Olin Corporation (OLN) Given Consensus Recommendation of “Buy” by Analysts

Olin Corporation (NYSE:OLN) has received a consensus rating of “Buy” from the twelve ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $37.13.

Several research analysts have recently weighed in on the stock. SunTrust Banks, Inc. restated a “buy” rating and issued a $46.00 target price on shares of Olin Corporation in a research note on Monday, November 6th. TheStreet upgraded shares of Olin Corporation from a “c+” rating to a “b” rating in a research note on Tuesday, October 31st. Zacks Investment Research upgraded shares of Olin Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Cowen and Company restated an “outperform” rating and issued a $42.00 target price (up from $39.00) on shares of Olin Corporation in a research note on Tuesday, October 10th. Finally, Citigroup Inc. assumed coverage on shares of Olin Corporation in a research note on Wednesday, September 27th. They issued a “buy” rating and a $39.00 target price for the company.

In other news, Chairman John E. Fischer sold 37,583 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $36.80, for a total value of $1,383,054.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP John Maurice Sampson sold 3,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $36.58, for a total transaction of $109,740.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,583 shares of company stock worth $2,404,794. Insiders own 2.90% of the company’s stock.

Several institutional investors have recently bought and sold shares of OLN. Renaissance Technologies LLC acquired a new stake in shares of Olin Corporation in the 1st quarter worth about $805,000. AQR Capital Management LLC acquired a new stake in shares of Olin Corporation in the 1st quarter worth about $1,652,000. Capstone Asset Management Co. increased its holdings in shares of Olin Corporation by 5.7% in the 2nd quarter. Capstone Asset Management Co. now owns 12,515 shares of the specialty chemicals company’s stock worth $379,000 after acquiring an additional 680 shares during the period. Creative Planning increased its holdings in shares of Olin Corporation by 130.8% in the 2nd quarter. Creative Planning now owns 5,050 shares of the specialty chemicals company’s stock worth $153,000 after acquiring an additional 2,862 shares during the period. Finally, Eqis Capital Management Inc. acquired a new stake in shares of Olin Corporation in the 2nd quarter worth about $263,000. Institutional investors own 93.79% of the company’s stock.

Shares of Olin Corporation (OLN) traded up $1.12 during mid-day trading on Thursday, reaching $36.48. 463,593 shares of the company traded hands, compared to its average volume of 2,155,428. Olin Corporation has a 1 year low of $24.68 and a 1 year high of $37.52. The company has a quick ratio of 1.03, a current ratio of 1.72 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $6,070.00, a price-to-earnings ratio of 43.95, a price-to-earnings-growth ratio of 4.08 and a beta of 1.41.

Olin Corporation (NYSE:OLN) last released its quarterly earnings data on Monday, October 30th. The specialty chemicals company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.04). Olin Corporation had a return on equity of 6.05% and a net margin of 1.29%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the company earned $0.11 EPS. Olin Corporation’s revenue was up 7.0% on a year-over-year basis. sell-side analysts anticipate that Olin Corporation will post 0.9 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 10th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.80 dividend on an annualized basis and a yield of 2.19%. Olin Corporation’s dividend payout ratio (DPR) is 173.91%.

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Olin Corporation 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 Corporation (NYSE:OLN)

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