Olin Corporation (OLN) : Analyst Rating Update

Olin Corporation (OLN) : The consensus on Olin Corporation (OLN) based on 5 analyst recommendation on the company stock is 1.6, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Olin Corporation (OLN) has been rated by 4 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $31 and the lowest price target forecast is $20. The average forecast of all the analysts is $26.25 and the expected standard deviation is $4.65.

Olin Corporation (NYSE:OLN): The stock opened at $23.96 on Wednesday but the bulls could not build on the opening and the stock topped out at $24.04 for the day. The stock traded down to $23.52 during the day, due to lack of any buying support eventually closed down at $24.01 with a loss of -1.19% for the day. The stock had closed at $24.30 on the previous day. The total traded volume was 2,054,745 shares.

Also, Equity Analysts at the Cowen & Company upgrades the rating on Olin Corporation (NYSE:OLN). The brokerage firm has issued a Outperform rating on the shares. The shares were previously rated Market Perform. The rating by the firm was issued on June 28, 2016. The company shares have dropped -3.46% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $30.75 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $23.19 and the 200 Day Moving Average price is recorded at $18.65.

Olin Corporation is a manufacturing company. The Company operates in three segments: Chlor Alkali Products, Chemical Distribution and Winchester. Chlor Alkali Products manufactures and sells chlorine and caustic soda, hydrochloric acid, hydrogen, bleach products and potassium hydroxide. Chemical Distribution manufactures bleach products and distributes caustic soda, bleach products, potassium hydroxide and hydrochloric acid. Winchester products segments include sporting ammunition, reloading components, small caliber military ammunition and components and industrial cartridges. The Companys subsidiary, Olin Canada ULC, operates one chlor alkali facility in Becancour, Canada, which sells chlor alkali-related products within Canada and to the United States and also sells and distributes ammunition within Canada. Its subsidiary, Winchester Australia Limited, loads and packs sporting and industrial ammunition in Australia.

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