Olin (NYSE:OLN) Price Target Raised to $61.00 at The Goldman Sachs Group

Olin (NYSE:OLNFree Report) had its target price lifted by The Goldman Sachs Group from $55.00 to $61.00 in a research report report published on Tuesday morning, Benzinga reports. The brokerage currently has a neutral rating on the specialty chemicals company’s stock.

A number of other brokerages have also recently weighed in on OLN. Barclays increased their price target on shares of Olin from $49.00 to $57.00 and gave the stock an equal weight rating in a research note on Monday. Citigroup assumed coverage on shares of Olin in a research note on Monday, November 13th. They set a buy rating and a $50.00 target price for the company. JPMorgan Chase & Co. lowered Olin from an overweight rating to a neutral rating and lowered their price target for the stock from $75.00 to $48.00 in a report on Monday, October 30th. UBS Group upped their price objective on Olin from $56.00 to $58.00 and gave the company a neutral rating in a research note on Friday, January 26th. Finally, KeyCorp lifted their target price on Olin from $61.00 to $66.00 and gave the company an overweight rating in a research note on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $56.27.

Get Our Latest Stock Analysis on Olin

Olin Price Performance

Shares of NYSE OLN opened at $53.48 on Tuesday. The stock has a market cap of $6.55 billion, a P/E ratio of 15.11, a P/E/G ratio of 10.12 and a beta of 1.47. Olin has a twelve month low of $41.71 and a twelve month high of $64.70. The stock has a 50 day moving average of $51.40 and a two-hundred day moving average of $51.01. The company has a current ratio of 1.29, a quick ratio of 0.73 and a debt-to-equity ratio of 1.14.

Institutional Investors Weigh In On Olin

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Olin by 3.2% in the first quarter. Vanguard Group Inc. now owns 15,867,281 shares of the specialty chemicals company’s stock valued at $829,542,000 after buying an additional 493,052 shares in the last quarter. State Street Corp raised its position in Olin by 0.6% during the first quarter. State Street Corp now owns 5,581,714 shares of the specialty chemicals company’s stock worth $291,812,000 after acquiring an additional 31,587 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Olin by 0.5% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 5,428,806 shares of the specialty chemicals company’s stock valued at $278,986,000 after purchasing an additional 29,180 shares in the last quarter. Yacktman Asset Management LP acquired a new stake in shares of Olin in the second quarter valued at approximately $221,775,000. Finally, Capital International Investors purchased a new position in shares of Olin during the 2nd quarter worth approximately $182,905,000. Hedge funds and other institutional investors own 85.69% of the company’s stock.

Olin Company Profile

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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.

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Analyst Recommendations for Olin (NYSE:OLN)

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