In a report issued on January 26, Arun Viswanathan from RBC Capital maintained a Buy rating on Olin (OLN – Research Report), with a price target of $81.00. The company’s shares closed last Thursday at $49.40.
According to TipRanks.com, Viswanathan is a 5-star analyst with an average return of 9.5% and a 63.9% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and Berry Global Group.
Olin has an analyst consensus of Strong Buy, with a price target consensus of $75.57, representing a 51.4% upside. In a report released yesterday, Alembic Global also maintained a Buy rating on the stock with a $85.00 price target.
The company has a one-year high of $64.76 and a one-year low of $22.76. Currently, Olin has an average volume of 1.59M.
Based on the recent corporate insider activity of 37 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. Most recently, in November 2021, Dawson Pat D, the EVP-Pres, Epoxy & Intl of OLN sold 65,434 shares for a total of $4,015,685.
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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