PolyOne (POL) Raised to Buy at ValuEngine

PolyOne (NYSE:POL) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Sunday, December 31st.

POL has been the topic of several other reports. SunTrust Banks reiterated a “buy” rating and issued a $42.00 price objective on shares of PolyOne in a report on Friday, October 27th. Jefferies Group reiterated a “hold” rating and issued a $42.00 price objective on shares of PolyOne in a report on Friday, September 15th. Zacks Investment Research upgraded PolyOne from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a report on Wednesday, December 27th. KeyCorp set a $47.00 target price on PolyOne and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Robert W. Baird restated a “buy” rating and set a $42.00 target price on shares of PolyOne in a report on Thursday, October 12th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. PolyOne presently has a consensus rating of “Buy” and a consensus target price of $44.57.

Shares of PolyOne (NYSE POL) opened at $44.42 on Friday. The company has a market capitalization of $3,590.00, a price-to-earnings ratio of 21.25, a PEG ratio of 1.85 and a beta of 1.83. The company has a current ratio of 1.96, a quick ratio of 1.38 and a debt-to-equity ratio of 2.32. PolyOne has a twelve month low of $31.68 and a twelve month high of $46.79.

PolyOne (NYSE:POL) last issued its earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.03. The company had revenue of $818.50 million during 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 firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS. sell-side analysts expect that PolyOne will post 2.19 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Advisor Group Inc. raised its position in PolyOne by 2.6% in the second quarter. Advisor Group Inc. now owns 3,254 shares of the specialty chemicals company’s stock valued at $126,000 after purchasing an additional 84 shares during the period. Amalgamated Bank raised its position in PolyOne by 1.5% in the second quarter. Amalgamated Bank now owns 11,704 shares of the specialty chemicals company’s stock valued at $453,000 after purchasing an additional 175 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in PolyOne by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,063 shares of the specialty chemicals company’s stock valued at $157,000 after purchasing an additional 317 shares during the period. Northwestern Mutual Investment Management Company LLC raised its position in PolyOne by 2.5% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 14,510 shares of the specialty chemicals company’s stock valued at $511,000 after purchasing an additional 350 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in PolyOne by 0.8% in the second quarter. PNC Financial Services Group Inc. now owns 84,811 shares of the specialty chemicals company’s stock valued at $3,286,000 after purchasing an additional 707 shares during the period. 93.67% of the stock is currently owned by institutional investors.

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About PolyOne

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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