Olin Corp. (OLN) Sets New 52-Week High at $25.91
Olin Corp. (NYSE:OLN) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $25.91 and last traded at $25.87, with a volume of 1,107,491 shares trading hands. The stock had previously closed at $25.30.
Several equities research analysts recently issued reports on the company. Royal Bank Of Canada lifted their price objective on Olin Corp. from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, May 4th. Cowen and Company raised Olin Corp. from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $18.00 to $31.00 in a research note on Tuesday, June 28th. Nomura Holdings Inc. reissued a “buy” rating and set a $27.00 price objective (up previously from $20.00) on shares of Olin Corp. in a research note on Wednesday, May 4th. Zacks Investment Research lowered Olin Corp. from a “buy” rating to a “hold” rating in a research note on Saturday, May 21st. Finally, Wells Fargo & Co. reissued a “buy” rating on shares of Olin Corp. in a research note on Sunday, April 17th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $24.71.
The stock has a 50 day moving average of $23.63 and a 200 day moving average of $18.84. The stock’s market capitalization is $4.27 billion.
Olin Corp. (NYSE:OLN) last announced its earnings results on Monday, May 2nd. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by $0.45. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the company posted $0.26 EPS. On average, equities research analysts forecast that Olin Corp. will post $1.20 EPS for the current year.
Olin Corporation is a manufacturing company. The Company operates in three segments: Chlor Alkali Products, Chemical Distribution and Winchester. Chlor Alkali Products manufactures and sells chlorine and caustic soda, hydrochloric acid, hydrogen, bleach products and potassium hydroxide. Chemical Distribution manufactures bleach products and distributes caustic soda, bleach products, potassium hydroxide and hydrochloric acid.
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