In a report released today, Charles Neivert from Cowen & Co. reiterated a Buy rating on Olin Corp (NYSE: OLN), with a price target of $42. The company’s shares opened today at $30.26.
According to TipRanks.com, Neivert is a 5-star analyst with an average return of 14.3% and a 68.9% success rate. Neivert covers the Consumer Goods sector, focusing on stocks such as Westlake Chemical Corp, LyondellBasell, and CF Industries.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Olin Corp with a $37.75 average price target, representing a 24.8% upside. In a report issued on August 1, Susquehanna also reiterated a Buy rating on the stock with a $40 price target.
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Based on Olin Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $58.6 million. In comparison, last year the company had a GAAP net loss of $5.9 million.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OLN in relation to earlier this year.
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Olin Corp. engages in manufacturing of chemicals products. It operates through the following segments: Chlor Alkali Products and Vinyls, Epoxy, and Winchester.
