PolyOne Corporation (POL) is Downgraded by Goldman to Neutral

PolyOne Corporation (POL) was Downgraded by Goldman to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Goldman advised their investors in a research report released on Jul 28, 2016.

Many Wall Street Analysts have commented on PolyOne Corporation. PolyOne Corporation was Upgraded by Wellington Shields to ” Gradually Accumulate” on Jun 30, 2016.

On the company’s financial health, PolyOne Corporation reported $0.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.61. The company had revenue of $861.50 million for the quarter, compared to analysts expectations of $878.15 million. The company’s revenue was down -2.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.57 EPS.

PolyOne Corporation closed down -1.3 points or -3.54% at $35.41 with 10,53,586 shares getting traded on Thursday. Post opening the session at $35.5, the shares hit an intraday low of $35.15 and an intraday high of $36.09 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

Investors should note that on Jul 14, 2016, PolyOne Corporation announced a cash dividend of $0.1200. The company’s management has announced Sep 14, 2016 as the ex-dividend date and fixed the record date on Sep 16, 2016. The payable date has been fixed on Oct 6, 2016.

In a different news, on May 26, 2016, William Howard Powell (director) sold 5,881 shares at $36.70 per share price. According to the SEC, on Feb 4, 2016, William R Jellison (director) purchased 4,000 shares at $24.84 per share price. On Dec 4, 2015, Stephen D Newlin (Executive Chairman) sold 43,493 shares at $34.40 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.

PolyOne Corporation

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