PolyOne Corporation Common Stoc (NYSE:POL):
PolyOne Launches New Specialty Technologies at K 2016 Trade Show.
The company is now down by -1.32 percent from yesterday’s close.
The company also recently declared a dividend to be paid on Friday the 6th of January 2017. The dividend payment will be $0.120 per share for the quarter or $0.48 on an annualized basis. This dividend represents a yield of $1.54. The ex-dividend date will be on Wednesday September 14th, 2016.
Shares are trading at $29.06 which is just a bit below $31.94, the 50 day moving average and a bit lower than the 200 day moving average of $34.68. The 50 day moving average was down $-2.88 and the 200 day average went down $-5.62 or -16.21%.
The most current P/E ratio is 18.38 and the market cap of the company is 2.43B. As of the latest earnings report the EPS was $1.59 and is expected to be $2.16 for the current year with 83,779,000 shares outstanding. Next quarter’s EPS is forecasted at $0.60 and the next full year EPS is projected to be $2.40.
Wall Street analysts have provided guidance on POL of late. Equity analyst Goldman Sachs downgraded the stock and lowered the price target on July 28 cutting the price target from $41.00 to $38.00 and changing the rating from “Buy” to “Neutral”. On July 28 the stock rating was downgraded from “Buy” to “Neutral” and a price target of $38.00 was set by Goldman Sachs.
On April 18 the company was changed to a “Buy” according to a Seaport Global report up from the previous “Neutral” rating. On April 4 KeyBanc kept the stock rating at “Overweight” and moved up the price target to $37.00 from $34.00.
On February 16 the company was downgraded to “Hold” from “Buy” in a report issued by Jefferies. On February 4, 2016 the stock rating was set at “Neutral” by Northcoast Research which was a cut from the previous “Buy” rating.