PolyOne Corp. (NYSE:POL) shares traded down 3.4% on Thursday . The stock traded as low as $33.70 and last traded at $34.04, with a volume of 490,323 shares changing hands. The stock had previously closed at $35.22.

Several research analysts have weighed in on the stock. Jefferies Group reissued a “hold” rating on shares of PolyOne Corp. in a report on Wednesday, July 6th. Zacks Investment Research raised shares of PolyOne Corp. from a “sell” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Wednesday, April 20th. Seaport Global Securities raised shares of PolyOne Corp. from an “accumulate” rating to a “buy” rating and increased their price target for the company from $37.00 to $41.00 in a report on Wednesday, April 27th. TheStreet raised shares of PolyOne Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, April 26th. Finally, Goldman Sachs Group Inc. cut shares of PolyOne Corp. from a “buy” rating to a “neutral” rating and lowered their price target for the company from $42.00 to $38.00 in a report on Wednesday, July 27th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $38.00.

The stock has a 50 day moving average of $35.97 and a 200-day moving average of $32.85. The stock has a market cap of $2.85 billion and a price-to-earnings ratio of 21.39.

PolyOne Corp. (NYSE:POL) last announced its earnings results on Wednesday, July 27th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The firm had revenue of $861.50 million for the quarter, compared to analysts’ expectations of $879.38 million. The business’s revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.57 earnings per share. Equities research analysts forecast that PolyOne Corp. will post $2.18 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 6th. Investors of record on Friday, September 16th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Wednesday, September 14th.

Other large investors recently bought and sold shares of the company. Jennison Associates LLC raised its stake in PolyOne Corp. by 2.2% in the fourth quarter. Jennison Associates LLC now owns 1,891,799 shares of the company’s stock worth $60,084,000 after buying an additional 40,337 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in PolyOne Corp. by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,925,714 shares of the company’s stock worth $61,162,000 after buying an additional 107,475 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in PolyOne Corp. by 102.9% in the fourth quarter. Marshall Wace LLP now owns 308,555 shares of the company’s stock worth $9,800,000 after buying an additional 156,451 shares in the last quarter.

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