Olin (OLN) Gets a Hold Rating from Morgan Stanley

Morgan Stanley analyst Neel Kumar maintained a Hold rating on Olin (OLNResearch Report) today and set a price target of $11.00. The company’s shares closed last Monday at $11.66.

According to TipRanks.com, Kumar is a 2-star analyst with an average return of -5.8% and a 20.0% success rate. Kumar covers the Consumer Goods sector, focusing on stocks such as Berry Global Group, Westlake Chemical, and Element Solutions.

Currently, the analyst consensus on Olin is a Hold with an average price target of $16.13, representing a 40.9% upside. In a report issued on March 25, KeyBanc also initiated coverage with a Hold rating on the stock.

See today’s analyst top recommended stocks >>

Based on Olin’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.39 billion and GAAP net loss of $77.2 million. In comparison, last year the company earned revenue of $1.64 billion and had a net profit of $53.3 million.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OLN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Olin Corp. engages in manufacturing of chemicals products. It operates through the following segments: Chlor Alkali Products and Vinyls, Epoxy, and Winchester. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products and potassium hydroxide. . The Epoxy segment produces and sells epoxy materials, which includes allyl chloride, epichlorohydrin, liquid epoxy resins and downstream products such as converted epoxy resins and additives. The Winchester segment produces and sells sporting ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges. The company was founded by Franklin W. Olin in 1892 and is headquartered in Clayton, MO.