OMNOVA Solutions Inc. (NYSE:OMN) has been assigned a consensus rating of “Hold” from the six brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $12.00.

A number of research firms have issued reports on OMN. ValuEngine raised shares of OMNOVA Solutions from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Zacks Investment Research downgraded shares of OMNOVA Solutions from a “hold” rating to a “sell” rating in a report on Friday, February 2nd.

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OMN traded up $0.35 during mid-day trading on Monday, reaching $11.45. 120,446 shares of the stock were exchanged, compared to its average volume of 150,459. The company has a debt-to-equity ratio of 6.66, a current ratio of 2.03 and a quick ratio of 1.31. The company has a market capitalization of $497.39, a price-to-earnings ratio of 20.45, a P/E/G ratio of 1.66 and a beta of 2.07. OMNOVA Solutions has a 1 year low of $8.10 and a 1 year high of $11.60.

OMNOVA Solutions (NYSE:OMN) last posted its quarterly earnings data on Wednesday, March 28th. The specialty chemicals company reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.02. The firm had revenue of $178.70 million for the quarter, compared to the consensus estimate of $174.65 million. OMNOVA Solutions had a negative net margin of 10.67% and a positive return on equity of 32.70%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.05 EPS. equities analysts anticipate that OMNOVA Solutions will post 0.67 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC boosted its holdings in OMNOVA Solutions by 21.9% during the 4th quarter. Renaissance Technologies LLC now owns 1,676,775 shares of the specialty chemicals company’s stock worth $16,768,000 after acquiring an additional 301,800 shares during the last quarter. Millennium Management LLC boosted its holdings in OMNOVA Solutions by 69.6% during the 4th quarter. Millennium Management LLC now owns 747,896 shares of the specialty chemicals company’s stock worth $7,479,000 after acquiring an additional 306,890 shares during the last quarter. Thrivent Financial For Lutherans boosted its holdings in OMNOVA Solutions by 16.4% during the 4th quarter. Thrivent Financial For Lutherans now owns 636,981 shares of the specialty chemicals company’s stock worth $6,370,000 after acquiring an additional 89,864 shares during the last quarter. Weber Alan W boosted its holdings in shares of OMNOVA Solutions by 1.3% in the 4th quarter. Weber Alan W now owns 447,500 shares of the specialty chemicals company’s stock worth $4,475,000 after buying an additional 5,600 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of OMNOVA Solutions by 9.7% in the 4th quarter. Geode Capital Management LLC now owns 344,129 shares of the specialty chemicals company’s stock worth $3,441,000 after buying an additional 30,465 shares during the last quarter. 89.44% of the stock is currently owned by hedge funds and other institutional investors.

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OMNOVA Solutions Company Profile

OMNOVA Solutions Inc provides emulsion polymers, specialty chemicals, and engineered surfaces for various commercial, industrial, and residential end uses in the United States, Europe, and Asia. The company operates in two segments, Specialty Solutions and Performance Materials. The Specialty Solutions segment designs, develops, produces, and markets specialty polymers which are used in various applications, such as architectural and industrial coatings; nonwovens used in hygiene products, filtration, and construction; drilling additives for oil and gas drilling, cementing, and fracking; elastomeric modification of plastic casings and hoses used in household, industrial products, and automobiles; tapes and adhesives; sports surfaces; textile finishes; commercial building refurbishment; new construction; residential cabinets; flooring; ceiling tiles; furnishings; manufactured housing; health care patient; common area furniture; and various industrial films applications.

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