PolyOne Corp. (NYSE:POL) gapped up prior to trading on Thursday . The stock had previously closed at $34.83, but opened at $34.93. PolyOne Corp. shares last traded at $35.30, with a volume of 145,126 shares trading hands.

POL has been the subject of several recent research reports. KeyCorp boosted their price target on PolyOne Corp. from $34.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, April 4th. Wellington Shields upgraded PolyOne Corp. from a “hold” rating to a “gradually accumulate” rating in a research note on Thursday, June 30th. Seaport Global Securities upgraded PolyOne Corp. from a “neutral” rating to an “accumulate” rating and upped their target price for the stock from $29.00 to $37.00 in a research note on Monday, April 18th. TheStreet upgraded PolyOne Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, April 26th. Finally, Zacks Investment Research cut PolyOne Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. PolyOne Corp. has a consensus rating of “Buy” and a consensus target price of $36.83.

The stock has a market capitalization of $2.94 billion and a P/E ratio of 19.97. The company’s 50-day moving average price is $36.60 and its 200 day moving average price is $31.60.

PolyOne Corp. (NYSE:POL) last issued its quarterly earnings results on Tuesday, April 26th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.07. During the same quarter in the previous year, the business earned $0.46 EPS. The company had revenue of $847 million for the quarter, compared to analysts’ expectations of $839.87 million. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, equities analysts predict that PolyOne Corp. will post $2.21 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 8th. Stockholders of record on Friday, June 17th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, June 15th. This represents a $0.48 annualized dividend and a dividend yield of 1.37%.

A number of hedge funds and institutional investors have added to or reduced their stakes in POL. Victory Capital Management Inc. raised its position in PolyOne Corp. by 0.9% in the fourth quarter. Victory Capital Management Inc. now owns 2,443,885 shares of the company’s stock worth $77,617,000 after buying an additional 22,296 shares in the last quarter. Morgan Stanley raised its position in PolyOne Corp. by 255.5% in the fourth quarter. Morgan Stanley now owns 97,105 shares of the company’s stock worth $3,085,000 after buying an additional 69,791 shares in the last quarter. Mutual of America Capital Management LLC raised its position in PolyOne Corp. by 30.8% in the fourth quarter. Mutual of America Capital Management LLC now owns 189,313 shares of the company’s stock worth $6,013,000 after buying an additional 44,535 shares in the last quarter. Liberty Mutual Group Asset Management Inc. raised its position in PolyOne Corp. by 51.3% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 57,146 shares of the company’s stock worth $1,815,000 after buying an additional 19,385 shares in the last quarter. Finally, Boston Partners raised its position in PolyOne Corp. by 8.4% in the fourth quarter. Boston Partners now owns 1,845,542 shares of the company’s stock worth $58,614,000 after buying an additional 143,770 shares in the last quarter.

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