Olin Corporation (OLN) : 5 analysts are covering Olin Corporation (OLN) and their average rating on the stock is 1.6, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Olin Corporation (OLN) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Olin Corporation (OLN) : 4 investment research analysts covering Olin Corporation (OLN) have an average price target of $24.75 for the near short term. The highest target price given by the Brokerage Firm to the stock is $29 and the lowest target is $20 for the short term. Analysts expect the variance to be within $3.77 of the average price.
For the current week, the company shares have a recommendation consensus of Buy. Olin Corporation (NYSE:OLN): The stock opened at $20.76 on Thursday but the bulls could not build on the opening and the stock topped out at $20.78 for the day. The stock traded down to $20.44 during the day, due to lack of any buying support eventually closed down at $20.67 with a loss of -0.05% for the day. The stock had closed at $20.68 on the previous day. The total traded volume was 2,862,843 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Olin Corp, Larrimore Randall W, had purchased 1,600 shares in a transaction dated on March 1, 2016. The transaction was executed at $15.45 per share with total amount equaling $24,720.
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.