Gabelli Analysts Begin Coverage on PolyOne (POL)
POL has been the subject of a number of other recent research reports. Analysts at Longbow Research upgraded shares of PolyOne from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday. They now have a $17.00 price target on the stock. Separately, analysts at Northcoast Research upgraded shares of PolyOne from a “neutral” rating to a “buy” rating in a research note to investors on Monday, March 26th. Finally, analysts at Wells Fargo & Co. (NYSE: WFC) upgraded shares of PolyOne from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, March 26th.
Shares of PolyOne traded up 1.68% during mid-day trading on Wednesday, hitting $13.30. PolyOne has a 52 week low of $9.54 and a 52 week high of $16.61. The company has a market cap of $1.192 billion and a P/E ratio of 14.70.
PolyOne last announced its earnings results on Thursday, May 3rd. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.26 by $0.03. The company’s quarterly revenue was up 8.7% on a year-over-year basis. On average, analysts predict that PolyOne will post $0.31 earnings per share next quarter.
PolyOne Corporation is a provider of specialized polymer materials, services and solutions with operations in thermoplastic compounds, specialty polymer formulations, color and additive systems, thermoplastic resin distribution and specialty polyvinyl chloride (PVC) resins.