Omnova Solutions Inc Gets a Buy Rating from Jefferies

By Ryan Adsit

In a report released yesterday, Laurence Alexander from Jefferies reiterated a Buy rating on Omnova Solutions Inc (NYSE: OMN), with a price target of $12. The company’s shares closed yesterday at $8.90.

According to, Alexander is a 5-star analyst with an average return of 10.3% and a 63.6% success rate. Alexander covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Commercial Metals Company, and Sherwin-Williams Company.

Omnova Solutions Inc has an analyst consensus of Moderate Buy, with a price target consensus of $12.

Omnova Solutions Inc’s market cap is currently $399.9M and has a P/E ratio of 93.49. The company has a book value ratio of 3.4446.

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OMNOVA Solutions, Inc. is a technology-based company, which provides emulsion polymers, specialty chemicals and engineered surfaces for various commercial, industrial and residential end uses. It operates its business through the Performance Chemicals and Engineered Surfaces segments. The Performance Chemicals segment produces a broad range of emulsion polymers and specialty chemicals based primarily on styrene butadiene, styrene butadiene acrylonitrile, styrene butadiene vinyl pyridine, nitrile butadiene, polyvinyl acetate, acrylic, styrene acrylic, vinyl acrylic, glyoxal, phenolic and diphenylamine antioxidants, hollow plastic pigment, fluorochemicals, and bio-based chemistries. The Engineered Surfaces segment develops designs, produces and markets a broad line of functional and decorative surfacing products, including coated fabrics, vinyl, paper and specialty laminates, and performance films. The company was founded on October 1, 1999 and is headquartered in Beachwood, OH.