PolyOne Corporation (NYSE:POL)‘s stock had its “buy” rating restated by equities research analysts at Robert W. Baird in a research note issued on Thursday. They currently have a $42.00 target price on the specialty chemicals company’s stock. Robert W. Baird’s price objective suggests a potential upside of 2.66% from the stock’s previous close.

Several other analysts also recently issued reports on the stock. CIBC began coverage on shares of PolyOne Corporation in a research report on Thursday, August 17th. They issued an “outperform” rating and a $43.00 price target for the company. BidaskClub downgraded shares of PolyOne Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Oppenheimer Holdings, Inc. began coverage on shares of PolyOne Corporation in a research report on Wednesday, August 16th. They issued an “outperform” rating and a $43.00 price target for the company. Zacks Investment Research raised shares of PolyOne Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $42.00 price target on shares of PolyOne Corporation in a research report on Friday, September 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. PolyOne Corporation has an average rating of “Hold” and a consensus price target of $42.50.

PolyOne Corporation (NYSE POL) traded down 0.05% on Thursday, hitting $40.89. 68,892 shares of the stock traded hands. PolyOne Corporation has a 1-year low of $28.77 and a 1-year high of $41.24. The company’s market cap is $3.34 billion. The stock has a 50-day moving average price of $38.24 and a 200 day moving average price of $37.34.

PolyOne Corporation (NYSE:POL) last announced its quarterly earnings data on Tuesday, July 25th. The specialty chemicals company reported $0.63 EPS for the quarter, hitting the consensus estimate of $0.63. The company had revenue of $814.10 million during the quarter, compared to the consensus estimate of $812.52 million. PolyOne Corporation had a negative net margin of 1.75% and a positive return on equity of 25.84%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 EPS. On average, analysts anticipate that PolyOne Corporation will post $2.21 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC grew its position in PolyOne Corporation by 85.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,601 shares of the specialty chemicals company’s stock valued at $101,000 after purchasing an additional 1,200 shares during the period. Advisor Group Inc. grew its position in PolyOne Corporation by 2.6% in the 2nd quarter. Advisor Group Inc. now owns 3,254 shares of the specialty chemicals company’s stock valued at $126,000 after purchasing an additional 84 shares during the period. Quantbot Technologies LP acquired a new stake in PolyOne Corporation in the 2nd quarter valued at $143,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in PolyOne Corporation by 8.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,063 shares of the specialty chemicals company’s stock valued at $157,000 after purchasing an additional 317 shares during the period. Finally, Victory Capital Management Inc. grew its position in PolyOne Corporation by 46.3% in the 1st quarter. Victory Capital Management Inc. now owns 4,223 shares of the specialty chemicals company’s stock valued at $144,000 after purchasing an additional 1,336 shares during the period. 93.99% of the stock is owned by institutional investors and hedge funds.

PolyOne Corporation Company Profile

PolyOne Corporation (PolyOne) provides specialized polymer materials, services and solutions. The Company’s segments include Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions, and PolyOne Distribution. The Color, Additives and Inks segment provides custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets.

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