Olin Corporation (NYSE:OLN) registered a 11.90% increase, still its new closing price is 145.38% up from the company’s 1 year high of 27.98.It posted 7.44% gains in previous 5 sessions and is now the subject of 3 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 0 sells versus 2 buy or better ratings. The 11 stock analysts following this company have an average price target at $26.60, with individual PT in the $17.00-$35.00 range. The shares moved at $29.33, implying that brokerage firms see shares gaining about 95.47% in twelve months time.
Olin Corporation (OLN) SEC Form 4 News
The stock is getting much attention these days as insiders are adding shares while they posted a 14.53% rise year to date. A Pres, Epoxy & International at Olin Corporation (OLN) acquired shares in a transaction closed on Tuesday November 08, 2016. Dawson Pat D bought 20,000 shares in the company at $22.54 each and collected $450,001 in proceeds. Dawson Pat D now owns 40,000 shares in the company after this transaction. A EVP, Chemicals & Ammunition in the company, MCINTOSH JOHN L, disclosed a transaction on Tuesday August 23, 2016 that ended up generating $215,001 from the sale of 10,000 shares at $21.59 per share.
Olin Corporation (NYSE:OLN) Upcoming Results on Tap
Olin Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.24 in that period. Sales during the quarter are predicted to arrive at $1.41 billion.
Earnings surprise history: Last quarter, the company posted approximately $1.39 billion in revenue and EPS of $0.10. The mean forecast was for $1.36 billion and $0.10 a share, respectively. One quarter earlier, revenue for the stock was at $1.45 billion, with earnings at $0.33/share.
Olin Corporation (OLN) Brokerage Update
Olin Corporation (OLN) is in Longbow’s research list so their analyst rating change is noteworthy. These shares were downgraded to Underperform from Neutral by Longbow, according to news reported on Wednesday September 07, 2016.Another important research note was issued by Cowen on Tuesday June 28, 2016.The firm upgraded OLN to Outperform from Market Perform. Over the last six months and over the last three months, the shares of Olin Corporation (OLN), have changed 44.35% and 34.94%, respectively.
