New Buy Rating Was Given to Olin (NYSE:OLN)

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Investors sentiment increased to 1.27 in 2018 Q3. Its up 0.24, from 1.03 in 2018Q2. It is positive, as 22 investors sold Olin Corporation shares while 76 reduced holdings. 46 funds opened positions while 78 raised stakes. 142.57 million shares or 0.04% more from 142.52 million shares in 2018Q2 were reported.

State Of New Jersey Common Pension Fund D holds 0.02% of its portfolio in Olin Corporation (NYSE:OLN) for 215,000 shares. Natixis Ltd Partnership holds 0% or 21,698 shares in its portfolio. Bowen Hanes &, a Georgia-based fund reported 63,675 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 11,009 shares. Credit Capital Invests Lc holds 1.01% or 39,097 shares in its portfolio. American Group invested 0.03% of its portfolio in Olin Corporation (NYSE:OLN). Trexquant Inv L P invested in 0.22% or 114,297 shares. Massmutual Trust Fsb Adv holds 283 shares. Citigroup has 18,554 shares. Meeder Asset has 0.01% invested in Olin Corporation (NYSE:OLN) for 3,008 shares. Oakbrook Investments Limited Liability Corp has 19,800 shares for 0.03% of their portfolio. Tiaa Cref Inv Management Ltd Liability Company reported 0.14% stake. Kensico Cap Mgmt Corporation invested in 8.34 million shares. Weiss Multi holds 0.16% in Olin Corporation (NYSE:OLN) or 233,000 shares. Geode Management Ltd Liability Corp stated it has 1.63 million shares or 0.01% of all its holdings.

Since November 1, 2018, it had 3 buys, and 0 selling transactions for $970,270 activity. SAMPSON JOHN MAURICE bought $99,220 worth of stock or 5,000 shares. Sutton Scott McDougald had bought 15,000 shares worth $324,300.

Why Has Stifel Nicolaus Given Olin (NYSE:OLN) a $33 Price Target

In a research report revealed to clients and investors on Tuesday, 11 December, research analysts at Stifel Nicolaus began coverage for Olin (NYSE:OLN) shares. The firm has decided to set a Buy rating along with a $33, adding 57.22 % to the target.

Olin Corporation (NYSE:OLN) Ratings Coverage

Among 5 analysts covering Olin (NYSE:OLN), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Olin has $40 highest and $24 lowest target. $31’s average target is 47.69% above currents $20.99 stock price. Olin had 8 analyst reports since July 11, 2018 according to SRatingsIntel. The firm has “Equal-Weight” rating by Barclays Capital given on Wednesday, October 31. Susquehanna maintained Olin Corporation (NYSE:OLN) on Thursday, August 2 with “Positive” rating. The stock of Olin Corporation (NYSE:OLN) has “Buy” rating given on Wednesday, July 11 by Citigroup. The stock of Olin Corporation (NYSE:OLN) has “Neutral” rating given on Wednesday, October 31 by Nomura. The firm has “Buy” rating given on Thursday, November 1 by Citigroup. The stock of Olin Corporation (NYSE:OLN) earned “Neutral” rating by Nomura on Monday, October 15.

The stock increased 3.30% or $0.67 during the last trading session, reaching $20.99. About 2.66 million shares traded. Olin Corporation (NYSE:OLN) has declined 42.49% since December 12, 2017 and is downtrending. It has underperformed by 42.49% the S&P500.

Analysts await Olin Corporation (NYSE:OLN) to report earnings on February, 5. They expect $0.39 EPS, up 11.43 % or $0.04 from last year’s $0.35 per share. OLN’s profit will be $65.07 million for 13.46 P/E if the $0.39 EPS becomes a reality. After $0.75 actual EPS reported by Olin Corporation for the previous quarter, Wall Street now forecasts -48.00 % negative EPS growth.

Olin Corporation manufactures and distributes chemical products in the United States and internationally. The company has market cap of $3.50 billion. It operates through three divisions: Chlor Alkali Products and Vinyls; Epoxy; and Winchester. It has a 4.64 P/E ratio. 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, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products, and potassium hydroxide.

Another recent and important Olin Corporation (NYSE:OLN) news was published by Nasdaq.com which published an article titled: “Mid-Day Market Update: Crude Oil Up Over 2%; Quanex Building Products Shares Plunge Following Q4 Results – Nasdaq” on December 11, 2018.

Olin Corporation (NYSE:OLN) Institutional Positions Chart

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