Is Omnova Solutions (NYSE:OMN) In Trouble? Jefferies Issues Downgrade.

May 16, 2018 - By Marie Mckinney

OMNOVA Solutions Inc. (NYSE:OMN) Logo

Investors sentiment decreased to 1.04 in 2017 Q4. Its down 0.07, from 1.11 in 2017Q3. It dropped, as 5 investors sold OMNOVA Solutions Inc. shares while 45 reduced holdings. 17 funds opened positions while 35 raised stakes. 38.67 million shares or 0.16% more from 38.61 million shares in 2017Q3 were reported.

Highbridge Cap Ltd Liability, a New York-based fund reported 14,773 shares. New York State Common Retirement Fund holds 0% in OMNOVA Solutions Inc. (NYSE:OMN) or 42,900 shares. Swiss Financial Bank reported 74,200 shares. Teton Advisors has 0.25% invested in OMNOVA Solutions Inc. (NYSE:OMN) for 268,000 shares. Moreover, Clarivest Asset Management Lc has 0.05% invested in OMNOVA Solutions Inc. (NYSE:OMN) for 301,466 shares. Ser Automobile Association owns 86,132 shares. 1.10M were reported by Winslow Asset Mngmt. Perritt Cap invested in 455,498 shares. James Invest holds 0.04% or 107,210 shares. Citigroup holds 24,278 shares or 0% of its portfolio. California Pub Employees Retirement invested in 205,977 shares or 0% of the stock. Goldman Sachs Gru Inc, New York-based fund reported 93,948 shares. Robotti Robert, New York-based fund reported 1.03M shares. Citadel Advsrs Ltd Com owns 20,632 shares. Gsa Capital Prtnrs Llp has invested 0.06% in OMNOVA Solutions Inc. (NYSE:OMN).

Omnova Solutions (NYSE:OMN) Receives a Downgrade

Shares of New York-listed Omnova Solutions (NYSE:OMN) Have been downgraded by equity analysts at Jefferies. Jefferies downgraded their rating for the $459.22M market cap company to a “Hold” from their previous “Buy” rating.

The stock decreased 6.39% or $0.7 during the last trading session, reaching $10.25. About 94,851 shares traded. OMNOVA Solutions Inc. (NYSE:OMN) has risen 16.76% since May 16, 2017 and is uptrending. It has outperformed by 5.21% the S&P500.

Analysts await OMNOVA Solutions Inc. (NYSE:OMN) to report earnings on June, 27. They expect $0.19 EPS, up 18.75 % or $0.03 from last year’s $0.16 per share. OMN’s profit will be $8.51M for 13.49 P/E if the $0.19 EPS becomes a reality. After $0.09 actual EPS reported by OMNOVA Solutions Inc. for the previous quarter, Wall Street now forecasts 111.11 % EPS growth.

OMNOVA Solutions Inc. provides emulsion polymers, specialty chemicals, and engineered surfaces for various commercial, industrial, and residential end uses in the United States, Europe, and Asia. The company has market cap of $459.22 million. The firm operates in two divisions, Performance Chemicals and Engineered Surfaces. It currently has negative earnings. The Performance Chemicals segment produces a range of latices, hollow plastic pigments, resins, binders, adhesives, specialty rubbers, antioxidants, and elastomeric modifiers, which are used in gas and oil drilling and production, specialty coatings, paper and packaging, carpet, nonwovens, construction, adhesives, tape, tires, floor care, textiles, graphic arts, polymer stabilization, industrial rubbers and thermoplastics, synthetic gloves, and various other specialty applications.

More news for OMNOVA Solutions Inc. (NYSE:OMN) were recently published by: Globenewswire.com, which released: “Recent Analysis Shows First Cash, ADTRAN, OMNOVA Solutions, Athersys, Oppenheimer, and Conn’s Market …” on April 25, 2018. Streetinsider.com‘s article titled: “Jefferies Downgrades OMNOVA Solutions (OMN) to Hold” and published on May 16, 2018 is yet another important article.

OMNOVA Solutions Inc. (NYSE:OMN) Institutional Positions Chart

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