Citi Reaffirms Their Hold Rating on Olin (OLN)
In a report released yesterday, Patrick Cunningham from Citi maintained a Hold rating on Olin, with a price target of $26.00. The company’s shares closed yesterday at $23.77.
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According to TipRanks, Cunningham is a 3-star analyst with an average return of 3.8% and a 53.41% success rate. Cunningham covers the Basic Materials sector, focusing on stocks such as Celanese, Eastman Chemical, and International Flavors & Fragrances.
Currently, the analyst consensus on Olin is a Hold with an average price target of $23.54, a -0.97% downside from current levels. In a report released on February 21, TipRanks – OpenAI also reiterated a Hold rating on the stock with a $24.50 price target.
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 29 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. Last month, Deon Carter, the VP & President CAPV of OLN sold 6,500.00 shares for a total of $154,180.00.
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