Alembic Global analyst Hassan Ahmed reiterated a Buy rating on Olin (NYSE:OLN) on Monday, setting a price target of $65, which is approximately 39.31% above the present share price of $46.66.
Ahmed expects Olin to post earnings per share (EPS) of $1.54 for the second quarter of 2021.
The current consensus among 12 TipRanks analysts is for a Strong Buy rating of shares in Olin, with an average price target of $59.
The analysts price targets range from a high of $69 to a low of $46.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $1.92 billion and a net profit of $388.1 million. The company's market cap is $7.44 billion.
According to TipRanks.com, Alembic Global analyst Hassan Ahmed is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 12.6% and a 51.43% success rate.
Olin Corp . engages in manufacturing of chemicals products. It operates through the following segments: Chlor Alkali Products and Vinyls, Epoxy, and Winchester. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products and potassium hydroxide. . The Epoxy segment produces and sells epoxy materials, which includes allyl chloride, epichlorohydrin, liquid epoxy resins and downstream products such as converted epoxy resins and additives. The Winchester segment produces and sells sporting ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges. The company was founded by Franklin W. Olin in 1892 and is headquartered in Clayton, MO.