Nomura analyst Aleksey Yefremov downgraded Olin Corp (OLN) to Sell today and set a price target of $22. The company’s shares closed yesterday at $23.90.
According to TipRanks.com, Yefremov is a 4-star analyst with an average return of 10.9% and a 56.9% success rate. Yefremov covers the Consumer Goods sector, focusing on stocks such as Westlake Chemical Corp, Albemarle Corp, and LyondellBasell.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Olin Corp with a $28 average price target.
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Olin Corp’s market cap is currently $3.99B and has a P/E ratio of 5.29. The company has a Price to Book ratio of 1.36.
Based on the recent corporate insider activity of 33 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.
