Analyst Ratings for Olin Corp. (OLN)Updated: 2017-07-26
Olin Corp. (NYSE:OLN) was awarded an average rating of Overweight from investment analysts following the stock. Last month, OLN received an average rating of Overweight.
14 analysts issued ratings on the stock, where 8 gave OLN a buy rating, 1 issued an overweight rating, 5 issued a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an increase of 3 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Several price targets were given for OLN by the analysts covering the stock. The highest price target was 40, which equates to a potential upside of 28.58 percent. The most pessimistic price target was 26, implying potential capital losses of -16.43 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -14.29 percent. That number becomes -65.79 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised downwards by -1.5 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -12.49 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 1 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 1 analysts decreased their estimates.
Analysts estimate earnings of OLN to grow at a rate of 375.03 percent. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. OLN has a PEG ratio of 0.3.
OLN has traded between a high of 33.88 and a low of 18.24 over the past year. Currently the stock is 70.56 percent higher than its low, and below the high by 8.18 percent. OLN has a P/E ratio of 111.11. Investors typically compare the P/E ratio to a company's peers in the industry. The OLN value stock report compares OLN to some of its peers using value stock charts. The market cap of OLN is $5.24 billion. OLN's next earnings release will be on 0000-00-00, which is days away.