Citigroup Raises Olin (NYSE:OLN) Price Target to $74.00

Olin (NYSE:OLNGet Rating) had its target price increased by investment analysts at Citigroup from $65.00 to $74.00 in a research report issued on Monday, The Fly reports. Citigroup’s target price suggests a potential upside of 14.69% from the stock’s previous close.

Several other research analysts have also issued reports on the company. Zacks Investment Research lowered Olin from a “buy” rating to a “hold” rating and set a $60.00 price objective for the company. in a research note on Monday, January 3rd. KeyCorp increased their price objective on Olin from $64.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 5th. Morgan Stanley dropped their price objective on Olin from $60.00 to $58.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 11th. Barclays increased their price objective on Olin from $57.00 to $65.00 in a research note on Monday. Finally, StockNews.com lowered Olin from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $71.00.

Shares of NYSE OLN traded up $5.66 during trading hours on Monday, reaching $64.52. The stock had a trading volume of 1,864,430 shares, compared to its average volume of 1,994,666. The business’s fifty day moving average is $53.08 and its two-hundred day moving average is $54.38. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.49 and a quick ratio of 0.94. The company has a market cap of $9.95 billion, a price-to-earnings ratio of 6.98 and a beta of 1.20. Olin has a twelve month low of $39.90 and a twelve month high of $64.76.

A number of institutional investors have recently bought and sold shares of OLN. Sageworth Trust Co of South Dakota bought a new position in Olin during the fourth quarter worth about $25,000. Castle Financial & Retirement Planning Associates Inc. acquired a new position in shares of Olin during the 4th quarter worth approximately $31,000. TCI Wealth Advisors Inc. increased its position in shares of Olin by 169.2% during the 1st quarter. TCI Wealth Advisors Inc. now owns 603 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 379 shares during the last quarter. TFO TDC LLC acquired a new position in shares of Olin during the 1st quarter worth approximately $32,000. Finally, National Bank of Canada FI acquired a new position in shares of Olin during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Olin Company Profile (Get Rating)

Olin Corporation manufactures and distributes chemical products in the United States, Europe, and internationally. It operates through three segments: Chlor Alkali Products and Vinyls; Epoxy; and Winchester. The Chlor Alkali Products and Vinyls segment offers chlorine and caustic soda, ethylene dichloride and vinyl chloride monomers, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, hydrochloric acid, hydrogen, bleach products, potassium hydroxide, chlorinated organics intermediates and solvents, and sodium hypochlorite.

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