Omnova Solutions Inc (NYSE:OMN) Seems to Be a Stock That Jefferies Is a Bit Wary of; Firm Downgrades Shares

May 16, 2018 - By Melody Miller

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.

447,500 were accumulated by Weber Alan W. Envestnet Asset Mgmt has 9,624 shares. Campbell And Inv Adviser Limited Liability Corp accumulated 0.21% or 29,108 shares. The United Kingdom-based Legal And General Group Inc Public Ltd Com has invested 0% in OMNOVA Solutions Inc. (NYSE:OMN). D E Shaw accumulated 190,861 shares. Wellington Grp Llp owns 4.38M shares. The New York-based Spark Mgmt Ltd Liability has invested 0.1% in OMNOVA Solutions Inc. (NYSE:OMN). 107,210 were accumulated by James Research. Great West Life Assurance Can holds 0% or 10,100 shares. Ubs Asset Management Americas has invested 0% in OMNOVA Solutions Inc. (NYSE:OMN). Lsv Asset Mgmt has invested 0% in OMNOVA Solutions Inc. (NYSE:OMN). Ameriprise Fincl Inc holds 0% of its portfolio in OMNOVA Solutions Inc. (NYSE:OMN) for 19,683 shares. 47,890 are held by State Board Of Administration Of Florida Retirement Systems. Bancorp Of America Corp De owns 11,351 shares. Tci Wealth Incorporated holds 72 shares or 0% of its portfolio.

Omnova Solutions Inc (NYSE:OMN) Receives a Downgrade

In a research report released this morning, Jefferies downgraded their rating on shares of Omnova Solutions Inc (NYSE:OMN) to a Hold.

The stock decreased 7.76% or $0.85 during the last trading session, reaching $10.1. About 348,633 shares traded or 137.68% up from the average. 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 13.29 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 $452.50 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.

Another recent and important OMNOVA Solutions Inc. (NYSE:OMN) news was published by Streetinsider.com which published an article titled: “Jefferies Downgrades OMNOVA Solutions (OMN) to Hold” on May 16, 2018.

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

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