Olin (OLN) Given a $41.00 Price Target at Morgan Stanley

Morgan Stanley set a $41.00 target price on Olin (NYSE:OLN) in a research report report published on Monday. The firm currently has a buy rating on the specialty chemicals company’s stock.

Several other equities analysts have also weighed in on the stock. Citigroup set a $40.00 price objective on shares of Olin and gave the company a buy rating in a research report on Monday. Cowen restated a buy rating and set a $41.00 price objective on shares of Olin in a research report on Friday, February 9th. Zacks Investment Research lowered shares of Olin from a buy rating to a hold rating in a research report on Friday, February 9th. Nomura reduced their price objective on shares of Olin from $43.00 to $40.00 and set a buy rating for the company in a research report on Thursday, February 8th. Finally, Vertical Research upgraded shares of Olin from a hold rating to a buy rating in a research report on Wednesday, January 3rd. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Olin currently has an average rating of Buy and an average price target of $39.80.

Olin (OLN) opened at $32.72 on Monday. The stock has a market cap of $5,392.32, a PE ratio of 37.97, a P/E/G ratio of 1.03 and a beta of 1.36. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.78 and a quick ratio of 1.07. Olin has a 12-month low of $27.79 and a 12-month high of $38.84.

Olin (NYSE:OLN) last announced its earnings results on Tuesday, February 6th. The specialty chemicals company reported $2.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $2.45. The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.53 billion. Olin had a net margin of 8.77% and a return on equity of 6.02%. Olin’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.11 EPS. equities analysts forecast that Olin will post 2.27 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 9th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Thursday, February 8th. Olin’s dividend payout ratio is presently 24.69%.

In other news, Director Randall W. Larrimore acquired 800 shares of Olin stock in a transaction on Monday, February 12th. The stock was bought at an average cost of $31.28 per share, with a total value of $25,024.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.90% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System lifted its stake in Olin by 0.6% during the fourth quarter. California State Teachers Retirement System now owns 277,288 shares of the specialty chemicals company’s stock valued at $9,866,000 after buying an additional 1,565 shares in the last quarter. Advisor Group Inc. lifted its position in shares of Olin by 7.9% in the third quarter. Advisor Group Inc. now owns 22,836 shares of the specialty chemicals company’s stock worth $784,000 after purchasing an additional 1,665 shares in the last quarter. Financial Engines Advisors L.L.C. lifted its position in shares of Olin by 2.5% in the third quarter. Financial Engines Advisors L.L.C. now owns 68,528 shares of the specialty chemicals company’s stock worth $2,347,000 after purchasing an additional 1,696 shares in the last quarter. Meadow Creek Investment Management LLC lifted its position in shares of Olin by 21.9% in the fourth quarter. Meadow Creek Investment Management LLC now owns 10,256 shares of the specialty chemicals company’s stock worth $365,000 after purchasing an additional 1,840 shares in the last quarter. Finally, Amalgamated Bank lifted its position in shares of Olin by 6.5% in the fourth quarter. Amalgamated Bank now owns 31,767 shares of the specialty chemicals company’s stock worth $1,130,000 after purchasing an additional 1,930 shares in the last quarter. 90.08% of the stock is owned by institutional investors.

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About Olin

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 (NYSE:OLN)

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