Are Analysts Bullish about Olin Corporation (NYSE:OLN) after last week?

June 17, 2018 - By Richard Conner

Olin Corporation (NYSE:OLN) LogoInvestors sentiment decreased to 1.09 in 2018 Q1. Its down 0.20, from 1.29 in 2017Q4. It fall, as 45 investors sold Olin Corporation shares while 83 reduced holdings. 45 funds opened positions while 95 raised stakes. 138.66 million shares or 4.22% less from 144.77 million shares in 2017Q4 were reported.
Lombard Odier Asset (Usa) Corporation holds 39,867 shares or 0.09% of its portfolio. Jag Capital Mngmt Llc holds 0.51% or 91,645 shares in its portfolio. Moreover, Corsair Ltd Partnership has 0.64% invested in Olin Corporation (NYSE:OLN) for 112,709 shares. 63,557 are held by Oregon Pub Employees Retirement Fund. Ing Groep Nv holds 0.01% or 15,917 shares in its portfolio. Caxton Limited Partnership holds 100,000 shares. California State Teachers Retirement Systems reported 268,584 shares. 232,407 are owned by Legal General Grp Public Limited. Shelton Cap Management has invested 0.02% in Olin Corporation (NYSE:OLN). Proshare Advsrs Limited Liability Com holds 27,521 shares. Wealthtrust holds 10 shares. Credit Suisse Ag holds 149,777 shares or 0% of its portfolio. Bank & Trust Of Montreal Can accumulated 136,442 shares. Ubs Asset Americas Inc reported 264,378 shares. Stevens Management Lp has 20,624 shares.

Since February 12, 2018, it had 4 buys, and 2 sales for $46,190 activity. On Tuesday, February 13 Shipp Earl L bought $208,083 worth of Olin Corporation (NYSE:OLN) or 6,500 shares. Curley Stephen C also sold $206,250 worth of Olin Corporation (NYSE:OLN) on Thursday, March 1. 500 Olin Corporation (NYSE:OLN) shares with value of $15,445 were bought by LARRIMORE RANDALL W. 8,750 shares valued at $286,889 were sold by MCINTOSH JOHN L on Monday, February 26.

Olin Corporation (NYSE:OLN) Ratings Coverage

Among 10 analysts covering Olin Corp (NYSE:OLN), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Olin Corp had 16 analyst reports since January 3, 2018 according to SRatingsIntel. Citigroup maintained the shares of OLN in report on Tuesday, April 10 with “Buy” rating. Susquehanna maintained Olin Corporation (NYSE:OLN) on Friday, March 23 with “Buy” rating. RBC Capital Markets maintained Olin Corporation (NYSE:OLN) on Tuesday, April 17 with “Buy” rating. The firm has “Buy” rating by Vertical Research given on Wednesday, January 3. The stock has “Buy” rating by RBC Capital Markets on Thursday, January 25. The rating was maintained by Morgan Stanley with “Overweight” on Monday, February 12. The stock has “Buy” rating by Susquehanna on Thursday, February 8. As per Friday, February 9, the company rating was maintained by Cowen & Co. J.P. Morgan initiated the stock with “Buy” rating in Friday, March 9 report. Nomura downgraded the shares of OLN in report on Friday, April 20 to “Neutral” rating. Below is a list of Olin Corporation (NYSE:OLN) latest ratings and price target changes.

11/06/2018 Broker: RBC Capital Markets Rating: Hold New Target: $34.0000 Downgrade
20/04/2018 Broker: Nomura Old Rating: Buy New Rating: Neutral Old Target: $40 Downgrade
17/04/2018 Broker: RBC Capital Markets Rating: Buy New Target: $37.0000 Maintain
10/04/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $40 New Target: $38 Maintain
23/03/2018 Broker: Susquehanna Rating: Buy New Target: $41.0000 Maintain
09/03/2018 Broker: JP Morgan Rating: Overweight New Target: $36 Initiates Coverage On
09/03/2018 Broker: J.P. Morgan Rating: Buy New Target: $36.0 Initiate
12/02/2018 Broker: SunTrust Rating: Buy New Target: $43.0 Maintain
12/02/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $45 New Target: $41 Maintain
09/02/2018 Broker: Cowen & Co Rating: Buy New Target: $41.0 Maintain

The stock decreased 0.10% or $0.03 during the last trading session, reaching $30.38. About 2.62M shares traded or 32.81% up from the average. Olin Corporation (NYSE:OLN) has risen 10.00% since June 17, 2017 and is uptrending. It has underperformed by 2.57% the S&P500.

Olin Corporation manufactures and distributes chemical products in the United States and internationally. The company has market cap of $5.08 billion. It operates through three divisions: Chlor Alkali Products and Vinyls; Epoxy; and Winchester. It has a 9.32 P/E ratio. 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, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products, and potassium hydroxide.

Another recent and important Olin Corporation (NYSE:OLN) news was published by Nasdaq.com which published an article titled: “Report: Developing Opportunities within Axon Enterprise, Old Dominion Freight Line, Pennsylvania Real Estate …” on June 15, 2018.

Olin Corporation (NYSE:OLN) Institutional Positions Chart

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