PolyOne Corporation (POL) Receives Price Target

PolyOne Corporation (POL) : The consensus price target for PolyOne Corporation (POL) is $40.4 for the short term with a standard deviation of $2.7. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $43, however, the pessimist price target for the company is $36.

PolyOne Corporation (POL) : 8 analysts are covering PolyOne Corporation (POL) and their average rating on the stock is 1.5, which is read as a Strong Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Equity Analysts at the Goldman Sachs downgrades the rating on PolyOne Corporation (NYSE:POL). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Buy. The Analysts at the ratings agency lowers the price target from $42 per share to $38 per share. The rating by the firm was issued on July 28, 2016.

PolyOne Corporation (NYSE:POL): The stock opened at $34.55 on Thursday but the bulls could not build on the opening and the stock topped out at $34.64 for the day. The stock traded down to $33.85 during the day, due to lack of any buying support eventually closed down at $34.34 with a loss of -0.38% for the day. The stock had closed at $34.47 on the previous day. The total traded volume was 290,527 shares.

PolyOne Corporation (PolyOne) is a provider of polymer materials, services and solutions. The Company offers specialty polymer formulations, color and additive systems, plastic sheet and packaging solutions, and polymer distribution. The Company operates in five segments: Global Color, Additives and Inks; which provides color and additive concentrates; Global Specialty Engineered Materials, which offers polymer formulations, services and solutions; Designed Structures and Solutions, which provides solutions for engineered polymer structures, rigid barrier packaging and specialty cast acrylics; Performance Products and Solutions segment, consists of the Geon Performance Materials (Geon) and Producer Services business units, and PolyOne Distribution segment distributes engineering and commodity grade resins. It offers ColorMatrix fiber colorant solutions, which provides late-stage color injection in fiber applications utilizing liquid solutions.

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