Olin (NYSE:OLN) had its price target dropped by Nomura from $43.00 to $40.00 in a research report issued on Thursday. The brokerage currently has a “buy” rating on the specialty chemicals company’s stock. Nomura’s price target suggests a potential upside of 30.93% from the company’s current price.

Several other equities analysts have also weighed in on the stock. Vertical Research upgraded shares of Olin from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Olin from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Friday, January 19th. SunTrust Banks restated a “buy” rating and set a $46.00 target price on shares of Olin in a report on Monday, November 6th. TheStreet upgraded shares of Olin from a “c+” rating to a “b” rating in a report on Tuesday, October 31st. Finally, Morgan Stanley started coverage on shares of Olin in a report on Tuesday, January 9th. They set an “overweight” rating and a $45.00 target price on the stock. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $40.10.

Olin (NYSE:OLN) opened at $30.55 on Thursday. The company has a current ratio of 1.78, a quick ratio of 1.03 and a debt-to-equity ratio of 1.31. The firm has a market cap of $5,175.09, a price-to-earnings ratio of 9.43, a P/E/G ratio of 0.91 and a beta of 1.36. Olin has a 1-year low of $27.79 and a 1-year high of $38.84.

Olin (NYSE:OLN) last posted its earnings results on Tuesday, February 6th. The specialty chemicals company reported $2.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $2.45. The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.53 billion. Olin had a net margin of 8.77% and a return on equity of 6.02%. The business’s quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.11 EPS. research analysts forecast that Olin will post 2.47 earnings per share for the current fiscal year.

In other Olin news, SVP John Maurice Sampson sold 3,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $36.58, for a total value of $109,740.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John L. Mcintosh sold 9,500 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $35.42, for a total transaction of $336,490.00. The disclosure for this sale can be found here. Insiders own 2.90% of the company’s stock.

A number of hedge funds have recently modified their holdings of OLN. Kensico Capital Management Corp lifted its holdings in Olin by 43.3% in the 3rd quarter. Kensico Capital Management Corp now owns 7,800,000 shares of the specialty chemicals company’s stock worth $267,150,000 after buying an additional 2,355,000 shares in the last quarter. Jennison Associates LLC lifted its holdings in Olin by 7,869.7% in the 3rd quarter. Jennison Associates LLC now owns 1,992,417 shares of the specialty chemicals company’s stock worth $68,240,000 after buying an additional 1,967,417 shares in the last quarter. BlackRock Inc. lifted its holdings in Olin by 5.3% in the 4th quarter. BlackRock Inc. now owns 16,689,125 shares of the specialty chemicals company’s stock worth $593,800,000 after buying an additional 842,715 shares in the last quarter. Iridian Asset Management LLC CT lifted its holdings in Olin by 5.3% in the 4th quarter. Iridian Asset Management LLC CT now owns 7,760,477 shares of the specialty chemicals company’s stock worth $276,118,000 after buying an additional 390,184 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its stake in shares of Olin by 1,116.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 381,729 shares of the specialty chemicals company’s stock valued at $13,074,000 after purchasing an additional 350,349 shares in the last quarter. Hedge funds and other institutional investors own 89.68% of the company’s stock.

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About Olin

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, hydrochloric acid, hydrogen, bleach products and potassium hydroxide.

Analyst Recommendations for Olin (NYSE:OLN)

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