Olin Corporation (OLN) has been rated by 4 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $29 and the lowest price target forecast is $20. The average forecast of all the analysts is $24.75 and the expected standard deviation is $3.77.
Olin Corporation (OLN) : 3 brokerage houses believe that Olin Corporation (OLN) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Olin Corporation (OLN). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 5 Wall Street Analysts endorse the stock as a Buy with a rating of 1.6.
Also, Equity Analysts at the Cowen & Company upgrades the rating on Olin Corporation (NYSE:OLN). The brokerage firm has issued a Outperform rating on the shares. The shares were previously rated Market Perform. The rating by the firm was issued on June 28, 2016.
Olin Corporation (NYSE:OLN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.62 and $21.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.72, notching a gain of 0.37% for the day. The total traded volume was 1,832,174 . The stock had closed at $21.64 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.