Olin Corp. (OLN) Sets New 52-Week High at $25.91
Olin Corp. (NYSE:OLN)’s share price 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 analysts have issued reports on OLN shares. Zacks Investment Research upgraded shares of Olin Corp. from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Tuesday, May 10th. Nomura Holdings Inc. reiterated a “buy” rating on shares of Olin Corp. in a research note on Tuesday. Wells Fargo & Co. reiterated a “buy” rating on shares of Olin Corp. in a research note on Sunday, April 17th. Royal Bank Of Canada reiterated a “buy” rating and set a $25.00 target price (up previously from $22.00) on shares of Olin Corp. in a research note on Monday, May 2nd. Finally, Cowen and Company upgraded shares of Olin Corp. from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $18.00 to $31.00 in a research note on Tuesday, June 28th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $24.71.
The stock has a 50-day moving average of $23.89 and a 200-day moving average of $18.94. The stock’s market capitalization is $4.23 billion.
Olin Corp. (NYSE:OLN) last released its quarterly earnings results on Monday, May 2nd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.45. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the company earned $0.26 EPS. Equities analysts predict that Olin Corp. will post $1.20 EPS for the current fiscal year.
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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