PolyOne (NYSE:POL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Saturday. The brokerage currently has a $47.00 price objective on the specialty chemicals company’s stock. Zacks Investment Research‘s target price points to a potential upside of 8.92% from the stock’s previous close.

According to Zacks, “PolyOne Corporation is a premier provider of specialized polymer materials, services and solutions. PolyOne are dedicated to serving customers in diverse industries around the globe, by creating value through collaboration, innovation and an unwavering commitment to excellence. PolyOne, business is structured to provide operations with the specialized polymer materials, services and solutions need. PolyOne are a premier provider of specialty polymer formulations, color and additive systems, plastic sheet and packaging solutions and polymer distribution. A leading provider of specialized custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets, as well as specialty inks, plastisols, and vinyl slush molding solutions. “

A number of other brokerages have also recently issued reports on POL. SunTrust Banks reiterated a “buy” rating on shares of PolyOne in a report on Monday, January 29th. ValuEngine upgraded shares of PolyOne from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. KeyCorp reiterated a “buy” rating and set a $50.00 price objective on shares of PolyOne in a report on Monday, January 29th. Northcoast Research reiterated a “neutral” rating on shares of PolyOne in a report on Monday, January 29th. Finally, Robert W. Baird cut shares of PolyOne from an “outperform” rating to a “neutral” rating and set a $46.00 price objective for the company. in a report on Tuesday, January 16th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $45.29.

Shares of NYSE POL opened at $43.15 on Friday. The stock has a market cap of $3,420.76, a PE ratio of 19.52, a price-to-earnings-growth ratio of 1.63 and a beta of 1.66. PolyOne has a 1 year low of $34.15 and a 1 year high of $47.48. The company has a quick ratio of 1.29, a current ratio of 1.81 and a debt-to-equity ratio of 2.25.

PolyOne (NYSE:POL) last issued its quarterly earnings data on Thursday, April 26th. The specialty chemicals company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.03. The firm had revenue of $901.60 million during the quarter, compared to analysts’ expectations of $870.60 million. PolyOne had a negative net margin of 1.73% and a positive return on equity of 32.45%. The business’s revenue was up 13.2% on a year-over-year basis. During the same period last year, the company earned $0.59 earnings per share. research analysts anticipate that PolyOne will post 2.54 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB purchased a new position in PolyOne during the fourth quarter worth about $347,000. MetLife Investment Advisors LLC purchased a new position in PolyOne during the fourth quarter worth about $3,821,000. Gotham Asset Management LLC purchased a new position in PolyOne during the fourth quarter worth about $10,600,000. HBK Sorce Advisory LLC purchased a new position in PolyOne during the fourth quarter worth about $1,218,000. Finally, Metropolitan Life Insurance Co. NY purchased a new position in PolyOne during the fourth quarter worth about $1,985,000. Institutional investors and hedge funds own 93.85% of the company’s stock.

About PolyOne

PolyOne Corporation provides specialized polymer materials, services, and solutions in the United States, Canada, Mexico, Europe, South America, and Asia. The company operates in four segments: Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions; and PolyOne Distribution.

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Analyst Recommendations for PolyOne (NYSE:POL)

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