PolyOne (NYSE:POL) Rating Increased to Sell at ValuEngine

ValuEngine upgraded shares of PolyOne (NYSE:POL) from a strong sell rating to a sell rating in a research note released on Wednesday, ValuEngine reports.

Several other research firms have also recently issued reports on POL. Zacks Investment Research cut PolyOne from a hold rating to a sell rating in a report on Wednesday, April 24th. Buckingham Research dropped their price target on PolyOne from $40.00 to $36.00 and set a buy rating on the stock in a report on Thursday, April 18th. KeyCorp dropped their price target on PolyOne from $36.00 to $34.00 and set an overweight rating on the stock in a report on Thursday, April 18th. SunTrust Banks raised PolyOne from a hold rating to a buy rating and set a $31.00 price target on the stock in a report on Friday, May 31st. Finally, Wellington Shields raised PolyOne from a hold rating to a gradually accumulate rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $36.00.

NYSE POL opened at $28.68 on Wednesday. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 11.80, a P/E/G ratio of 1.26 and a beta of 1.61. PolyOne has a 1 year low of $24.47 and a 1 year high of $45.70. The company has a current ratio of 1.81, a quick ratio of 1.16 and a debt-to-equity ratio of 2.63.

PolyOne (NYSE:POL) last posted its quarterly earnings results on Wednesday, April 17th. The specialty chemicals company reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.01). The company had revenue of $899.90 million during the quarter, compared to the consensus estimate of $922.33 million. PolyOne had a net margin of 4.28% and a return on equity of 32.76%. PolyOne’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $0.68 EPS. As a group, analysts anticipate that PolyOne will post 2.47 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 14th will be given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 2.72%. The ex-dividend date is Thursday, June 13th. PolyOne’s payout ratio is 32.10%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund grew its position in PolyOne by 2,760.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 902,816 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 871,249 shares in the last quarter. Kings Point Capital Management purchased a new position in PolyOne during the 4th quarter worth approximately $43,000. Bessemer Group Inc. purchased a new position in PolyOne during the 4th quarter worth approximately $80,000. DekaBank Deutsche Girozentrale purchased a new position in PolyOne during the 1st quarter worth approximately $89,000. Finally, Bank of Montreal Can grew its position in PolyOne by 73.4% during the 4th quarter. Bank of Montreal Can now owns 3,128 shares of the specialty chemicals company’s stock worth $90,000 after purchasing an additional 1,324 shares in the last quarter. Hedge funds and other institutional investors own 92.47% 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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