Shares of PolyOne Co. (NYSE:POL) have been given an average recommendation of “Hold” by the ten brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $39.35.

Several analysts have issued reports on POL shares. Zacks Investment Research raised PolyOne from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Tuesday, January 8th. Buckingham Research started coverage on PolyOne in a research note on Tuesday, February 5th. They issued a “buy” rating and a $32.40 price target on the stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Private Capital Group LLC grew its holdings in shares of PolyOne by 52.3% in the 4th quarter. Private Capital Group LLC now owns 1,298 shares of the specialty chemicals company’s stock valued at $37,000 after acquiring an additional 446 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of PolyOne by 0.9% in the 4th quarter. Arizona State Retirement System now owns 57,290 shares of the specialty chemicals company’s stock valued at $1,638,000 after acquiring an additional 528 shares in the last quarter. ETRADE Capital Management LLC grew its holdings in shares of PolyOne by 3.4% in the 4th quarter. ETRADE Capital Management LLC now owns 24,548 shares of the specialty chemicals company’s stock valued at $702,000 after acquiring an additional 811 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of PolyOne by 5.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 20,306 shares of the specialty chemicals company’s stock valued at $581,000 after acquiring an additional 1,011 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of PolyOne by 8.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 13,446 shares of the specialty chemicals company’s stock valued at $385,000 after acquiring an additional 1,047 shares in the last quarter. 93.71% of the stock is currently owned by hedge funds and other institutional investors.

PolyOne stock traded down $0.57 during mid-day trading on Monday, hitting $30.47. 431,048 shares of the company’s stock were exchanged, compared to its average volume of 528,146. The company has a market capitalization of $2.41 billion, a PE ratio of 12.54, a PEG ratio of 1.20 and a beta of 1.71. PolyOne has a fifty-two week low of $26.16 and a fifty-two week high of $45.70. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 2.47.

PolyOne (NYSE:POL) last released its quarterly earnings results on Tuesday, January 29th. The specialty chemicals company reported $0.41 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. PolyOne had a return on equity of 33.46% and a net margin of 4.52%. The firm had revenue of $834.00 million for the quarter, compared to the consensus estimate of $821.90 million. During the same quarter last year, the business posted $0.41 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Analysts predict that PolyOne will post 2.58 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were paid a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 2.56%. The ex-dividend date was Thursday, March 14th. PolyOne’s dividend payout ratio is 32.10%.

About PolyOne

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.

See Also: Why does the United States have a lingering trade deficit?

Analyst Recommendations for PolyOne (NYSE:POL)

Receive News & Ratings for PolyOne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PolyOne and related companies with MarketBeat.com's FREE daily email newsletter.