PolyOne (NYSE:POL) was upgraded by TheStreet from a “c+” rating to a “b-” rating in a research note issued on Thursday, TheStreetRatingsTable reports.

Several other brokerages have also recently weighed in on POL. SunTrust Banks lifted their price target on Okta to $110.00 and gave the company a “hold” rating in a research report on Friday, May 31st. Zacks Investment Research cut Hallmark Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday. Northcoast Research upgraded PolyOne from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Thursday, April 18th. KeyCorp reduced their price target on PolyOne from $36.00 to $34.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. Finally, ValuEngine cut Welbilt from a “hold” rating to a “sell” rating in a research report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $35.86.

Shares of POL traded down $0.78 during mid-day trading on Thursday, hitting $32.21. The stock had a trading volume of 927,229 shares, compared to its average volume of 494,584. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 13.26, a P/E/G ratio of 1.37 and a beta of 1.74. The stock’s fifty day moving average price is $29.95. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.16 and a current ratio of 1.68. PolyOne has a 52 week low of $24.47 and a 52 week high of $45.34.

PolyOne (NYSE:POL) last issued its earnings results on Thursday, July 25th. The specialty chemicals company reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.01. The firm had revenue of $903.80 million for the quarter, compared to analyst estimates of $933.34 million. PolyOne had a return on equity of 33.07% and a net margin of 4.03%. The business’s revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 earnings per share. As a group, research analysts predict that PolyOne will post 2.56 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of POL. Hsbc Holdings PLC raised its stake in shares of PolyOne by 30.3% during the 4th quarter. Hsbc Holdings PLC now owns 12,061 shares of the specialty chemicals company’s stock worth $345,000 after purchasing an additional 2,806 shares in the last quarter. California State Teachers Retirement System grew its holdings in PolyOne by 2.3% in the 4th quarter. California State Teachers Retirement System now owns 125,030 shares of the specialty chemicals company’s stock valued at $3,576,000 after buying an additional 2,820 shares in the last quarter. Geode Capital Management LLC grew its holdings in PolyOne by 6.2% in the 4th quarter. Geode Capital Management LLC now owns 956,936 shares of the specialty chemicals company’s stock valued at $27,367,000 after buying an additional 55,827 shares in the last quarter. Two Sigma Investments LP acquired a new position in PolyOne in the 4th quarter valued at $1,627,000. Finally, Two Sigma Advisers LP grew its holdings in PolyOne by 43.1% in the 4th quarter. Two Sigma Advisers LP now owns 11,731 shares of the specialty chemicals company’s stock valued at $336,000 after buying an additional 3,532 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

About PolyOne

PolyOne Corporation provides specialized polymer materials, services, and solutions in the United States, Canada, Mexico, Europe, South America, and Asia. It operates in four segments: Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions; and Distribution. The Color, Additives and Inks segment offers specialized color and additive concentrates in solid and liquid form for thermoplastics; dispersions for thermosets; and specialty inks, plastisols, and vinyl slush molding solutions.

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Analyst Recommendations for PolyOne (NYSE:POL)

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