Olin (NYSE:OLN) Price Target Lowered to $25.00 at BMO Capital Markets

Olin (NYSE:OLN) had its price objective reduced by analysts at BMO Capital Markets from $30.00 to $25.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “market perform” rating on the specialty chemicals company’s stock. BMO Capital Markets’ price target suggests a potential upside of 24.91% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Zacks Research raised shares of Olin from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings reissued a “sell (d)” rating on shares of Olin in a report on Friday, May 22nd. Wells Fargo & Company restated an “overweight” rating and issued a $37.00 target price on shares of Olin in a research note on Sunday, May 10th. Morgan Stanley raised their target price on Olin from $18.00 to $22.00 and gave the stock an “underweight” rating in a report on Monday, May 11th. Finally, Bank of America cut Olin from a “buy” rating to an “underperform” rating and reduced their price target for the company from $32.00 to $21.00 in a research report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Olin presently has an average rating of “Hold” and an average target price of $27.15.

Olin Stock Down 0.1%

NYSE:OLN opened at $20.02 on Monday. The firm has a market capitalization of $2.28 billion, a P/E ratio of -17.87 and a beta of 1.21. Olin has a 1-year low of $18.08 and a 1-year high of $30.46. The company’s fifty day moving average price is $24.93 and its 200-day moving average price is $24.70. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.36 and a quick ratio of 0.82.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Values First Advisors Inc. increased its stake in Olin by 3.4% during the 1st quarter. Values First Advisors Inc. now owns 12,909 shares of the specialty chemicals company’s stock worth $384,000 after buying an additional 425 shares in the last quarter. Covestor Ltd boosted its stake in shares of Olin by 10.6% in the fourth quarter. Covestor Ltd now owns 5,189 shares of the specialty chemicals company’s stock worth $108,000 after acquiring an additional 497 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Olin by 2.2% during the first quarter. Oregon Public Employees Retirement Fund now owns 23,302 shares of the specialty chemicals company’s stock worth $693,000 after purchasing an additional 500 shares in the last quarter. Madison Asset Management LLC raised its stake in Olin by 0.6% in the 4th quarter. Madison Asset Management LLC now owns 97,616 shares of the specialty chemicals company’s stock valued at $2,033,000 after purchasing an additional 555 shares during the last quarter. Finally, First Citizens Bank & Trust Co. raised its stake in Olin by 2.0% in the 1st quarter. First Citizens Bank & Trust Co. now owns 31,230 shares of the specialty chemicals company’s stock valued at $928,000 after purchasing an additional 609 shares during the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

About Olin

Olin Corporation is a diversified manufacturer specializing in chemical products and ammunition. The company’s core business activities encompass the production and distribution of chlor-alkali products, epoxy resins and derivatives, and small-caliber ammunition under the Winchester brand. Olin’s chemical operations supply chlorine, caustic soda and related co-products to a wide range of end markets, including water treatment, pulp and paper, pharmaceuticals and general industrial applications.

In its Chlor Alkali Products & Vinyls segment, Olin operates multiple manufacturing facilities that produce chlorine and sodium hydroxide, along with vinyl chloride monomer and polyvinyl chloride (PVC) compounds.