Headlines about Olin (NYSE:OLN) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Olin earned a news impact score of 0.10 on Accern’s scale. Accern also gave headlines about the specialty chemicals company an impact score of 46.0365230620348 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the headlines that may have effected Accern’s rankings:
- Olin’s (OLN) Buy Rating Reiterated at SunTrust Banks (americanbankingnews.com)
- Gun stocks reverse early gains after the Florida school shooting (AODB, RGR, OLN) (finance.yahoo.com)
- Gun stocks are rallying after the Florida school shooting (AODB, RGR, OLN) (msn.com)
- Gun Stocks Rise Again In Aftermath of Florida School Shooting (finance.yahoo.com)
- Florida School Shooting: Gun Stocks Briefly Rise (finance.yahoo.com)
Olin (OLN) traded down $0.56 on Friday, hitting $32.67. The stock had a trading volume of 1,580,000 shares, compared to its average volume of 2,480,000. The company has a market cap of $5,440.00, a P/E ratio of 10.08, a PEG ratio of 1.12 and a beta of 1.35. Olin has a 52 week low of $27.79 and a 52 week high of $38.84. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.07 and a current ratio of 1.78.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 9th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.80 annualized dividend and a dividend yield of 2.45%. Olin’s dividend payout ratio (DPR) is presently 24.69%.
A number of brokerages have commented on OLN. Royal Bank of Canada restated a “buy” rating and issued a $42.00 target price on shares of Olin in a research note on Thursday, December 14th. Zacks Investment Research upgraded Olin from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Friday, January 12th. Morgan Stanley began coverage on Olin in a research note on Tuesday, January 9th. They issued an “overweight” rating and a $45.00 target price on the stock. SunTrust Banks restated a “buy” rating and issued a $46.00 target price on shares of Olin in a research note on Monday, November 6th. Finally, Vertical Research upgraded Olin from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $39.80.
In related news, Director Randall W. Larrimore purchased 800 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was bought at an average price of $31.28 per share, for a total transaction of $25,024.00. Following the purchase, the director now owns 6,500 shares in the company, valued at approximately $203,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.90% of the company’s stock.
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Olin Company Profile
Olin Corporation is a manufacturer and distributor of chemical products, and ammunition. The Company operates through three segments: Chlor Alkali Products and Vinyls, Epoxy and Winchester. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products and potassium hydroxide.
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