OMNOVA Solutions (NYSE:OMN) Cut to “Sell” at ValuEngine

ValuEngine downgraded shares of OMNOVA Solutions (NYSE:OMN) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning, ValuEngine reports.

Separately, Zacks Investment Research upgraded OMNOVA Solutions from a sell rating to a hold rating in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $9.96.

Shares of OMN stock opened at $10.10 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 1.98 and a debt-to-equity ratio of 5.50. The firm has a market cap of $453.92 million, a P/E ratio of 16.03, a PEG ratio of 1.93 and a beta of 2.04. The company has a 50 day moving average of $10.10 and a 200-day moving average of $9.07. OMNOVA Solutions has a 12-month low of $5.48 and a 12-month high of $10.14.

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

A number of institutional investors have recently made changes to their positions in OMN. Strs Ohio boosted its position in OMNOVA Solutions by 7.5% during the second quarter. Strs Ohio now owns 75,500 shares of the specialty chemicals company’s stock worth $470,000 after purchasing an additional 5,300 shares during the period. SG Americas Securities LLC bought a new stake in OMNOVA Solutions during the 2nd quarter valued at $87,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in OMNOVA Solutions by 276.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,552 shares of the specialty chemicals company’s stock valued at $53,000 after acquiring an additional 6,283 shares during the period. Dupont Capital Management Corp lifted its position in shares of OMNOVA Solutions by 35.1% during the second quarter. Dupont Capital Management Corp now owns 90,903 shares of the specialty chemicals company’s stock worth $566,000 after acquiring an additional 23,601 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its position in shares of OMNOVA Solutions by 14.1% during the second quarter. Wedge Capital Management L L P NC now owns 315,722 shares of the specialty chemicals company’s stock worth $1,967,000 after acquiring an additional 39,001 shares in the last quarter. Institutional investors and hedge funds own 85.21% of the company’s stock.

OMNOVA Solutions Company Profile

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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