Olin (NYSE:OLN) Price Target Cut to $68.00 by Analysts at Piper Sandler

Olin (NYSE:OLNGet Rating) had its price target reduced by Piper Sandler from $73.00 to $68.00 in a report issued on Wednesday, The Fly reports. The firm currently has an “overweight” rating on the specialty chemicals company’s stock. Piper Sandler’s target price points to a potential upside of 50.31% from the stock’s previous close.

Other analysts also recently issued reports about the company. Citigroup increased their price target on Olin to $57.00 in a research report on Tuesday, August 9th. Bank of America decreased their target price on Olin from $81.00 to $72.00 and set a “buy” rating for the company in a research report on Tuesday, June 14th. Credit Suisse Group assumed coverage on Olin in a research report on Tuesday, September 6th. They issued an “underperform” rating and a $51.00 target price for the company. Barclays decreased their target price on Olin from $65.00 to $52.00 and set an “equal weight” rating for the company in a research report on Monday, July 11th. Finally, StockNews.com downgraded Olin from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $63.75.

Olin Stock Performance

Shares of OLN opened at $45.24 on Wednesday. The company has a current ratio of 1.44, a quick ratio of 0.93 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $6.57 billion, a price-to-earnings ratio of 4.76, a PEG ratio of 1.45 and a beta of 1.31. The stock has a 50 day moving average of $52.42 and a 200 day moving average of $54.27. Olin has a 12 month low of $43.02 and a 12 month high of $67.25.

Insider Activity at Olin

In related news, COO James A. Varilek sold 3,345 shares of the business’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $57.81, for a total transaction of $193,374.45. Following the transaction, the chief operating officer now owns 17,761 shares in the company, valued at approximately $1,026,763.41. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 9.00% of the stock is owned by company insiders.

Institutional Trading of Olin

Large investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its position in Olin by 36.4% during the 1st quarter. Commonwealth Equity Services LLC now owns 38,936 shares of the specialty chemicals company’s stock valued at $2,035,000 after acquiring an additional 10,382 shares in the last quarter. First Citizens Bank & Trust Co. boosted its position in Olin by 12.3% during the 1st quarter. First Citizens Bank & Trust Co. now owns 6,728 shares of the specialty chemicals company’s stock valued at $352,000 after acquiring an additional 735 shares in the last quarter. CWM LLC boosted its position in Olin by 37.0% during the 1st quarter. CWM LLC now owns 1,052 shares of the specialty chemicals company’s stock valued at $55,000 after acquiring an additional 284 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Olin by 4.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 24,858 shares of the specialty chemicals company’s stock worth $1,300,000 after purchasing an additional 1,143 shares in the last quarter. Finally, Pzena Investment Management LLC boosted its position in shares of Olin by 5.9% in the 1st quarter. Pzena Investment Management LLC now owns 3,404,652 shares of the specialty chemicals company’s stock worth $177,995,000 after purchasing an additional 188,830 shares in the last quarter. 87.92% of the stock is owned by institutional investors.

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.

Featured Articles

The Fly logo

Analyst Recommendations for Olin (NYSE:OLN)

Receive News & Ratings for Olin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Olin and related companies with MarketBeat.com's FREE daily email newsletter.