Olin (NYSE:OLN) Given New $25.00 Price Target at Truist Financial

Olin (NYSE:OLN) had its price objective cut by Truist Financial from $32.00 to $25.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the specialty chemicals company’s stock. Truist Financial’s price target points to a potential upside of 22.34% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Morgan Stanley reduced their price objective on shares of Olin from $31.00 to $28.00 and set an “underweight” rating for the company in a report on Tuesday, February 4th. Royal Bank of Canada lowered shares of Olin from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $45.00 to $30.00 in a research note on Tuesday, February 4th. KeyCorp reduced their price objective on Olin from $50.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Barclays dropped their price target on shares of Olin from $34.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 1st. Finally, BMO Capital Markets decreased their price target on Olin from $44.00 to $34.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.00.

Olin Price Performance

Shares of OLN opened at $20.44 on Monday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.77 and a current ratio of 1.27. Olin has a 52-week low of $17.66 and a 52-week high of $57.10. The business’s 50 day moving average price is $24.75 and its two-hundred day moving average price is $34.21. The firm has a market cap of $2.35 billion, a PE ratio of 22.71 and a beta of 1.50.

Olin (NYSE:OLN) last released its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.10. Olin had a net margin of 1.66% and a return on equity of 5.10%. On average, equities analysts anticipate that Olin will post 1.38 EPS for the current year.

Insider Activity at Olin

In other Olin news, CEO Kenneth Todd Lane bought 7,250 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were bought at an average cost of $28.06 per share, with a total value of $203,435.00. Following the completion of the purchase, the chief executive officer now directly owns 7,250 shares of the company’s stock, valued at $203,435. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Olin

Hedge funds and other institutional investors have recently made changes to their positions in the business. Blue Trust Inc. raised its stake in Olin by 34.3% in the fourth quarter. Blue Trust Inc. now owns 2,887 shares of the specialty chemicals company’s stock worth $98,000 after buying an additional 738 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Olin by 55.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 143,062 shares of the specialty chemicals company’s stock valued at $4,835,000 after buying an additional 51,051 shares in the last quarter. KBC Group NV lifted its position in Olin by 82.9% during the 4th quarter. KBC Group NV now owns 5,461 shares of the specialty chemicals company’s stock valued at $185,000 after acquiring an additional 2,476 shares during the period. Mariner Investment Group LLC purchased a new stake in Olin in the fourth quarter worth about $355,000. Finally, LPL Financial LLC lifted its holdings in shares of Olin by 218.9% during the fourth quarter. LPL Financial LLC now owns 138,477 shares of the specialty chemicals company’s stock valued at $4,681,000 after purchasing an additional 95,054 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

Olin Company Profile

Olin Corporation manufactures and distributes chemical products in the United States, Europe, Asia Pacific, Latin America, and Canada. It operates through three segments: Chlor Alkali Products and Vinyls; Epoxy; and Winchester. The Chlor Alkali Products and Vinyls segment offers chlorine and caustic soda, ethylene dichloride and vinyl chloride monomers, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, hydrochloric acid, hydrogen, bleach products, potassium hydroxide, and chlorinated organics intermediates and solvents.