Time to Buy Olin Corporation (OLN) After Today’s Significant Increase?

September 17, 2017 - By Vivian Park

Investors sentiment decreased to 1 in Q4 2016. Its down 0.13, from 1.13 in 2016Q3. It dropped, as 29 investors sold Olin Corporation shares while 93 reduced holdings. 47 funds opened positions while 75 raised stakes. 158.89 million shares or 5.82% less from 168.70 million shares in 2016Q3 were reported.
Susquehanna Ltd Liability Partnership holds 33,753 shares. 1.64 million are held by Deprince Race & Zollo. Invesco stated it has 0% of its portfolio in Olin Corporation (NYSE:OLN). Brown Advisory holds 0% of its portfolio in Olin Corporation (NYSE:OLN) for 17,490 shares. Voloridge Inv Mgmt Limited Liability Company has invested 0.15% of its portfolio in Olin Corporation (NYSE:OLN). Hudock Capital Grp Lc invested in 179 shares or 0% of the stock. Geode Mgmt Limited Company reported 1.18 million shares. First Eagle Invest Mngmt owns 2.30M shares for 0.15% of their portfolio. Management invested in 19,000 shares. Gemmer Asset Mngmt Ltd Co accumulated 209 shares or 0% of the stock. Ahl Ptnrs Ltd Liability Partnership stated it has 32,385 shares. Dekabank Deutsche Girozentrale holds 11,300 shares. Royal Bancshares Of Canada stated it has 0.02% of its portfolio in Olin Corporation (NYSE:OLN). Retirement Systems Of Alabama owns 213,424 shares. Suntrust Banks Incorporated invested in 12,661 shares.

The stock of Olin Corporation (NYSE:OLN) is a huge mover today! The stock increased 3.86% or $1.2 on September 15, reaching $32.29. About 3.09 million shares traded or 77.59% up from the average. Olin Corporation (NYSE:OLN) has risen 51.90% since September 17, 2016 and is uptrending. It has outperformed by 35.20% the S&P500.
The move comes after 8 months positive chart setup for the $5.37 billion company. It was reported on Sep, 17 by Barchart.com. We have $34.87 PT which if reached, will make NYSE:OLN worth $429.60 million more.

Analysts await Olin Corporation (NYSE:OLN) to report earnings on October, 30. They expect $0.43 EPS, up 30.30 % or $0.10 from last year’s $0.33 per share. OLN’s profit will be $71.51M for 18.77 P/E if the $0.43 EPS becomes a reality. After $0.01 actual EPS reported by Olin Corporation for the previous quarter, Wall Street now forecasts 4,200.00 % EPS growth.

Olin Corporation (NYSE:OLN) Ratings Coverage

Among 9 analysts covering Olin Corporation (NYSE:OLN), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Olin Corporation had 30 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Tuesday, September 8 with “Sector Perform”. On Wednesday, September 7 the stock rating was downgraded by Longbow to “Underperform”. The stock of Olin Corporation (NYSE:OLN) earned “Outperform” rating by Cowen & Co on Friday, July 29. Cowen & Co maintained it with “Buy” rating and $39.0 target in Tuesday, September 5 report. The firm has “Buy” rating by Cowen & Co given on Wednesday, June 28. Tudor Pickering initiated the stock with “Buy” rating in Friday, May 12 report. The firm has “Buy” rating given on Tuesday, August 1 by RBC Capital Markets. The firm has “Outperform” rating given on Monday, June 13 by RBC Capital Markets. The firm has “Buy” rating by RBC Capital Markets given on Tuesday, September 5. Cowen & Co maintained the stock with “Outperform” rating in Friday, February 10 report.

Another recent and important Olin Corporation (NYSE:OLN) news was published by Theadvocate.com which published an article titled: “Authorities: Contract worker for Olin Corp. in Plaquemine treated on-site …” on September 07, 2017.

Olin Corporation is a manufacturer and distributor of chemical products, and ammunition. The company has market cap of $5.37 billion. The Firm operates through three divisions: Chlor Alkali Products and Vinyls, Epoxy and Winchester. It has a 126.46 P/E ratio. The Chlor Alkali Products and Vinyls segment makes 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.

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