Price Action Report: Is Buying Stock Like PolyOne Corporation After Such Increase Winning Strategy?

Price Action Report: Is Buying Stock Like PolyOne Corporation After Such Increase Winning Strategy?

The stock of PolyOne Corporation (NYSE:POL) is a huge mover today! About 395,114 shares traded hands. PolyOne Corporation (NYSE:POL) has risen 15.59% since March 3, 2016 and is uptrending. It has outperformed by 7.24% the S&P500.
The move comes after 9 months positive chart setup for the $2.87B company. It was reported on Oct, 6 by Barchart.com. We have $55.46 PT which if reached, will make NYSE:POL worth $1.84 billion more.

Analysts await PolyOne Corporation (NYSE:POL) to report earnings on October, 25. They expect $0.56 EPS, up 3.70% or $0.02 from last year’s $0.54 per share. POL’s profit will be $47.52 million for 15.10 P/E if the $0.56 EPS becomes a reality. After $0.63 actual EPS reported by PolyOne Corporation for the previous quarter, Wall Street now forecasts -11.11% negative EPS growth.

PolyOne Corporation (NYSE:POL) Ratings Coverage

Out of 6 analysts covering Polyone Corporation (NYSE:POL), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. Polyone Corporation has been the topic of 11 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of PolyOne Corporation (NYSE:POL) earned “Hold” rating by Wellington Shields on Thursday, February 4. The rating was downgraded by Longbow to “Neutral” on Tuesday, July 28. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Monday, April 4 report. Robert W. Baird maintained PolyOne Corporation (NYSE:POL) on Monday, August 24 with “Buy” rating. The stock of PolyOne Corporation (NYSE:POL) earned “Buy” rating by Seaport Global on Monday, April 18. The firm earned “Buy” rating on Monday, August 17 by Goldman Sachs.

According to Zacks Investment Research, “PolyOne Corporation is an international polymer services company with operations in thermoplastic compounds, specialty resins, specialty polymer formulations, engineered films, color and additive systems, elastomer compounding and thermoplastic resin distribution. PolyOne was formed from the consolidation of the former M.A. Hanna Company and The Geon Company. Information on the Company’s products and services can be found at www.polyone.com.”

Insitutional Activity: The institutional sentiment increased to 1.33 in 2016 Q2. Its up 0.34, from 0.99 in 2016Q1. The ratio is positive, as 13 funds sold all PolyOne Corporation shares owned while 76 reduced positions. 43 funds bought stakes while 75 increased positions. They now own 74.06 million shares or 1.16% less from 74.93 million shares in 2016Q1.
American Century Cos has 0.01% invested in the company for 152,044 shares. Sei owns 96,628 shares or 0.02% of their US portfolio. Kcg, a New Jersey-based fund reported 18,152 shares. Airain Ltd last reported 0.1% of its portfolio in the stock. State Of Tennessee Treasury Department accumulated 0.01% or 33,000 shares. The New York-based Art Advsr Lc has invested 0.1% in PolyOne Corporation (NYSE:POL). Amp Investors Ltd last reported 8,500 shares in the company. Public Employees Retirement Association Of Colorado last reported 0.16% of its portfolio in the stock. Td Asset Inc accumulated 0% or 13,500 shares. First Trust L P reported 37,005 shares or 0% of all its holdings. Proshare Advsrs Limited Liability Corporation has 24,238 shares for 0.01% of their US portfolio. Qs Investors Limited Liability last reported 0% of its portfolio in the stock. Hl Financial Ser Llc has invested 0.01% of its portfolio in PolyOne Corporation (NYSE:POL). Ahl Prns Llp last reported 0.11% of its portfolio in the stock. Clarivest Asset Mngmt Limited holds 36,273 shares or 0.04% of its portfolio.

Insider Transactions: Since May 24, 2016, the stock had 0 insider purchases, and 1 sale for $215,817 net activity. 5,881 PolyOne Corporation (NYSE:POL) shares with value of $215,817 were sold by Powell William Howard.

More important recent PolyOne Corporation (NYSE:POL) news were published by: Prnewswire.com which released: “PolyOne Appoints James N. Sloan, Vice President, Treasurer” on August 29, 2016, also Prnewswire.com published article titled: “PolyOne Announces Second Quarter 2016 Results”, Prnewswire.com published: “PolyOne Announces Record Fourth Quarter and Full Year 2015 Results” on February 03, 2016. More interesting news about PolyOne Corporation (NYSE:POL) was released by: Crainscleveland.com and their article: “Robert Patterson takes over as PolyOne Corp. chairman” with publication date: May 13, 2016.

POL Company Profile

PolyOne Corporation (PolyOne), incorporated on August 31, 2000, is a well-known provider of polymer materials, services and solutions. The Firm offers specialty polymer formulations, color and additive systems, plastic sheet and packaging solutions, and polymer distribution. The Firm operates in five divisions: Color, Additives and Inks, Specialty Engineered Materials, Designed Structures and Solutions, Performance Products and Solutions, and PolyOne Distribution. The Firm is also a developer and maker of performance enhancing additives, liquid colorants, and fluoropolymers and silicone colorants. It has approximately 80 manufacturing sites and over eight distribution facilities in North America, South America, Europe, Asia and Africa. The Firm offers over 35,000 polymer solutions to approximately 10,000 clients across the globe.

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