PolyOne Corp. (NYSE:POL) had its target price trimmed by Jefferies Group from $40.00 to $36.00 in a research report sent to investors on Wednesday morning. The firm currently has a hold rating on the stock.
Several other brokerages have also recently weighed in on POL. Zacks Investment Research cut shares of PolyOne Corp. from a buy rating to a hold rating in a research note on Tuesday, August 2nd. Wellington Shields raised shares of PolyOne Corp. from a hold rating to a gradually accumulate rating in a research note on Thursday, June 30th. Finally, Goldman Sachs Group Inc. cut shares of PolyOne Corp. from a buy rating to a neutral rating and decreased their target price for the company from $42.00 to $38.00 in a research note on Wednesday, July 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. PolyOne Corp. has an average rating of Hold and an average price target of $37.33.
PolyOne Corp. (NYSE:POL) opened at 31.24 on Wednesday. PolyOne Corp. has a 1-year low of $22.35 and a 1-year high of $38.41. The company’s 50-day moving average is $32.98 and its 200 day moving average is $34.67. The firm has a market capitalization of $2.63 billion, a PE ratio of 19.71 and a beta of 1.41.
PolyOne Corp. (NYSE:POL) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. The company earned $861.50 million during the quarter, compared to analysts’ expectations of $879.38 million. PolyOne Corp. had a net margin of 4.11% and a return on equity of 25.34%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the business earned $0.57 EPS. On average, equities analysts expect that PolyOne Corp. will post $2.17 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 6th. Shareholders of record on Friday, December 16th will be given a dividend of $0.1325 per share. This represents a $0.53 dividend on an annualized basis and a yield of 1.70%. This is a boost from PolyOne Corp.’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Wednesday, December 14th. PolyOne Corp.’s payout ratio is 30.19%.
Institutional investors have recently added to or reduced their stakes in the company. Boston Advisors LLC boosted its position in PolyOne Corp. by 0.6% in the second quarter. Boston Advisors LLC now owns 18,004 shares of the company’s stock worth $634,000 after buying an additional 100 shares during the period. Azimuth Capital Management LLC boosted its position in PolyOne Corp. by 1.5% in the second quarter. Azimuth Capital Management LLC now owns 6,800 shares of the company’s stock worth $240,000 after buying an additional 100 shares during the period. HL Financial Services LLC boosted its position in PolyOne Corp. by 2.3% in the second quarter. HL Financial Services LLC now owns 15,550 shares of the company’s stock worth $548,000 after buying an additional 350 shares during the period. Amalgamated Bank boosted its position in PolyOne Corp. by 3.6% in the second quarter. Amalgamated Bank now owns 10,138 shares of the company’s stock worth $344,000 after buying an additional 351 shares during the period. Finally, IronBridge Capital Management LP boosted its position in PolyOne Corp. by 0.3% in the second quarter. IronBridge Capital Management LP now owns 127,199 shares of the company’s stock worth $4,482,000 after buying an additional 360 shares during the period. 92.48% of the stock is owned by hedge funds and other institutional investors.
PolyOne Corp. Company Profile
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