Somewhat Favorable News Coverage Likely to Affect OMNOVA Solutions (OMN) Stock Price

Media stories about OMNOVA Solutions (NYSE:OMN) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. OMNOVA Solutions earned a news impact score of 0.07 on Accern’s scale. Accern also assigned press coverage about the specialty chemicals company an impact score of 80 out of 100, indicating that recent media coverage is likely to have an effect on the company’s share price in the next several days.

These are some of the media headlines that may have impacted Accern Sentiment’s rankings:

Insider Buying and Selling by Quarter for OMNOVA Solutions (NYSE:OMN)

Shares of OMNOVA Solutions (NYSE OMN) traded down 3.39% during trading on Tuesday, hitting $8.55. The stock had a trading volume of 138,460 shares. OMNOVA Solutions has a 12 month low of $5.90 and a 12 month high of $10.42. The stock has a 50 day moving average of $8.87 and a 200 day moving average of $9.25. The company has a market cap of $384.19 million, a PE ratio of 87.24 and a beta of 2.11.

OMNOVA Solutions (NYSE:OMN) last released its quarterly earnings results on Wednesday, March 29th. The specialty chemicals company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. The business had revenue of $174.60 million during the quarter, compared to analysts’ expectations of $169.70 million. OMNOVA Solutions had a return on equity of 19.84% and a net margin of 0.55%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.04 EPS. Equities analysts forecast that OMNOVA Solutions will post $0.58 EPS for the current fiscal year.

Several brokerages have recently commented on OMN. Jefferies Group LLC reiterated a “buy” rating and set a $12.00 price objective on shares of OMNOVA Solutions in a research report on Friday. Sidoti began coverage on OMNOVA Solutions in a research report on Tuesday, June 13th. They set a “buy” rating and a $12.00 price objective on the stock. ValuEngine upgraded OMNOVA Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. Finally, Zacks Investment Research lowered OMNOVA Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $11.33.

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In other OMNOVA Solutions news, Director Janet Plaut Giesselman sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 20th. The stock was sold at an average price of $9.10, for a total transaction of $54,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP James C. Lemay sold 34,239 shares of the firm’s stock in a transaction that occurred on Wednesday, April 5th. The shares were sold at an average price of $9.35, for a total value of $320,134.65. Following the transaction, the senior vice president now owns 126,833 shares of the company’s stock, valued at approximately $1,185,888.55. The disclosure for this sale can be found here. Company insiders own 4.82% of the company’s stock.

About OMNOVA Solutions

OMNOVA Solutions Inc is a provider of emulsion polymers, specialty chemicals and engineered surfaces for commercial, industrial and residential end uses. The Company’s segments include Performance Chemicals and Engineered Surfaces. The Performance Chemicals segment produces a range of emulsion polymers and specialty chemicals based on styrene butadiene, styrene butadiene acrylonitrile, styrene butadiene vinyl pyridine, nitrile butadiene, polyvinyl acetate, acrylic, styrene acrylic, vinyl acrylic, glyoxal, fluorochemical and bio-based TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “OMN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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