Olin Corporation (OLN) Analysis & Forecast for July 2020

Olin Corporation (NYSE: OLN) is -38.84% lower on its value in year-to-date trading and has touched a low of $8.76 and a high of $22.03 in the current 52-week trading range. The OLN stock was last observed hovering at around $10.55 in the recent trading session, with the current gains setting it 0.32% off its average median price target of $13.00 for the next 12 months. It is also 42.79% off the consensus price target high of $19.00 offered by 17 analysts, but current levels are 1.18% higher than the price target low of $11.00 for the same period.


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


At last check, trading at $10.87, the stock is -8.47% and -11.23% below its SMA20 and SMA50 respectively. However, with a current trading volume of 0.5 million and changing 3.03% at the moment leaves the stock -28.62% off its SMA200. OLN registered -49.25% loss for a year compared to 6-month loss of -36.79%. The firm has a 50-day simple moving average (SMA 50) of $12.32 and a 200-day simple moving average (SMA200) of $13.95.

The stock witnessed a -29.71% gain in the last 1 month and extending the period to 3 months gives it a -21.56%, and is -3.74% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.61% over the week and 5.70% over the month.

Olin Corporation (OLN) has around 6500 employees, a market worth around $1.62B and $5.98B in sales. Fwd P/E is 202.88. Profit margin for the company is -2.20%. Distance from 52-week low is 24.09% and -50.66% from its 52-week high. The company has generated returns on investments over the last 12 months (3.50%).

Olin Corporation (OLN) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Olin Corporation (OLN) is a “Hold”. 17 analysts offering their recommendations for the stock have an average rating of 2.70, where 12 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Olin Corporation is expected to release its quarterly report on 08/03/2020 and quarterly earnings per share for the current quarter are estimated at -$0.49 with sales reaching $1.28B over the same period.The EPS is expected to shrink by -103.60% this year, but quarterly earnings will post -8.50% year-over-year. Quarterly sales are estimated to shrink -19.90% in year-over-year returns.

Olin Corporation (OLN) Top Institutional Holders

386 institutions hold shares in Olin Corporation (OLN), with 3.26M shares held by insiders accounting for 2.07% while institutional investors hold 103.03% of the company’s shares. The shares outstanding are 157.80M, and float is at 154.64M with Short Float at 5.86%. Institutions hold 100.90% of the Float.

The top institutional shareholder in the company is FMR, LLC with over 20.73 million shares valued at $241.93 million. The investor’s holdings represent 13.13% of the OLN Shares outstanding. As of Mar 30, 2020, the second largest holder is Blackrock Inc. with 18.84 million shares valued at $219.9 million to account for 11.94% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 15.73 million shares representing 9.97% and valued at over $183.58 million, while Sachem Head Capital Management, LP holds 9.47% of the shares totaling 14.95 million with a market value of $174.47 million.

Olin Corporation (OLN) Insider Activity

A total of 21 insider transactions have happened at Olin Corporation (OLN) in the last six months, with sales accounting for 2 and purchases happening 19 times. The most recent transaction is an insider sale by MCINTOSH JOHN L, the company’s EVP, Synergies & Systems. SEC filings show that MCINTOSH JOHN L sold 9,000 shares of the company’s common stock on Nov 20 at a price of $16.86 per share for a total of $0.15 million. Following the sale, the insider now owns 81227.0 shares.

Olin Corporation disclosed in a document filed with the SEC on Aug 23 that Sutton Scott McDougald (Director) bought a total of 15,000 shares of the company’s common stock. The trade occurred on Aug 23 and was made at $15.66 per share for $0.23 million. Following the transaction, the insider now directly holds 45000.0 shares of the OLN stock.

Still, SEC filings show that on Aug 21, Alderman Heidi S (Director) acquired 2,000 shares at an average price of $16.69 for $33374.0. The insider now directly holds 2,000 shares of Olin Corporation (OLN).

Olin Corporation (OLN): Who are the competitors?

The company’s main competitors (and peers) include PPG Industries Inc. (PPG) that is -8.95% lower over the past 12 months. Westlake Chemical Corporation (WLK) is -25.15% down on the 1-year trading charts. Short interest in the company’s stock has fallen -3.53% from the last report on May 14, 2020 to stand at a total of 9.38 million short shares sold with a short interest ratio of 3.56.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free