Polyone (POL) “Buy” Rating Reiterated by Robert W. Baird; The PT is $42.0; Hitchwood Capital Management LP Lowered By $94.00 Million Its Amerisourcebergen (ABC) Holding

October 12, 2017 - By Migdalia James

Hitchwood Capital Management Lp decreased Amerisourcebergen Corp (ABC) stake by 33.33% reported in 2017Q2 SEC filing. Hitchwood Capital Management Lp sold 1.00M shares as Amerisourcebergen Corp (ABC)’s stock declined 1.76%. The Hitchwood Capital Management Lp holds 2.00M shares with $189.06M value, down from 3.00 million last quarter. Amerisourcebergen Corp now has $17.99B valuation. The stock rose 0.96% or $0.77 reaching $81.09. About 325,701 shares traded. AmerisourceBergen Corp. (NYSE:ABC) has risen 18.80% since October 12, 2016 and is uptrending. It has outperformed by 2.10% the S&P500.

Among 8 analysts covering Polyone Corporation (NYSE:POL), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Polyone Corporation has $44 highest and $31 lowest target. $38.29’s average target is -6.43% below currents $40.92 stock price. Polyone Corporation had 18 analyst reports since July 28, 2015 according to SRatingsIntel. Jefferies maintained PolyOne Corporation (NYSE:POL) rating on Friday, August 4. Jefferies has “Hold” rating and $4200 target. Goldman Sachs upgraded PolyOne Corporation (NYSE:POL) on Monday, August 17 to “Buy” rating. The firm has “Neutral” rating by Longbow given on Tuesday, July 28. Seaport Global upgraded the stock to “Buy” rating in Monday, April 18 report. The stock of PolyOne Corporation (NYSE:POL) has “Hold” rating given on Thursday, June 15 by Jefferies. Jefferies maintained it with “Hold” rating and $36 target in Wednesday, October 12 report. The company was maintained on Friday, September 15 by Jefferies. Wellington Shields downgraded the stock to “Hold” rating in Thursday, February 4 report. On Monday, August 24 the stock rating was maintained by Robert W. Baird with “Buy”. The rating was maintained by Jefferies with “Hold” on Friday, June 30.

Analysts await AmerisourceBergen Corp. (NYSE:ABC) to report earnings on November, 1. They expect $1.33 earnings per share, up 2.31% or $0.03 from last year’s $1.3 per share. ABC’s profit will be $295.06 million for 15.24 P/E if the $1.33 EPS becomes a reality. After $1.43 actual earnings per share reported by AmerisourceBergen Corp. for the previous quarter, Wall Street now forecasts -6.99% negative EPS growth.

Among 17 analysts covering AmerisourceBergen (NYSE:ABC), 8 have Buy rating, 0 Sell and 9 Hold. Therefore 47% are positive. AmerisourceBergen had 49 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Overweight” rating by Morgan Stanley given on Thursday, November 10. Zacks downgraded the stock to “Buy” rating in Thursday, August 27 report. On Friday, May 6 the stock rating was maintained by RBC Capital Markets with “Outperform”. Needham maintained it with “Buy” rating and $91.0 target in Friday, September 8 report. Jefferies maintained AmerisourceBergen Corp. (NYSE:ABC) rating on Tuesday, August 29. Jefferies has “Hold” rating and $95.0 target. As per Friday, August 4, the company rating was maintained by UBS. As per Thursday, July 27, the company rating was maintained by Jefferies. The firm has “Outperform” rating given on Tuesday, January 17 by Leerink Swann. Jefferies maintained the shares of ABC in report on Wednesday, June 21 with “Hold” rating. The stock of AmerisourceBergen Corp. (NYSE:ABC) earned “Neutral” rating by Bank of America on Tuesday, June 7.

Analysts await PolyOne Corporation (NYSE:POL) to report earnings on October, 25. They expect $0.56 EPS, 0.00% or $0.00 from last year’s $0.56 per share. POL’s profit will be $45.71M for 18.27 P/E if the $0.56 EPS becomes a reality. After $0.63 actual EPS reported by PolyOne Corporation for the previous quarter, Wall Street now forecasts -11.11% negative EPS growth.

PolyOne Corporation provides specialized polymer materials, services and solutions. The company has market cap of $3.34 billion. The Company’s divisions include Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions, and PolyOne Distribution. It has a 19.49 P/E ratio. The Color, Additives and Inks segment provides custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Twitter Auto Publish Powered By : XYZScripts.com