Stifel Nicolaus analyst Vincent Anderson maintained a Buy rating on Olin (OLN) yesterday and set a price target of $20.00. The company’s shares closed last Monday at $10.32, close to its 52-week low of $8.76.
According to TipRanks.com, Anderson is ranked 0 out of 5 stars with an average return of -19.9% and a 23.5% success rate. Anderson covers the Consumer Goods sector, focusing on stocks such as Compass Minerals International, Archer Daniels Midland, and HB Fuller.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Olin with a $17.88 average price target.
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Based on Olin’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.39 billion and GAAP net loss of $77.2 million. In comparison, last year the company earned revenue of $1.64 billion and had a net profit of $53.3 million.
Based on the recent corporate insider activity of 37 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. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products and potassium hydroxide. . The Epoxy segment produces and sells epoxy materials, which includes allyl chloride, epichlorohydrin, liquid epoxy resins and downstream products such as converted epoxy resins and additives. The Winchester segment produces and sells sporting ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges. The company was founded by Franklin W. Olin in 1892 and is headquartered in Clayton, MO.