BMO Capital Markets Lowers Olin (NYSE:OLN) Price Target to $47.00

Olin (NYSE:OLN) had its target price lowered by stock analysts at BMO Capital Markets from $50.00 to $47.00 in a report released on Tuesday, Benzinga reports. The firm currently has a “market perform” rating on the specialty chemicals company’s stock. BMO Capital Markets’ price objective points to a potential upside of 14.24% from the company’s current price.

A number of other research analysts have also weighed in on OLN. JPMorgan Chase & Co. raised Olin from a “neutral” rating to an “overweight” rating and set a $55.00 price target on the stock in a research note on Monday, July 29th. KeyCorp dropped their price objective on Olin from $57.00 to $56.00 and set an “overweight” rating for the company in a report on Monday. Piper Sandler dropped their price objective on Olin from $75.00 to $57.00 and set an “overweight” rating for the company in a report on Tuesday, July 30th. Royal Bank of Canada dropped their price objective on Olin from $52.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Bank of America downgraded Olin from a “buy” rating to a “neutral” rating and lowered their price target for the company from $62.00 to $51.00 in a report on Monday, July 29th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Olin has a consensus rating of “Hold” and a consensus price target of $51.86.

Olin Trading Up 0.6 %

Shares of Olin stock opened at $41.14 on Tuesday. Olin has a fifty-two week low of $39.47 and a fifty-two week high of $60.60. The firm has a market cap of $4.84 billion, a PE ratio of 33.27, a P/E/G ratio of 1.01 and a beta of 1.41. The business’s fifty day moving average is $44.72 and its two-hundred day moving average is $47.88. The company has a quick ratio of 0.82, a current ratio of 1.40 and a debt-to-equity ratio of 1.32.

Institutional Investors Weigh In On Olin

Several large investors have recently made changes to their positions in OLN. FORA Capital LLC increased its stake in shares of Olin by 47.4% in the first quarter. FORA Capital LLC now owns 14,149 shares of the specialty chemicals company’s stock valued at $832,000 after purchasing an additional 4,552 shares during the period. Empowered Funds LLC increased its stake in shares of Olin by 42.3% in the first quarter. Empowered Funds LLC now owns 48,020 shares of the specialty chemicals company’s stock valued at $2,824,000 after purchasing an additional 14,279 shares during the period. Swiss National Bank increased its stake in shares of Olin by 2.7% in the first quarter. Swiss National Bank now owns 241,932 shares of the specialty chemicals company’s stock valued at $14,226,000 after purchasing an additional 6,300 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Olin in the first quarter valued at approximately $167,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Olin in the first quarter valued at approximately $69,000. Institutional investors and hedge funds 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.