Mizuho Securities Sticks to Its Hold Rating for Olin (OLN)

Mizuho Securities analyst John Roberts CFA maintained a Hold rating on Olin today and set a price target of $24.00.

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Roberts CFA covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Linde, and Cabot. According to TipRanks, Roberts CFA has an average return of 8.0% and a 62.44% success rate on recommended stocks.

In addition to Mizuho Securities, Olin also received a Hold from TipRanks – xAI’s xAi Chemicals – Specialty in a report issued yesterday. However, on February 12, Alembic Global maintained a Buy rating on Olin (NYSE: OLN).

Based on Olin’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.67 billion and a GAAP net loss of $85.7 million. In comparison, last year the company earned a revenue of $1.67 billion and had a net profit of $10.7 million

Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OLN in relation to earlier this year. Earlier this month, Todd A. Slater, the VP & CFO of OLN sold 92,250.00 shares for a total of $2,073,780.00.