Olin (NYSE:OLN) Given New $25.00 Price Target at BMO Capital Markets

Olin (NYSE:OLN) had its price objective lowered by equities research analysts at BMO Capital Markets from $30.00 to $25.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “market perform” rating on the specialty chemicals company’s stock. BMO Capital Markets’ price target indicates a potential upside of 24.91% from the company’s current price.

Several other research firms have also recently commented on OLN. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Olin in a report on Friday, May 22nd. Mizuho dropped their target price on Olin from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Wednesday, July 1st. Royal Bank Of Canada set a $30.00 price target on Olin and gave the stock a “sector perform” rating in a report on Friday, April 10th. Truist Financial boosted their price target on shares of Olin from $20.00 to $26.00 and gave the company a “hold” rating in a research report on Monday, May 11th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $37.00 price objective on shares of Olin in a report on Sunday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $27.15.

Olin Trading Down 0.1%

OLN opened at $20.02 on Monday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.36 and a quick ratio of 0.82. The company’s 50 day simple moving average is $24.93 and its two-hundred day simple moving average is $24.70. Olin has a 1-year low of $18.08 and a 1-year high of $30.46. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of -17.87 and a beta of 1.21.

Hedge Funds Weigh In On Olin

A number of hedge funds have recently modified their holdings of the business. Strategic Advocates LLC acquired a new stake in shares of Olin during the 3rd quarter worth about $25,000. Rockefeller Capital Management L.P. boosted its stake in Olin by 115.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,231 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 659 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Olin during the first quarter valued at about $32,000. Allworth Financial LP increased its position in shares of Olin by 114.0% during the third quarter. Allworth Financial LP now owns 1,740 shares of the specialty chemicals company’s stock valued at $43,000 after acquiring an additional 927 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Olin in the 1st quarter valued at approximately $45,000. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Olin Company Profile

Olin Corporation is a diversified manufacturer specializing in chemical products and ammunition. The company’s core business activities encompass the production and distribution of chlor-alkali products, epoxy resins and derivatives, and small-caliber ammunition under the Winchester brand. Olin’s chemical operations supply chlorine, caustic soda and related co-products to a wide range of end markets, including water treatment, pulp and paper, pharmaceuticals and general industrial applications.

In its Chlor Alkali Products & Vinyls segment, Olin operates multiple manufacturing facilities that produce chlorine and sodium hydroxide, along with vinyl chloride monomer and polyvinyl chloride (PVC) compounds.