Favorable News Coverage Likely to Impact PolyOne (POL) Share Price

Favorable News Coverage Likely to Impact PolyOne (POL) Share Price

These are some of the news articles that may have effected Alpha One’s scoring:

News coverage about PolyOne (NYSE:POL) has trended positive recently, according to Alpha One Sentiment. The research group, a unit of Accern, identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PolyOne earned a daily sentiment score of 0.33 on Alpha One’s scale. Alpha One also assigned news articles about the specialty chemicals company an impact score of 75 out of 100, meaning that recent news coverage is likely to have an impact on the company’s share price in the next several days.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of PolyOne from a “sell” rating to a “hold” rating in a research note on Thursday, February 2nd. Jefferies Group LLC upgraded shares of PolyOne to a “hold” rating and set a $38.00 price objective on the stock in a research note on Thursday, March 2nd. Finally, TheStreet upgraded shares of PolyOne from a “c+” rating to a “b-” rating in a research note on Monday, April 24th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $38.75.

PolyOne (NYSE POL) traded down 0.64% during midday trading on Wednesday, reaching $37.34. 497,895 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $37.35 and a 200 day moving average price of $34.41. PolyOne has a 12 month low of $28.77 and a 12 month high of $40.88. The company has a market cap of $3.05 billion, a P/E ratio of 18.14 and a beta of 1.60.

PolyOne (NYSE:POL) last posted its quarterly earnings results on Thursday, April 27th. The specialty chemicals company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. PolyOne had a return on equity of 24.77% and a net margin of 4.95%. The business had revenue of $899 million for the quarter, compared to analysts’ expectations of $860.52 million. During the same quarter in the prior year, the business earned $0.56 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities analysts anticipate that PolyOne will post $2.31 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 7th. Investors of record on Friday, June 16th will be paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Wednesday, June 14th. PolyOne’s dividend payout ratio (DPR) is presently 27.69%.

About PolyOne

PolyOne Corporation (PolyOne) provides specialized polymer materials, services and solutions. Its segments include Color, Additives and Inks; Specialty Engineered Materials; Designed Structures and Solutions; Performance Products and Solutions, and PolyOne Distribution. The Color, Additives and Inks segment provides custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “POL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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