Short Term Price Target on Olin Corporation (OLN)

Olin Corporation (NYSE:OLN) has been rated by 4 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $31 and the lowest price target forecast is $20. The average forecast of all the analysts is $26.25 and the expected standard deviation is $4.65.

Olin Corp. has dropped 0.48% in the last five trading days, however, the shares have posted positive gains of 8.95% in the last 4 weeks. Olin Corp. is up 43.01% in the last 3-month period. Year-to-Date the stock performance stands at 47.44%.

Olin Corporation (NYSE:OLN) has an average broker rating of 1.6, which is interpreted as a Buy, as rated by 5 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Olin Corporation (NYSE:OLN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.12 and $23.92 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $24.84, notching a gain of 3.33% for the day. The total traded volume was 4,574,674 . The stock had closed at $24.04 on the previous day.

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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