicals company’s stock valued at $168,000 after purchasing an additional 4,284 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in Olin in the 4th quarter valued at about $178,000. Naples Global Advisors LLC acquired a new stake in Olin in the 4th quarter valued at about $206,000. Fox Run Management L.L.C. acquired a new stake in Olin in the 4th quarter valued at about $210,000. Finally, Neuberger Berman Group LLC acquired a new stake in Olin in the 3rd quarter valued at about $216,000. 90.08% of the stock is currently owned by institutional investors.

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Olin Company Profile

Olin Corporation is a manufacturer and distributor of chemical products, and ammunition. The Company operates through three segments: Chlor Alkali Products and Vinyls, Epoxy and Winchester. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products and potassium hydroxide.

Analyst Recommendations for Olin (NYSE:OLN)

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