According to TipRanks.com, Leithead is a 2-star analyst with an average return of 2.8% and a 57.1% success rate. Leithead covers the Consumer Goods sector, focusing on stocks such as Westlake Chemical Corp, Cabot Corporation, and Huntsman Corp.
Olin Corp has an analyst consensus of Moderate Buy, with a price target consensus of $24.17, implying a 30.9% upside from current levels. In a report issued on July 19, Morgan Stanley also downgraded the stock to Hold.
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Based on Olin Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $20 million. In comparison, last year the company had a net profit of $58.6 million.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is neutral on the stock.
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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.