Olin Corp. [OLN] stock is trading at $55.42, down -0.63%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The OLN shares have gain 6.11% over the last week, with a monthly amount glided 7.93%, and seem to be holding up well over a long-time horizon.
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On 19, February 2024, Olin Announces New CEO. In a post published today on Yahoo Finance, Olin Corporation (NYSE: OLN) today announced the Board of Directors has appointed Kenneth Lane as President and Chief Executive Officer and Director of Olin Corporation effective March 18, 2024. Scott Sutton will step down as President, Chief Executive Officer and Director effective the same day and will work with Mr. Lane to facilitate a smooth transition of leadership responsibilities.
From an analyst’s perspective:
Olin Corp. [NYSE: OLN] stock has seen the most recent analyst activity on December 07, 2023, when Deutsche Bank initiated its Hold rating and assigned the stock a price target of $52. Previously, Citigroup started tracking the stock with Buy rating on November 13, 2023, and set its price target to $50. On October 30, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $48 on the stock. Barclays downgraded its rating to a Equal Weight and decreased its price target to $52 on October 11, 2023. Wells Fargo downgraded its rating to a Equal Weight and reduced its price target to $50 on September 26, 2023. Goldman downgraded its rating to Neutral for this stock on September 06, 2023, and downed its price target to $57. In a note dated September 05, 2023, KeyBanc Capital Markets upgraded an Overweight rating on this stock but restated the target price of $67.
Olin Corp. [OLN] stock has fluctuated between $41.71 and $60.17 over the past year. Currently, Wall Street analysts expect the stock to reach $67.5 within the next 12 months. Olin Corp. [NYSE: OLN] shares were valued at $55.42 at the most recent close of the market. An investor can expect a potential return of 21.8% based on the average OLN price forecast.
Analyzing the OLN fundamentals
Olin Corp. [NYSE:OLN] reported sales of 6.83B for the trailing twelve months, which represents a drop of -18.33%. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.19 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.23.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 55.05 points at the first support level, and at 54.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 56.04, and for the 2nd resistance point, it is at 56.67.
Olin Corp. [OLN] reported earnings per share of $0.23 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.19/share, meaning a difference of $0.04 and a surprise factor of 21.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.91 per share as compared to estimates of $0.74 per share, a difference of $0.17 representing a surprise of 23.00%.
Ratios To Look Out For
For context, Olin Corp.’s Current Ratio is 1.29. In addition, the Quick Ratio stands at 0.73 and the Cash Ratio stands at 0.11. Considering the valuation of this stock, the price to sales ratio is 0.97, the price to book ratio is 2.98 and price to earnings (TTM) ratio is 15.67.
Transactions by insiders
Recent insider trading involved Sutton Scott McDougald, President & CEO, that happened on Feb 27 when 48896.0 shares were sold. VP & Pres, Winchester, FLAUGHER BRETT A completed a deal on Feb 27 to sell 10000.0 shares. Meanwhile, President & CEO Sutton Scott McDougald sold 16924.0 shares on Feb 26.
