PolyOne Corporation (POL) was Upgraded by Seaport Global Securities to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 41 from a previous price target of $37 . Earlier the firm had a rating of “Accumulate ” on the company shares. Seaport Global Securities advised their investors in a research report released on Apr 27, 2016.
Many Wall Street Analysts have commented on PolyOne Corporation. Company shares were Upgraded by Seaport Global Securities on Apr 18, 2016 to ” Accumulate”, Firm has raised the Price Target to $ 37 from a previous price target of $29 .PolyOne Corporation was Downgraded by Jefferies to ” Hold” on Feb 16, 2016. PolyOne Corporation was Downgraded by Wellington Shields to ” Hold” on Feb 4, 2016.
On the company’s financial health, PolyOne Corporation reported $0.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.49. The company had revenue of $847.00 million for the quarter, compared to analysts expectations of $840.00 million. The company’s revenue was down -3.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.46 EPS.
PolyOne Corporation opened for trading at $33.3 and hit $33.9 on the upside on Friday, eventually ending the session at $33.59, with a gain of 1.33% or 0.44 points. The heightened volatility saw the trading volume jump to 3,87,910 shares. Company has a market cap of $2,865 M.
In a different news, on Feb 4, 2016, William R Jellison (director) purchased 4,000 shares at $24.84 per share price. According to the SEC, on Dec 4, 2015, Stephen D Newlin (Executive Chairman) sold 43,493 shares at $34.40 per share price. On Aug 10, 2015, Kerry J Preete (director) purchased 2,943 shares at $34.05 per share price, according to the Form-4 filing with the securities and exchange commission.
PolyOne Corporation (PolyOne) is a provider of polymer materials services and solutions. The Company offers specialty polymer formulations color and additive systems plastic sheet and packaging solutions and polymer distribution. The Company operates in five segments: Global Color Additives and Inks; which provides color and additive concentrates; Global Specialty Engineered Materials which offers polymer formulations services and solutions; Designed Structures and Solutions which provides solutions for engineered polymer structures rigid barrier packaging and specialty cast acrylics; Performance Products and Solutions segment consists of the Geon Performance Materials (Geon) and Producer Services business units and PolyOne Distribution segment distributes engineering and commodity grade resins. It offers ColorMatrix fiber colorant solutions which provides late-stage color injection in fiber applications utilizing liquid solutions.