PolyOne Corporation (POL) Receives $41.25 Consensus Price Target from Brokerages

Shares of PolyOne Corporation (NYSE:POL) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $41.25.

POL has been the subject of several research reports. Zacks Investment Research downgraded shares of PolyOne Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. BidaskClub downgraded shares of PolyOne Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Jefferies Group LLC reissued a “hold” rating and issued a $42.00 price objective on shares of PolyOne Corporation in a research note on Friday, September 15th. Oppenheimer Holdings, Inc. initiated coverage on shares of PolyOne Corporation in a research note on Wednesday, August 16th. They issued an “outperform” rating and a $43.00 price objective for the company. Finally, CIBC initiated coverage on shares of PolyOne Corporation in a research note on Thursday, August 17th. They issued an “outperform” rating and a $43.00 price objective for the company.

PolyOne Corporation (NYSE POL) traded up 0.05% on Thursday, hitting $40.79. 333,954 shares of the stock were exchanged. The company has a 50-day moving average price of $37.85 and a 200 day moving average price of $37.15. The company’s market capitalization is $3.34 billion. PolyOne Corporation has a 1-year low of $28.77 and a 1-year high of $41.15.

PolyOne Corporation (NYSE:POL) last issued its quarterly earnings data on Tuesday, July 25th. The specialty chemicals company reported $0.63 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.63. The business had revenue of $814.10 million during the quarter, compared to the consensus estimate of $812.52 million. PolyOne Corporation had a negative net margin of 1.75% and a positive return on equity of 25.84%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.59 EPS. Analysts anticipate that PolyOne Corporation will post $2.21 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Friday, September 15th were given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Thursday, September 14th. PolyOne Corporation’s dividend payout ratio (DPR) is presently -73.97%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Acrospire Investment Management LLC increased its position in shares of PolyOne Corporation by 85.7% during the second quarter. Acrospire Investment Management LLC now owns 2,601 shares of the specialty chemicals company’s stock worth $101,000 after buying an additional 1,200 shares during the period. Advisor Group Inc. increased its position in shares of PolyOne Corporation by 2.6% during the second quarter. Advisor Group Inc. now owns 3,254 shares of the specialty chemicals company’s stock worth $126,000 after buying an additional 84 shares during the period. Quantbot Technologies LP acquired a new stake in shares of PolyOne Corporation during the second quarter worth $143,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of PolyOne Corporation by 57.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,746 shares of the specialty chemicals company’s stock worth $128,000 after buying an additional 1,370 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of PolyOne Corporation by 46.3% during the first quarter. Victory Capital Management Inc. now owns 4,223 shares of the specialty chemicals company’s stock worth $144,000 after buying an additional 1,336 shares during the period. Institutional investors own 93.99% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “PolyOne Corporation (POL) Receives $41.25 Consensus Price Target from Brokerages” was originally posted by The L

POL has been the subject of several research reports. Zacks Investment Research downgraded shares of PolyOne Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. BidaskClub downgraded shares of PolyOne Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Jefferies Group LLC reissued a “hold” rating and issued a $42.00 price objective on shares of PolyOne Corporation in a research note on Friday, September 15th. Oppenheimer Holdings, Inc. initiated coverage on shares of PolyOne Corporation in a research note on Wednesday, August 16th. They issued an “outperform” rating and a $43.00 price objective for the company. Finally, CIBC initiated coverage on shares of PolyOne Corporation in a research note on Thursday, August 17th. They issued an “outperform” rating and a $43.00 price objective for the company.

PolyOne Corporation (NYSE POL) traded up 0.05% on Thursday, hitting $40.79. 333,954 shares of the stock were exchanged. The company has a 50-day moving average price of $37.85 and a 200 day moving average price of $37.15. The company’s market capitalization is $3.34 billion. PolyOne Corporation has a 1-year low of $28.77 and a 1-year high of $41.15.

PolyOne Corporation (NYSE:POL) last issued its quarterly earnings data on Tuesday, July 25th. The specialty chemicals company reported $0.63 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.63. The business had revenue of $814.10 million during the quarter, compared to the consensus estimate of $812.52 million. PolyOne Corporation had a negative net margin of 1.75% and a positive return on equity of 25.84%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.59 EPS. Analysts anticipate that PolyOne Corporation will post $2.21 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Friday, September 15th were given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Thursday, September 14th. PolyOne Corporation’s dividend payout ratio (DPR) is presently -73.97%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Acrospire Investment Management LLC increased its position in shares of PolyOne Corporation by 85.7% during the second quarter. Acrospire Investment Management LLC now owns 2,601 shares of the specialty chemicals company’s stock worth $101,000 after buying an additional 1,200 shares during the period. Advisor Group Inc. increased its position in shares of PolyOne Corporation by 2.6% during the second quarter. Advisor Group Inc. now owns 3,254 shares of the specialty chemicals company’s stock worth $126,000 after buying an additional 84 shares during the period. Quantbot Technologies LP acquired a new stake in shares of PolyOne Corporation during the second quarter worth $143,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of PolyOne Corporation by 57.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,746 shares of the specialty chemicals company’s stock worth $128,000 after buying an additional 1,370 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of PolyOne Corporation by 46.3% during the first quarter. Victory Capital Management Inc. now owns 4,223 shares of the specialty chemicals company’s stock worth $144,000 after buying an additional 1,336 shares during the period. Institutional investors own 93.99% of the company’s stock.

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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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