Olin Co. (NYSE:OLN) Receives $52.73 Average Target Price from Brokerages

Shares of Olin Co. (NYSE:OLN) have been assigned an average recommendation of “Hold” from the fifteen ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $52.73.

OLN has been the topic of several recent research reports. Royal Bank of Canada cut their price target on Olin from $61.00 to $52.00 and set an “outperform” rating on the stock in a research note on Monday, July 29th. BMO Capital Markets assumed coverage on Olin in a report on Tuesday, September 3rd. They set a “market perform” rating and a $50.00 price target for the company. Piper Sandler dropped their price target on shares of Olin from $75.00 to $57.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 30th. The Goldman Sachs Group cut their price objective on shares of Olin from $55.00 to $49.00 and set a “neutral” rating on the stock in a research report on Monday, July 29th. Finally, Barclays decreased their target price on shares of Olin from $59.00 to $49.00 and set an “equal weight” rating for the company in a report on Monday, July 29th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. LRI Investments LLC bought a new stake in Olin during the 1st quarter worth approximately $28,000. EverSource Wealth Advisors LLC lifted its stake in shares of Olin by 4,375.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 537 shares of the specialty chemicals company’s stock valued at $32,000 after buying an additional 525 shares in the last quarter. nVerses Capital LLC bought a new position in Olin in the 2nd quarter worth $33,000. Quarry LP bought a new stake in Olin during the fourth quarter valued at about $50,000. Finally, Denver PWM LLC purchased a new position in shares of Olin in the second quarter valued at about $59,000. Institutional investors own 88.67% of the company’s stock.

Olin Price Performance

Shares of OLN stock opened at $44.10 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.82 and a current ratio of 1.43. The business’s 50 day moving average price is $43.84 and its 200-day moving average price is $50.04. The firm has a market cap of $5.18 billion, a P/E ratio of 15.86, a P/E/G ratio of 0.94 and a beta of 1.41. Olin has a fifty-two week low of $39.47 and a fifty-two week high of $60.60.

Olin (NYSE:OLN) last announced its quarterly earnings data on Thursday, July 25th. The specialty chemicals company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.08). The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Olin had a net margin of 4.26% and a return on equity of 11.73%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.13 EPS. On average, equities research analysts anticipate that Olin will post 1.61 earnings per share for the current year.

Olin Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Thursday, August 8th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, August 8th. This represents a $0.80 annualized dividend and a yield of 1.81%. Olin’s dividend payout ratio (DPR) is presently 28.78%.

Olin Company Profile

Olin Corporation manufactures and distributes chemical products in the United States, Europe, Asia Pacific, Latin America, and Canada. It operates through three segments: Chlor Alkali Products and Vinyls; Epoxy; and Winchester. The Chlor Alkali Products and Vinyls segment offers chlorine and caustic soda, ethylene dichloride and vinyl chloride monomers, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, hydrochloric acid, hydrogen, bleach products, potassium hydroxide, and chlorinated organics intermediates and solvents.