Olin Corp. shares on the rise as target price is raised to $55

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Olin Corp ($NYSE:OLN). is a chemical manufacturing company with operations in the United States, Canada, Mexico, Chile, and Argentina. The company produces chlorine, caustic soda, bleach, and hydrochloric acid. Olin also manufactures and sells vinyls, epoxies, and polymers. Olin’s shares have been on the rise recently as the target price for the stock was raised to $55. This is due to the company’s strong financial performance in recent quarters.

Olin has been able to grow its earnings and cash flow, while also reducing its debt levels. The company’s strong financial performance is expected to continue in the future, which is why the target price for Olin’s shares was raised. Investors are confident in the company’s ability to generate shareholder value over the long term.

Stock Price

So far, news has been mostly positive. On Tuesday, OLIN CORP stock opened at $53.9 and closed at $54.4, up by 2.8% from prior closing price of 53.0. This is good news for shareholders as the company’s stock continues to perform well.

VI Analysis

VI app’s star chart for OLIN CORP classifies the company as a ‘gorilla’, a type of company that achieved stable and high revenue or earning growth due to its strong competitive advantage. Gorillas typically have strong fundamentals, and OLIN CORP is no exception. The company has a high health score of 8/10 with regard to its cashflows and debt, indicating that it is financially stable and capable of weathering any economic downturn or crisis.

Furthermore, OLIN CORP is strong in dividend, growth, and medium in asset, profitability. This makes it an attractive investment for those seeking stability and long-term growth potential.

VI Peers

Olin Corp is a leading manufacturer of chlor alkali products, vinyls, and epoxy, with a significant presence in the global market. The company has a long history of competition with other manufacturers, including Aarti Industries Ltd, Stepan Co, and Kaneka Corp.

– Aarti Industries Ltd ($BSE:524208)

Aarti Industries Ltd is an Indian company that manufactures and sells chemicals. It has a market cap of 285.93B as of 2022 and a ROE of 17.74%. The company was founded in 1972 and is based in Mumbai, India.

– Stepan Co ($NYSE:SCL)

Stepan Co. has a market capitalization of $2.11 billion as of March 2022 and a return on equity of 11.75%. The company produces and sells specialty and intermediate chemicals used in a variety of applications, including surfactants, polymers, and other performance chemicals. Stepan’s products are sold to customers in more than 90 countries around the world.

– Kaneka Corp ($TSE:4118)

Kaneka Corporation is a Japanese chemical company with a market capitalization of 245.56 billion as of 2022. The company has a return on equity of 6.58%. Kaneka Corporation is involved in the manufacture of chemicals, plastics, and pharmaceuticals. The company was founded in 1934 and is headquartered in Osaka, Japan.

Summary

If you’re looking for a stock that could potentially offer some upside, you may want to consider investing in Olin Corp. . The company’s shares have been on the rise recently after a target price was raised to $55. While there hasn’t been a whole lot of news surrounding the company lately, the majority of what has been released has been positive. Investing in Olin Corp. could prove to be a smart move, especially if the company can continue to post strong financial results. For instance, in its most recent quarter, Olin Corp. reported earnings that were better than expected. Additionally, the company’s sales came in above estimates. Of course, no stock is without risk. One potential risk for Olin Corp. is that the demand for its products could decline.

However, this doesn’t seem to be too much of a concern right now, as the company’s products are in high demand. Overall, Olin Corp. looks like a solid investment at this time. The company is doing well financially and doesn’t seem to be facing any major headwinds. If you’re looking for a stock with upside potential, Olin Corp. could be worth considering.