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 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.

TRADEMARK VIOLATION NOTICE: This report was first published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this article on another website, it was stolen and republished in violation of US & worldwide trademark and copyright laws.

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.

Like this


30 September 2017
FDA approves Lilly's breast cancer drug Verzenio
It's offering patients financial assistance, including 12 months with a minimal copayment for those with commercial insurance. Verzenio can cause serious side effects, including diarrhea, low white blood cell count and unsafe blood clots.

30 September 2017
Police warn of 'crime spree' across southern Ontario
Kevin Stapleford-Francalanza and Rachel Hayden are wanted on dozens of charges that range from vehicle and gas theft to shoplifting.

30 September 2017
John Fox, Bears Won't Commit To Starting Quarterback
Mike Glennon , who signed a three-year deal with the Bears in the offseason, has struggled this season. Success! An email has been sent with a link to confirm list signup.

30 September 2017
Brocade Communications Systems, Inc. (NASDAQ:BRCD)
Moreover, Tyrus Capital Sam has 2.71% invested in Brocade Communications Systems, Inc . (NASDAQ: BRCD ) for 79,169 shares. Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company.

30 September 2017
Hawks guard Dennis Schroder arrested on misdemeanor battery charge
National Basketball Association players are subject to fines and suspensions under the personal conduct policy in their contracts. The beatdown was reportedly broken up by security, then cops caught Schroder's crew trying to bolt.

30 September 2017
Odell Beckham Fined $12154 for Dog Celebration vs. Eagles
Big Blue is 0-3 on the season and faces Tampa Bay on Sunday. "He seems dialed in a focused on his preparation". Rookie tight end Evan Engram was fined for grabbing his crotch in the Giants' loss to the Lions in Week 2.

29 September 2017
Versartis, Inc. (VSAR) Major Shareholder Sells $7007700.00 in Stock
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink . Secor Capital Advisors, Lp bolstered its position by buying 64,630 shares an increase of 289.3% from 03/31/2017 to 06/30/2017.

29 September 2017
US Consumer Spending Soft in August
Consumer spending accounts for almost 70% of economic activity but the August dip may not be of much concern. While still being well below the Fed´s 2% inflation target, it marks the lowest core PCE rate since 2015.

29 September 2017
Analysts Estimates And Ratings Oracle Corporation (ORCL)
The enterprise software provider reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.02. The firm has "Hold" rating by Cowen & Co given on Monday, August 7. 11,838,300 shares of the company's stock were exchanged.

29 September 2017
White Square Capital LLP Grows Holdings in NXP Semiconductors NV (NASDAQ:NXPI)
BidaskClub upgraded NXP Semiconductors N.V. from a "hold" rating to a "buy" rating in a research note on Wednesday, August 9th. Want to see what other hedge funds are holding NXPI? Mar Vista Invest Prtn Lc holds 1.5% or 339,181 shares in its portfolio.