Economy

Brokers Issue New Targets On Olin Corporation (NYSE:OLN)

Brokers Issue New Targets On Olin Corporation (NYSE:OLN)”

The firm owned 4,905,544 shares of the specialty chemicals company's stock after selling 1,623,307 shares during the period. Panagora Asset Mngmt Incorporated stated it has 0% in Olin Corporation (NYSE:OLN).

Other hedge funds have also purchased and unloaded stocks of the company. Following the completion of the sale, the executive vice president now directly owns 60,391 shares of the company's stock, valued at approximately $1,873,328.82. Great West Life Assurance Co. Texas Permanent School Fund has 0.05% invested in Olin Corporation (NYSE:OLN) for 121,124 shares. Acrospire Investment Management LLC now owns 4,400 shares of the specialty chemicals company's stock worth $133,000 after acquiring an additional 3,100 shares during the period. Iridian Asset Management LLC CT now owns 7,098,169 shares of the specialty chemicals company's stock worth $214,933,000 after buying an additional 1,553,430 shares during the last quarter.

King Street Capital Management L.P. holds 15.82% of its portfolio in Olin Corporation for 3.00 million shares. Morgan Stanley now owns 1,912,057 shares of the specialty chemicals company's stock worth $62,850,000 after purchasing an additional 660,806 shares in the last quarter. When volumes suddenly increase above normal levels, it can be a sign that investors feel very strongly in one way or the other about the future direction of a stock, or may even have access to inside information. Cowen and Company set a $39.00 price objective on Olin Corporation and gave the company a "buy" rating in a report on Friday, July 28th. There are brokerage firms with lower targets than the average, including one setting a price target of $27. Citigroup began coverage on Olin Corporation in a note on Wednesday. If the $37.24 price target is reached, the company will be worth $458.40M more. The stock of Olin Corporation (NYSE:OLN) has "Neutral" rating given on Tuesday, November 3 by UBS. A 8 analysts rate it as either a buy or a strong buy, while0 believe that investors should either steer clear of OLN or, if they already own its stock, sell it. RBC Capital Markets maintained Olin Corporation (NYSE:OLN) rating on Thursday, February 4.

Shares of Olin Corporation (NYSE OLN) opened at 33.89 on Thursday. Olin Corporation has a 1-year low of $18.52 and a 1-year high of $34.65. The company has market cap of $251.58 million. The specialty chemicals company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.15). The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. Olin had a negative net margin of 0.07% and a positive return on equity of 7.56%.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. This showed a surprise of -50% in the last quarter earnings. Olin Corporation (OLN) average trading volume of 1,903,425 during the past month is 13.16% below its average volume over the past year, indicating that investors have been less active than usual in the stock in recent times. The ex-dividend date was Tue, Aug 8th. this indicates a $0.80 dividend on a yearly basis and a payout of 2.37%. On Tuesday, August 25 the stock rating was maintained by Cowen & Co with "Buy". Olin Corporation's yield ratio is presently 320.00%. For the next 5 years, Olin Corp.is expecting Growth of 18.5% per annum, whereas in the past 5 years the growth was -29.7% per annum. $31.38's average target is -7.68% below currents $33.99 stock price. The transaction related to this sale was declared in a document with the securities and exchange commission, which is accessible through this hyperlink. Also, EVP John L. Mcintosh sold 24,000 shares of the business's stock in a transaction dated Thursday, August 3rd. Proxima Capital Management Llc acquired 38,800 shares as Olin Corp (OLN)'s stock rose 1.10%. Olin Corporation (NYSE:OLN) has been trading in a bullish manner, based on the relative positions of the stock's 20 and 200 day moving averages.

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That's a potential 3.81 increase relative to where Olin Corporation (NYSE:OLN) has been trading recently. The Firm operates through three divisions: Chlor Alkali Products and Vinyls, Epoxy and Winchester.



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