OMNOVA Solutions Inc. (NYSE:OMN) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

A number of other brokerages have also recently commented on OMN. Zacks Investment Research raised shares of OMNOVA Solutions from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Friday, July 7th. ValuEngine raised shares of OMNOVA Solutions from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $12.00 target price on shares of OMNOVA Solutions in a report on Friday, June 16th. Finally, Sidoti assumed coverage on shares of OMNOVA Solutions in a report on Tuesday, June 13th. They issued a “buy” rating and a $12.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $11.67.

Shares of OMNOVA Solutions (NYSE:OMN) opened at 9.00 on Wednesday. OMNOVA Solutions has a 12-month low of $7.05 and a 12-month high of $10.42. The stock’s market capitalization is $404.20 million. The stock has a 50 day moving average of $9.49 and a 200 day moving average of $9.19.

OMNOVA Solutions (NYSE:OMN) last announced its earnings results on Wednesday, June 28th. The specialty chemicals company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. The business had revenue of $221.30 million for the quarter, compared to analysts’ expectations of $204.40 million. OMNOVA Solutions had a negative net margin of 1.19% and a positive return on equity of 19.65%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 EPS. Equities research analysts anticipate that OMNOVA Solutions will post $0.59 EPS for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of OMN. Envestnet Asset Management Inc. raised its position in OMNOVA Solutions by 4.9% in the first quarter. Envestnet Asset Management Inc. now owns 10,146 shares of the specialty chemicals company’s stock worth $100,000 after buying an additional 472 shares during the period. American International Group Inc. raised its position in OMNOVA Solutions by 7.1% in the first quarter. American International Group Inc. now owns 26,169 shares of the specialty chemicals company’s stock worth $259,000 after buying an additional 1,738 shares during the period. Bank of America Corp DE raised its position in OMNOVA Solutions by 1.7% in the first quarter. Bank of America Corp DE now owns 123,988 shares of the specialty chemicals company’s stock worth $1,227,000 after buying an additional 2,073 shares during the period. Acrospire Investment Management LLC raised its position in OMNOVA Solutions by 24.1% in the first quarter. Acrospire Investment Management LLC now owns 13,344 shares of the specialty chemicals company’s stock worth $132,000 after buying an additional 2,590 shares during the period. Finally, Metropolitan Life Insurance Co. NY raised its position in OMNOVA Solutions by 8.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 32,133 shares of the specialty chemicals company’s stock worth $318,000 after buying an additional 2,611 shares during the period. Hedge funds and other institutional investors own 87.28% of the company’s stock.

OMNOVA Solutions Company Profile

OMNOVA Solutions Inc is a provider of emulsion polymers, specialty chemicals and engineered surfaces for commercial, industrial and residential end uses. The Company’s segments include Performance Chemicals and Engineered Surfaces. The Performance Chemicals segment produces a range of emulsion polymers and specialty chemicals based on styrene butadiene, styrene butadiene acrylonitrile, styrene butadiene vinyl pyridine, nitrile butadiene, polyvinyl acetate, acrylic, styrene acrylic, vinyl acrylic, glyoxal, fluorochemical and bio-based chemistries.

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