KeyBanc analyst Michael Sison maintained a Buy rating on Polyone Corp (POL) today and set a price target of $34. The company’s shares opened today at $29.47.
According to TipRanks.com, Sison is a 5-star analyst with an average return of 15.3% and a 69.1% success rate. Sison covers the Consumer Goods sector, focusing on stocks such as International Flavors & Fragrances, Air Products and Chemicals, and Sensient Technologies Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Polyone Corp with a $36.50 average price target, a 23.9% upside from current levels. In a report released yesterday, Oppenheimer also maintained a Buy rating on the stock with a $40 price target.
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Based on Polyone Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $834 million and net profit of $11.6 million. In comparison, last year the company had a net profit of $46.9 million.
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PolyOne Corp. engages in the business of thermoplastic compounds. It specializes in polymer materials, services and solutions with operations in specialty polymer formulations, color and additive systems, plastic sheet and packaging solutions and polymer distribution.
