PolyOne Corp. (NYSE:POL) shares gapped up before the market opened 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 traded.

Several brokerages have issued reports on POL. Jefferies Group reissued a “hold” rating on shares of PolyOne Corp. in a research report on Wednesday. Wellington Shields raised shares of PolyOne Corp. from a “hold” rating to a “gradually accumulate” rating in a research report on Thursday, June 30th. Zacks Investment Research downgraded shares of PolyOne Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. TheStreet raised shares of PolyOne Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, April 26th. Finally, Seaport Global Securities raised shares of PolyOne Corp. from an “accumulate” rating to a “buy” rating and raised their price objective for the stock from $37.00 to $41.00 in a research report on Wednesday, April 27th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. PolyOne Corp. currently has a consensus rating of “Buy” and an average target price of $36.83.

The firm’s 50 day moving average is $36.61 and its 200 day moving average is $31.64. The stock has a market cap of $3.05 billion and a price-to-earnings ratio of 20.70.

PolyOne Corp. (NYSE:POL) last issued its earnings results on Tuesday, April 26th. The company reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.07. The business had revenue of $847 million for the quarter, compared to analyst estimates of $839.87 million. During the same period last year, the company posted $0.46 earnings per share. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, analysts expect that PolyOne Corp. will post $2.21 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 8th. Shareholders of record on Friday, June 17th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, June 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.32%.

Several hedge funds have modified their holdings of POL. UBS Oconnor LLC boosted its stake in shares of PolyOne Corp. by 23.8% in the fourth quarter. UBS Oconnor LLC now owns 322,525 shares of the company’s stock worth $10,243,000 after buying an additional 62,029 shares during the period. Victory Capital Management Inc. boosted its stake 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 during the period. Morgan Stanley boosted its stake 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 during the period. Mutual of America Capital Management LLC boosted its stake 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 during the period. Finally, Liberty Mutual Group Asset Management Inc. boosted its stake 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 during the period.

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