PolyOne (POL) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research cut shares of PolyOne (NYSE:POL) from a hold rating to a sell rating in a research note published on Thursday, Zacks.com reports.

According to Zacks, “PolyOne Corporation is a premier provider of specialized polymer materials, services and solutions. PolyOne are dedicated to serving customers in diverse industries around the globe, by creating value through collaboration, innovation and an unwavering commitment to excellence. PolyOne, business is structured to provide operations with the specialized polymer materials, services and solutions need. PolyOne are a premier provider of specialty polymer formulations, color and additive systems, plastic sheet and packaging solutions and polymer distribution. A leading provider of specialized custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets, as well as specialty inks, plastisols, and vinyl slush molding solutions. “

Several other research analysts have also recently weighed in on the stock. Buckingham Research initiated coverage on shares of PolyOne in a report on Tuesday, February 5th. They set a buy rating and a $32.40 price objective for the company. ValuEngine cut shares of PolyOne from a sell rating to a strong sell rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $36.83.

POL opened at $28.56 on Thursday. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.81 and a quick ratio of 1.17. PolyOne has a twelve month low of $26.16 and a twelve month high of $45.70. The company has a market cap of $2.22 billion, a PE ratio of 11.75, a P/E/G ratio of 1.16 and a beta of 1.71.

PolyOne (NYSE:POL) last released its quarterly earnings data on Wednesday, April 17th. The specialty chemicals company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.01). PolyOne had a net margin of 4.28% and a return on equity of 32.76%. The company had revenue of $899.90 million for the quarter, compared to analysts’ expectations of $922.33 million. During the same period in the previous year, the firm earned $0.68 earnings per share. The firm’s revenue for the quarter was down .2% on a year-over-year basis. As a group, research analysts predict that PolyOne will post 2.49 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a dividend of $0.195 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.78 dividend on an annualized basis and a yield of 2.73%. PolyOne’s dividend payout ratio is currently 32.10%.

A number of hedge funds have recently made changes to their positions in POL. Oregon Public Employees Retirement Fund increased its holdings in PolyOne by 2,760.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 902,816 shares of the specialty chemicals company’s stock valued at $32,000 after buying an additional 871,249 shares during the last quarter. Private Capital Group LLC boosted its position in shares of PolyOne by 52.3% in the fourth quarter. Private Capital Group LLC now owns 1,298 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 446 shares during the period. Kings Point Capital Management bought a new position in shares of PolyOne in the fourth quarter worth approximately $43,000. Meeder Asset Management Inc. boosted its position in shares of PolyOne by 328.3% in the fourth quarter. Meeder Asset Management Inc. now owns 1,996 shares of the specialty chemicals company’s stock worth $57,000 after purchasing an additional 1,530 shares during the period. Finally, Bessemer Group Inc. bought a new position in shares of PolyOne in the fourth quarter worth approximately $80,000. 93.53% of the stock is owned by institutional investors and hedge funds.

PolyOne Company Profile

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.

Featured Story: Return on Equity (ROE)

Get a free copy of the Zacks research report on PolyOne (POL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for PolyOne (NYSE:POL)

Receive News & Ratings for PolyOne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PolyOne and related companies with MarketBeat.com's FREE daily email newsletter.