Barclays analyst Michael Leithead maintained a Hold rating on Olin (OLN – Research Report) yesterday and set a price target of $49.00. The company’s shares closed yesterday at $51.75.
According to TipRanks, Leithead is a 4-star analyst with an average return of 5.4% and a 57.63% success rate. Leithead covers the Basic Materials sector, focusing on stocks such as Olin, Celanese, and Methanex.
In addition to Barclays, Olin also received a Hold from UBS’s Joshua Spector in a report issued on January 11. However, yesterday, Alembic Global maintained a Buy rating on Olin (NYSE: OLN).
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The company has a one-year high of $63.73 and a one-year low of $41.52. Currently, Olin has an average volume of 1.23M.
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Olin (OLN) Company Description:
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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