Olin Corp. (NYSE:OLN) shares shot up 2.1% during mid-day trading on Friday . The company traded as high as $21.20 and last traded at $21.02, with a volume of 792,190 shares changing hands. The stock had previously closed at $20.59.

OLN has been the subject of several research analyst reports. Royal Bank Of Canada lifted their price target on shares of Olin Corp. from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, May 4th. Cowen and Company raised shares of Olin Corp. from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $18.00 to $31.00 in a report on Tuesday, June 28th. Nomura reaffirmed a “buy” rating and set a $27.00 price objective (up from $20.00) on shares of Olin Corp. in a report on Wednesday, May 4th. Zacks Investment Research downgraded shares of Olin Corp. from a “buy” rating to a “hold” rating in a report on Saturday, May 21st. Finally, RBC Capital Markets reaffirmed a “buy” rating and set a $24.00 price objective (down from $28.00) on shares of Olin Corp. in a report on Friday, July 22nd. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Olin Corp. has a consensus rating of “Buy” and an average price target of $23.88.

The stock has a 50 day moving average of $22.63 and a 200 day moving average of $20.00. The stock’s market capitalization is $3.52 billion.

Olin Corp. (NYSE:OLN) last issued its earnings results on Tuesday, August 2nd. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by $0.07. During the same quarter last year, the firm earned $0.32 EPS. The firm earned $1.36 billion during the quarter, compared to analysts’ expectations of $1.47 billion. The firm’s revenue was up 154.8% on a year-over-year basis. On average, equities research analysts expect that Olin Corp. will post $1.15 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Wednesday, August 10th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, August 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.75%.

Olin Corporation is a manufacturer and distributor of chemical products, and ammunition. The Company operates through three segments: Chlor Alkali Products and Vinyls, Epoxy and Winchester. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrogen, bleach products and potassium hydroxide.

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