What’s in Olin Corporation (OLN) After Today’s Significant Increase?

September 17, 2017 - By test

Investors sentiment decreased to 1 in 2016 Q4. Its down 0.13, from 1.13 in 2016Q3. It turned negative, as 29 investors sold Olin Corporation shares while 93 reduced holdings. 47 funds opened positions while 75 raised stakes. 158.89 million shares or 5.82% less from 168.70 million shares in 2016Q3 were reported.
Barclays Plc has invested 0% in Olin Corporation (NYSE:OLN). Blackrock Incorporated has 258,226 shares for 0.01% of their portfolio. Jefferies Limited Liability Company accumulated 21,619 shares. Cornerstone Cap Mgmt Hldgs Ltd Company invested 0.01% of its portfolio in Olin Corporation (NYSE:OLN). Prudential stated it has 103,702 shares. Nomura Asset Management Ltd owns 1,400 shares. Kcg Holdings Inc accumulated 12,807 shares. Riverhead Capital Ltd Liability Co owns 0.01% invested in Olin Corporation (NYSE:OLN) for 8,700 shares. Oregon Pub Employees Retirement Fund holds 0.03% or 57,085 shares. Foundation Asset Mngmt Limited Partnership reported 2.72% stake. Rockefeller Serv holds 3,285 shares. Brown Advisory Ltd Liability accumulated 10,370 shares. Pointstate Capital Limited Partnership invested 0.15% in Olin Corporation (NYSE:OLN). Oppenheimer & has 0.01% invested in Olin Corporation (NYSE:OLN) for 13,682 shares. Mufg Americas Holdg invested in 0% or 88 shares.

The stock of Olin Corporation (NYSE:OLN) is a huge mover today! The stock increased 3.86% or $1.2 on September 15, reaching $32.29. About 3.09M shares traded or 77.59% up from the average. Olin Corporation (NYSE:OLN) has risen 51.90% since September 17, 2016 and is uptrending. It has outperformed by 35.20% the S&P500.
The move comes after 8 months positive chart setup for the $5.37 billion company. It was reported on Sep, 17 by Barchart.com. We have $34.87 PT which if reached, will make NYSE:OLN worth $429.60 million more.

Analysts await Olin Corporation (NYSE:OLN) to report earnings on October, 30. They expect $0.43 EPS, up 30.30 % or $0.10 from last year’s $0.33 per share. OLN’s profit will be $71.51 million for 18.77 P/E if the $0.43 EPS becomes a reality. After $0.01 actual EPS reported by Olin Corporation for the previous quarter, Wall Street now forecasts 4,200.00 % EPS growth.

Olin Corporation (NYSE:OLN) Ratings Coverage

Among 9 analysts covering Olin Corporation (NYSE:OLN), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Olin Corporation had 30 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Tuesday, September 8 with “Sector Perform”. The firm has “Neutral” rating given on Wednesday, September 2 by UBS. The firm has “Outperform” rating given on Friday, February 10 by Cowen & Co. Bank of America initiated Olin Corporation (NYSE:OLN) on Monday, May 8 with “Buy” rating. RBC Capital Markets maintained Olin Corporation (NYSE:OLN) rating on Tuesday, June 20. RBC Capital Markets has “Buy” rating and $35 target. On Thursday, February 2 the stock rating was downgraded by Monness Crespi & Hardt to “Neutral”. The firm has “Outperform” rating given on Friday, July 29 by Cowen & Co. The firm has “Buy” rating by RBC Capital Markets given on Tuesday, September 5. The company was maintained on Thursday, February 4 by RBC Capital Markets. The company was maintained on Tuesday, September 5 by Cowen & Co.

Another recent and important Olin Corporation (NYSE:OLN) news was published by Theadvocate.com which published an article titled: “Authorities: Contract worker for Olin Corp. in Plaquemine treated on-site …” on September 07, 2017.

Olin Corporation is a manufacturer and distributor of chemical products, and ammunition. The company has market cap of $5.37 billion. The Firm operates through three divisions: Chlor Alkali Products and Vinyls, Epoxy and Winchester. It has a 126.46 P/E ratio. The Chlor Alkali Products and Vinyls segment makes and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products and potassium hydroxide.

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