PolyOne (NYSE:POL) was downgraded by investment analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a research note issued to investors on Tuesday, MarketBeat Ratings reports. They presently have a $46.00 price target on the specialty chemicals company’s stock. Robert W. Baird’s price target indicates a potential upside of 0.77% from the company’s previous close.
POL has been the topic of several other research reports. SunTrust Banks reaffirmed a “buy” rating and set a $42.00 price target on shares of PolyOne in a research report on Friday, October 27th. ValuEngine raised PolyOne from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Jefferies Group reaffirmed a “hold” rating and set a $42.00 price target on shares of PolyOne in a research report on Thursday, October 19th. Zacks Investment Research raised PolyOne from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Wednesday, December 27th. Finally, KeyCorp set a $47.00 price target on PolyOne and gave the stock a “buy” rating in a research report on Thursday, October 26th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $44.57.
PolyOne (POL) traded down $0.58 during trading hours on Tuesday, hitting $45.65. The company’s stock had a trading volume of 299,700 shares, compared to its average volume of 319,033. The firm has a market cap of $3,690.00, a price-to-earnings ratio of 21.84, a price-to-earnings-growth ratio of 1.85 and a beta of 1.83. PolyOne has a 52-week low of $31.68 and a 52-week high of $46.79. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.96 and a quick ratio of 1.38.
Hedge funds have recently bought and sold shares of the stock. Acrospire Investment Management LLC increased its holdings in shares of PolyOne by 85.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,601 shares of the specialty chemicals company’s stock worth $101,000 after acquiring an additional 1,200 shares during the last quarter. Advisor Group Inc. increased its holdings in shares of PolyOne by 2.6% during the 2nd quarter. Advisor Group Inc. now owns 3,254 shares of the specialty chemicals company’s stock worth $126,000 after acquiring an additional 84 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of PolyOne during the 2nd quarter worth approximately $143,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of PolyOne by 8.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,063 shares of the specialty chemicals company’s stock worth $157,000 after acquiring an additional 317 shares during the last quarter. Finally, World Asset Management Inc acquired a new position in shares of PolyOne during the 3rd quarter worth approximately $209,000. 93.67% of the stock is currently owned by institutional investors and hedge funds.
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PolyOne Company Profile
PolyOne Corporation (PolyOne) provides specialized polymer materials, services and solutions. The Company’s segments include Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions, and PolyOne Distribution. The Color, Additives and Inks segment provides custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets.
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