Olin Corp Gets a Buy Rating from RBC Capital

By Jason Carr

In a report released today, Arun Viswanathan from RBC Capital reiterated a Buy rating on Olin Corp (NYSE: OLN), with a price target of $37. The company’s shares closed yesterday at $30.39.

According to TipRanks.com, Viswanathan is a 5-star analyst with an average return of 12.0% and a 62.2% success rate. Viswanathan covers the Consumer Goods sector, focusing on stocks such as Sherwin-Williams Company, Westlake Chemical Corp, and Axalta Coating Systems.

Currently, the analyst consensus on Olin Corp is Strong Buy and the average price target is $39.63, representing a 30.4% upside.

In a report issued on April 10, Citigroup also maintained a Buy rating on the stock with a $38 price target.

Olin Corp’s market cap is currently $5.08B and has a P/E ratio of 9.38. The company has a book value ratio of 1.8441.

Based on the recent corporate insider activity of 38 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.