Shares of PolyOne Co. (NYSE:POL) have received an average rating of “Buy” from the eleven research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $36.00.

A number of research firms recently issued reports on POL. Robert W. Baird upgraded shares of PolyOne from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $30.00 to $36.00 in a research report on Monday, July 22nd. Zacks Investment Research cut shares of PolyOne from a “buy” rating to a “hold” rating in a research report on Wednesday. SunTrust Banks upgraded shares of PolyOne from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Friday, May 31st. TheStreet upgraded shares of PolyOne from a “c+” rating to a “b-” rating in a research report on Thursday, July 25th. Finally, ValuEngine upgraded shares of PolyOne from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 12th.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Investors Research Corp acquired a new position in PolyOne in the 2nd quarter valued at approximately $25,000. Parallel Advisors LLC increased its position in PolyOne by 220.7% in the 2nd quarter. Parallel Advisors LLC now owns 789 shares of the specialty chemicals company’s stock valued at $25,000 after acquiring an additional 543 shares during the period. Doyle Wealth Management acquired a new position in PolyOne in the 2nd quarter valued at approximately $68,000. Amundi Pioneer Asset Management Inc. bought a new stake in shares of PolyOne in the 4th quarter valued at $97,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of PolyOne in the 2nd quarter valued at $203,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Shares of PolyOne stock traded up $0.82 on Friday, reaching $31.04. 260,300 shares of the stock were exchanged, compared to its average volume of 551,432. The firm’s 50 day moving average is $31.03 and its 200-day moving average is $29.82. PolyOne has a one year low of $24.47 and a one year high of $45.34. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.10 and a current ratio of 1.68. The firm has a market cap of $2.32 billion, a PE ratio of 12.77, a P/E/G ratio of 1.23 and a beta of 1.73.

PolyOne (NYSE:POL) last issued its quarterly earnings results on Thursday, July 25th. The specialty chemicals company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.01. PolyOne had a net margin of 4.03% and a return on equity of 33.07%. The company had revenue of $903.80 million during the quarter, compared to the consensus estimate of $933.34 million. During the same quarter in the prior year, the firm posted $0.71 EPS. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. On average, equities research analysts expect that PolyOne will post 2.55 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be given a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Thursday, September 12th. PolyOne’s dividend payout ratio (DPR) is currently 32.10%.

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.

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Analyst Recommendations for PolyOne (NYSE:POL)

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