Shares of PolyOne Co. (NYSE:POL) have been given a consensus recommendation of “Buy” by the eleven research firms that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $45.60.
A number of research firms recently weighed in on POL. ValuEngine raised PolyOne from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Northcoast Research reaffirmed a “neutral” rating on shares of PolyOne in a report on Monday, January 29th. SunTrust Banks reaffirmed a “buy” rating on shares of PolyOne in a report on Monday, January 29th. KeyCorp reaffirmed a “buy” rating and set a $50.00 price target on shares of PolyOne in a report on Monday, January 29th. Finally, Zacks Investment Research cut PolyOne from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in POL. World Asset Management Inc acquired a new stake in shares of PolyOne in the 3rd quarter valued at $209,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of PolyOne by 36.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,555 shares of the specialty chemicals company’s stock worth $242,000 after purchasing an additional 1,492 shares during the period. Magnetar Financial LLC acquired a new stake in shares of PolyOne during the third quarter worth $256,000. Envestnet Asset Management Inc. grew its stake in shares of PolyOne by 35.3% during the third quarter. Envestnet Asset Management Inc. now owns 6,490 shares of the specialty chemicals company’s stock worth $261,000 after purchasing an additional 1,693 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of PolyOne during the third quarter worth $265,000. 92.67% of the stock is owned by institutional investors.
PolyOne (NYSE POL) traded up $0.54 during trading on Friday, hitting $43.87. The company had a trading volume of 140,820 shares, compared to its average volume of 412,908. The company has a debt-to-equity ratio of 2.13, a current ratio of 1.87 and a quick ratio of 1.29. The company has a market cap of $3,442.60, a P/E ratio of -61.90, a PEG ratio of 1.62 and a beta of 1.73. PolyOne has a 1-year low of $32.43 and a 1-year high of $47.48.
PolyOne (NYSE:POL) last posted its earnings results on Friday, January 26th. The specialty chemicals company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The business had revenue of $801.00 million during the quarter, compared to the consensus estimate of $739.77 million. PolyOne had a positive return on equity of 29.46% and a negative net margin of 1.73%. PolyOne’s revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the company earned $0.38 EPS. sell-side analysts anticipate that PolyOne will post 2.54 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Tuesday, March 20th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Monday, March 19th. This represents a $0.70 annualized dividend and a dividend yield of 1.60%. PolyOne’s dividend payout ratio (DPR) is currently -100.00%.
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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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