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KeyBanc Keeps Their Buy Rating on Olin (OLN)

In a report released today, Aleksey Yefremov from KeyBanc maintained a Buy rating on Olin (OLNResearch Report), with a price target of $61.00. The company’s shares closed last Friday at $52.27.

According to TipRanks.com, Yefremov is a 5-star analyst with an average return of 13.5% and a 60.3% success rate. Yefremov covers the Basic Materials sector, focusing on stocks such as Axalta Coating Systems, DuPont de Nemours, and Eastman Chemical.

Olin has an analyst consensus of Strong Buy, with a price target consensus of $69.33, implying a 33.6% upside from current levels. In a report issued on July 28, Alembic Global also maintained a Buy rating on the stock with a $85.00 price target.

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Based on Olin’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.46 billion and net profit of $393 million. In comparison, last year the company earned revenue of $1.92 billion and had a net profit of $244 million.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OLN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Olin Corp. engages in manufacturing of chemicals products. It operates through the following segments: Chlor Alkali Products and Vinyls, Epoxy, and Winchester. The Chlor Alkali Products and Vinyls segment manufactures 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. . The Epoxy segment produces and sells epoxy materials, which includes allyl chloride, epichlorohydrin, liquid epoxy resins and downstream products such as converted epoxy resins and additives. The Winchester segment produces and sells sporting ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges. The company was founded by Franklin W. Olin in 1892 and is headquartered in Clayton, MO.

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