ValuEngine Lowers OMNOVA Solutions (NYSE:OMN) to Sell

ValuEngine cut shares of OMNOVA Solutions (NYSE:OMN) from a hold rating to a sell rating in a report released on Tuesday, ValuEngine reports.

Separately, Zacks Investment Research raised shares of OMNOVA Solutions from a sell rating to a hold rating in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The company has an average rating of Hold and an average target price of $9.96.

NYSE OMN remained flat at $$10.11 on Tuesday. The company’s stock had a trading volume of 250,084 shares, compared to its average volume of 348,444. The company has a debt-to-equity ratio of 5.50, a current ratio of 1.98 and a quick ratio of 1.33. The company has a fifty day moving average price of $10.10 and a 200-day moving average price of $9.12. OMNOVA Solutions has a 12-month low of $5.48 and a 12-month high of $10.14. The stock has a market capitalization of $453.02 million, a P/E ratio of 16.05, a P/E/G ratio of 1.93 and a beta of 2.04.

OMNOVA Solutions (NYSE:OMN) last posted its quarterly earnings results on Thursday, September 26th. The specialty chemicals company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $192.40 million for the quarter. OMNOVA Solutions had a return on equity of 18.20% and a net margin of 1.08%. Research analysts expect that OMNOVA Solutions will post 0.52 earnings per share for the current year.

Several large investors have recently made changes to their positions in OMN. Metropolitan Life Insurance Co NY raised its stake in OMNOVA Solutions by 16.3% during the third quarter. Metropolitan Life Insurance Co NY now owns 14,993 shares of the specialty chemicals company’s stock worth $151,000 after acquiring an additional 2,102 shares during the period. K2 Principal Fund L.P. acquired a new stake in shares of OMNOVA Solutions during the 3rd quarter worth approximately $2,342,000. Barclays PLC lifted its holdings in shares of OMNOVA Solutions by 271.1% in the 3rd quarter. Barclays PLC now owns 197,487 shares of the specialty chemicals company’s stock worth $1,989,000 after purchasing an additional 144,264 shares during the last quarter. Mint Tower Capital Management B.V. bought a new stake in shares of OMNOVA Solutions in the 3rd quarter worth approximately $692,000. Finally, State Street Corp boosted its position in OMNOVA Solutions by 0.3% during the 3rd quarter. State Street Corp now owns 894,959 shares of the specialty chemicals company’s stock valued at $9,012,000 after purchasing an additional 2,681 shares during the period. 85.21% of the stock is owned by institutional investors and hedge funds.

About OMNOVA Solutions

OMNOVA Solutions Inc provides specialty solutions and performance materials for various commercial, industrial, and residential end uses in the United States, Europe, and Asia. Its Specialty Solutions segment designs, develops, produces, and markets specialty products for use in various applications, such as architectural and industrial coatings; nonwovens used in hygiene products, filtration, and construction; drilling additives for oil and gas drilling, cementing, and fracking; elastomeric modification of plastic casings and hoses used in household, industrial products, and automobiles; tapes and adhesives; sports surfaces; textile finishes; commercial building refurbishment; new construction; residential cabinets; flooring; ceiling tiles; furnishings; manufactured housing; health care patient; common area furniture; and various industrial films applications.

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