In a report released yesterday, Michael Leithead from Barclays initiated coverage with a Hold rating on Olin (OLN – Research Report) and a price target of $57.00. The company’s shares closed last Friday at $55.15.
Leithead covers the Basic Materials sector, focusing on stocks such as Olin, Sherwin-Williams Company, and Dow Inc. According to TipRanks, Leithead has an average return of 5.5% and a 57.63% success rate on recommended stocks.
In addition to Barclays, Olin also received a Hold from Wells Fargo’s Michael Sison in a report issued on January 26. However, on the same day, Stifel Nicolaus maintained a Buy rating on Olin (NYSE: OLN).
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OLN market cap is currently $6.76B and has a P/E ratio of 15.45.
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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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