Olin (NYSE:OLN) PT Lowered to $48.00 at Deutsche Bank Aktiengesellschaft

Olin (NYSE:OLN) had its price target decreased by research analysts at Deutsche Bank Aktiengesellschaft from $57.00 to $48.00 in a report issued on Monday, Benzinga reports. The firm presently has a “hold” rating on the specialty chemicals company’s stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 6.95% from the company’s current price.

A number of other equities research analysts also recently issued reports on OLN. Citigroup lifted their price target on shares of Olin from $63.00 to $67.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Stifel Nicolaus lifted their price objective on Olin from $68.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Piper Sandler upped their target price on Olin from $72.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, April 29th. Bank of America dropped their price target on Olin from $74.00 to $72.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Finally, Royal Bank of Canada decreased their price objective on shares of Olin from $61.00 to $52.00 and set an “outperform” rating on the stock in a research report on Monday. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Olin presently has a consensus rating of “Hold” and a consensus target price of $56.64.

Olin Stock Performance

NYSE OLN traded up $0.29 on Monday, hitting $44.88. 1,894,517 shares of the company’s stock were exchanged, compared to its average volume of 1,081,069. The firm has a market cap of $5.36 billion, a price-to-earnings ratio of 16.19, a P/E/G ratio of 0.32 and a beta of 1.44. The firm’s 50-day moving average price is $49.67 and its two-hundred day moving average price is $52.72. Olin has a fifty-two week low of $41.71 and a fifty-two week high of $60.60. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.43 and a quick ratio of 0.82.

Olin (NYSE:OLN) last announced its quarterly earnings data on Thursday, July 25th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.08). Olin had a return on equity of 11.73% and a net margin of 4.26%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the company earned $1.13 EPS. The company’s revenue was down 3.5% on a year-over-year basis. On average, research analysts expect that Olin will post 3.1 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of OLN. LRI Investments LLC purchased a new position in shares of Olin in the 1st quarter worth $28,000. EverSource Wealth Advisors LLC increased its stake in Olin by 4,375.0% during the first quarter. EverSource Wealth Advisors LLC now owns 537 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 525 shares during the last quarter. Sandy Spring Bank raised its holdings in shares of Olin by 145.6% in the 4th quarter. Sandy Spring Bank now owns 614 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 364 shares during the period. Fifth Third Bancorp lifted its stake in shares of Olin by 30.0% in the 1st quarter. Fifth Third Bancorp now owns 858 shares of the specialty chemicals company’s stock valued at $50,000 after purchasing an additional 198 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of Olin during the 4th quarter worth about $50,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

Olin Company Profile

Olin Corporation manufactures and distributes chemical products in the United States, Europe, Asia Pacific, Latin America, and Canada. 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, and chlorinated organics intermediates and solvents.