Price Target Update on Olin Corporation (NYSE:OLN)

Olin Corporation (NYSE:OLN) : The consensus price target for Olin Corporation (NYSE:OLN) is $23 for the short term with a standard deviation of $4.76. The most optimist securities analyst among the 4 who monitor the stock believes that the stock can reach $28, however, the pessimist price target for the company is $18.

Other Equity analysts have also commented on the company shares. In the latest statement by the brokerage house, Susquehanna maintains its outlook on Olin Corporation (NYSE:OLN). The current rating of the shares is Positive, according to the research report released by the firm. The brokerage firm lowers the price target from $23 per share to $21 per share. The rating by the firm was issued on February 5, 2016.

Olin Corporation (NYSE:OLN): stock turned positive on Thursday. Though the stock opened at $24.74, the bulls momentum made the stock top out at $24.96 level for the day. The stock recorded a low of $24.59 and closed the trading day at $24.96, in the green by 2.67%. The total traded volume for the day was 2,436,431. The stock had closed at $24.31 in the previous days trading.

The company shares have dropped -12.59% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $28.16 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $22.66 and the 200 Day Moving Average price is recorded at $18.38. On the companys insider trading activities, Larrimore Randall W, director of Olin Corp, executed a transaction worth $24,720 on March 1, 2016. A total of 1,600 shares were purchased at an average price of $15.45. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Olin Corporation is a manufacturing company. The Company operates in three segments: Chlor Alkali Products, Chemical Distribution and Winchester. Chlor Alkali Products manufactures and sells chlorine and caustic soda, hydrochloric acid, hydrogen, bleach products and potassium hydroxide. Chemical Distribution manufactures bleach products and distributes caustic soda, bleach products, potassium hydroxide and hydrochloric acid. Winchester products segments include sporting ammunition, reloading components, small caliber military ammunition and components and industrial cartridges. The Companys subsidiary, Olin Canada ULC, operates one chlor alkali facility in Becancour, Canada, which sells chlor alkali-related products within Canada and to the United States and also sells and distributes ammunition within Canada. Its subsidiary, Winchester Australia Limited, loads and packs sporting and industrial ammunition in Australia.

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