Were Analysts Bullish Olin Corporation (NYSE:OLN) This Week?

June 17, 2018 - By Richard Conner

Olin Corporation (NYSE:OLN) LogoInvestors sentiment decreased to 1.09 in Q1 2018. 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.
12,514 are held by Creative Planning. Rhumbline Advisers holds 0.02% of its portfolio in Olin Corporation (NYSE:OLN) for 295,412 shares. New York State Teachers Retirement System holds 0.01% of its portfolio in Olin Corporation (NYSE:OLN) for 131,835 shares. Gemmer Asset Mgmt Limited Liability owns 159 shares. Great West Life Assurance Com Can holds 0.01% or 97,940 shares. Loring Wolcott Coolidge Fiduciary Advsr Ltd Liability Partnership Ma reported 115 shares. 20,246 are held by Moors Cabot. Teacher Retirement Of Texas reported 36,832 shares. Goldman Sachs Grp has invested 0.02% in Olin Corporation (NYSE:OLN). Citadel Ltd Liability Com holds 0.03% or 1.80 million shares. Us National Bank & Trust De stated it has 23,180 shares or 0% of all its holdings. Messner Smith Theme Value Mgmt Ltd Ca reported 2.9% in Olin Corporation (NYSE:OLN). Tortoise Invest Mngmt Limited Co holds 0% of its portfolio in Olin Corporation (NYSE:OLN) for 87 shares. California State Teachers Retirement Sys has 0.02% invested in Olin Corporation (NYSE:OLN). Vanguard Gru has invested 0.02% of its portfolio in Olin Corporation (NYSE:OLN).

Since February 12, 2018, it had 4 insider purchases, and 2 selling transactions for $46,190 activity. BOGUS DONALD W bought $198,397 worth of Olin Corporation (NYSE:OLN) on Friday, February 16. Shares for $286,889 were sold by MCINTOSH JOHN L. Shares for $208,083 were bought by Shipp Earl L on Tuesday, February 13. LARRIMORE RANDALL W bought 800 shares worth $25,024.

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. The stock has “Buy” rating by Vertical Research on Wednesday, January 3. The stock of Olin Corporation (NYSE:OLN) earned “Buy” rating by J.P. Morgan on Friday, March 9. The stock of Olin Corporation (NYSE:OLN) earned “Hold” rating by RBC Capital Markets on Monday, June 11. Susquehanna maintained Olin Corporation (NYSE:OLN) rating on Friday, March 23. Susquehanna has “Buy” rating and $4100 target. The firm earned “Buy” rating on Thursday, February 8 by Nomura. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, January 25. Morgan Stanley maintained Olin Corporation (NYSE:OLN) rating on Monday, February 12. Morgan Stanley has “Overweight” rating and $41 target. Susquehanna maintained Olin Corporation (NYSE:OLN) on Thursday, February 8 with “Buy” rating. The stock of Olin Corporation (NYSE:OLN) has “Neutral” rating given on Friday, April 20 by Nomura. On Monday, February 12 the stock rating was maintained by SunTrust with “Buy”. 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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