PolyOne Corporation Common Stoc (NYSE:POL):
PolyOne Announces Third Quarter 2016 Results.
The company is trading down by -1.32 percent from yesterday’s close.
PolyOne Corporation Common Stoc also recently announced a dividend to be paid on Friday the 6th of January 2017. The dividend payment will be $0.120 per share for the quarter which is $0.48 annualized. The dividend yield will be $1.54. The ex-dividend date has been established as Wednesday the 14th of September 2016.
Shares last traded at $29.06 which is marginally under $31.94, the 50 day moving average and slightly below the 200 day moving average of $34.68. The 50 day moving average went down by -9.01% and the 200 day average went down $-5.62 or -16.21%.
The company’s P/E ratio is 18.38 and the market cap is 2.43B. As of the latest earnings report the EPS was $1.59 and is estimated to be $2.16 for the current year with 83,779,000 shares outstanding. Next quarter’s EPS is forecasted to be $0.60 with next year’s EPS anticipated to be $2.40.
A few brokerages have weighed in on POL of late. Equity analyst Goldman Sachs downgraded the stock and lowered the price target on July 28 changing the price objective from $41.00 to $38.00 and altering the rating from “Buy” to “Neutral”. On July 28 the stock rating was downgraded to “Neutral” from “Buy” and a price target of $38.00 was set by Goldman Sachs.
On April 18, 2016 the stock rating was rated “Buy” according to a Seaport Global report a boost from the previous “Neutral” rating. On April 4 KeyBanc left the company rating at “Overweight” but raised the price expectation from $34.00 to $37.00.
On February 16 the company was changed to a “Hold” by Jefferies which was a cut from the previous “Buy” rating. On February 4 the company was downgraded from “Buy” to “Neutral” in a report from Northcoast Research.