PolyOne (POL) Lowered to Neutral at Robert W. Baird

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.

PolyOne (NYSE:POL) last posted its quarterly earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The firm had revenue of $818.50 million for the quarter, compared to analyst estimates of $789.32 million. PolyOne had a positive return on equity of 27.77% and a negative net margin of 1.87%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.55 EPS. equities research analysts forecast that PolyOne will post 2.19 EPS for the current year.

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.

Analyst Recommendations for PolyOne (NYSE:POL)

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