PolyOne (NYSE:POL) had its price target trimmed by KeyCorp from $36.00 to $34.00 in a research note published on Thursday, BenzingaRatingsTable reports. The firm currently has an overweight rating on the specialty chemicals company’s stock. KeyCorp also issued estimates for PolyOne’s Q1 2019 earnings at $0.62 EPS, Q2 2019 earnings at $0.68 EPS, Q3 2019 earnings at $0.67 EPS, FY2019 earnings at $2.45 EPS, FY2019 earnings at $2.50 EPS and FY2020 earnings at $2.65 EPS.

Several other analysts have also issued reports on POL. Zacks Investment Research lowered PolyOne from a hold rating to a sell rating in a report on Thursday. ValuEngine lowered PolyOne from a sell rating to a strong sell rating in a report on Thursday. Northcoast Research raised PolyOne from a neutral rating to a buy rating and set a $36.00 price target for the company in a report on Thursday. Finally, Buckingham Research began coverage on PolyOne in a report on Tuesday, February 5th. They set a buy rating and a $32.40 price target for the company. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $36.83.

PolyOne stock opened at $28.56 on Thursday. The firm has a market cap of $2.22 billion, a P/E ratio of 11.75, a PEG ratio of 1.16 and a beta of 1.71. 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 one year low of $26.16 and a one year high of $45.70.

PolyOne (NYSE:POL) last released 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). 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 the consensus estimate of $922.33 million. During the same period in the prior year, the firm posted $0.68 EPS. The business’s revenue for the quarter was down .2% on a year-over-year basis. As a group, research analysts anticipate that PolyOne will post 2.49 earnings per share for the current year.

The business also recently declared 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. This represents a $0.78 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend was Thursday, March 14th. PolyOne’s dividend payout ratio is presently 32.10%.

A number of large investors have recently added to or reduced their stakes in the business. Private Capital Group LLC boosted its stake 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 acquiring an additional 446 shares during the period. Arizona State Retirement System lifted its position in shares of PolyOne by 0.9% in the fourth quarter. Arizona State Retirement System now owns 57,290 shares of the specialty chemicals company’s stock worth $1,638,000 after buying an additional 528 shares in the last quarter. ETRADE Capital Management LLC lifted its position in shares of PolyOne by 3.4% in the fourth quarter. ETRADE Capital Management LLC now owns 24,548 shares of the specialty chemicals company’s stock worth $702,000 after buying an additional 811 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of PolyOne by 5.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 20,306 shares of the specialty chemicals company’s stock worth $581,000 after buying an additional 1,011 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of PolyOne by 8.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 13,446 shares of the specialty chemicals company’s stock worth $385,000 after buying an additional 1,047 shares in the last quarter. 93.53% of the stock is owned by institutional investors and hedge funds.

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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