PolyOne (NYSE:POL) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Other research analysts have also issued reports about the company. SunTrust Banks reiterated a “buy” rating on shares of PolyOne in a research report on Monday. KeyCorp reiterated a “buy” rating and issued a $50.00 price objective on shares of PolyOne in a research report on Monday. Northcoast Research restated a “neutral” rating on shares of PolyOne in a research report on Monday. Robert W. Baird restated a “buy” rating and set a $42.00 price target on shares of PolyOne in a research report on Thursday, October 12th. Finally, Zacks Investment Research upgraded PolyOne from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. PolyOne presently has an average rating of “Buy” and a consensus price target of $45.71.

PolyOne (POL) opened at $43.49 on Friday. The firm has a market capitalization of $3,517.41, a P/E ratio of -62.13, a P/E/G ratio of 1.68 and a beta of 1.84. PolyOne has a 52-week low of $32.43 and a 52-week high of $47.48. The company has a debt-to-equity ratio of 2.13, a current ratio of 1.87 and a quick ratio of 1.29.

PolyOne (NYSE:POL) last issued its quarterly earnings data on Friday, January 26th. The specialty chemicals company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. The company had revenue of $801.00 million during the quarter, compared to analyst estimates of $739.77 million. PolyOne had a positive return on equity of 29.46% and a negative net margin of 1.73%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.38 earnings per share. analysts anticipate that PolyOne will post 2.53 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in POL. Advisor Group Inc. raised its stake in shares of PolyOne by 2.6% in the second quarter. Advisor Group Inc. now owns 3,254 shares of the specialty chemicals company’s stock valued at $126,000 after acquiring an additional 84 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of PolyOne in the second quarter valued at $143,000. World Asset Management Inc acquired a new stake in shares of PolyOne in the third quarter valued at $209,000. Rehmann Capital Advisory Group acquired a new stake in shares of PolyOne in the third quarter valued at $211,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of PolyOne by 36.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,555 shares of the specialty chemicals company’s stock valued at $242,000 after acquiring an additional 1,492 shares in the last quarter. Institutional investors and hedge funds own 93.72% of the company’s stock.

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About PolyOne

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for PolyOne (NYSE:POL)

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