Opinion

Analysts Advise About Olin Corporation (NYSE:OLN)

Olin Corporation (NYSE:OLN) stock is presently standing at about $32.38 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 9 analysts covering the company is $34.00, which suggests the stock could still rise over 5 percent. The highest analyst price target is $38.00, which implies a rally of 83 percent. And a quick view of analyst notes show that 5 are rating the stock a buy while 1 rate OLN a strong buy. There are 5 equity research firms advocating a Hold and 0 consider it Sell.

Monness Crespi & Hardt analysts provided their view on Olin Corporation (NYSE:OLN) recently. The rating firm issued a Neutral rating to this company in a research note released on Feb 02, 2017. Longbow analysts disclosed their opinion on Olin Corporation (NYSE:OLN) recently. The rating firm gave a Neutral rating to this stock in a research note published on Feb 02, 2017. According to a research note disclosed on Sep 07, 2016, analysts at Longbow have lowered their rating on these shares from Neutral to Underperform.

Olin Corporation (NYSE:OLN) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its SVP, Ammunition OKeefe Thomas J sold 10,000 company shares for 322600, in a transaction on 2017-03-01. Following the transaction, the SVP, Ammunition is left with a stake of 57,736 shares, currently valued at $1869492. Meanwhile, VP & Treasurer Curley Stephen C sold 5,500 shares worth $176330, through a transaction dated 2017-03-01. Following the completion of the transaction, the insider is left with a stake of 18,853 shares, amounting $610460.14. OLN VP & Treasurer Curley Stephen C also sold 2,000 shares, at a stock price of $30.95. This transaction occurred on 2017-02-27 totals $61900. After this transaction, the insider’s stake stands at 18,853 shares, with a market value of $610460.

Executives hold 0.10 percent of the stock. Joseph D. Rupp is one of the biggest insider owners in Olin Corporation (NYSE:OLN), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 639,473 shares which have current market value of around $20706135.74.John E. Fischer is another major inside shareholder in the company. The insider owns 167,092 shares as of 0.1%, currently worth $5410438.96. Donald W. Bogus is ranked as third insider holder of the stock. This insider holds 80,618 shares with a market value around $2610410.84 as of recent close.

Olin Corporation (NYSE:OLN) Earnings Outlook

In Olin Corporation (NYSE:OLN)’s latest quarter, EPS moved to $0.10 from $0.33 in preceding quarter and revenues reached at $1,385.70M compared to $1,452.70M. Analysts had expected Olin Corporation (NYSE:OLN) to post net income of about $0.10 per share on $1,360.74M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.15 to $0.41. That is compared with the $0.33 in EPS it reported during the same period a year ago.

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