A. Schulman, Inc. (SHLM) Rating Reiterated by SunTrust Banks, Inc.
A. Schulman, Inc. (NASDAQ:SHLM)‘s stock had its “hold” rating restated by analysts at SunTrust Banks, Inc. in a research report issued to clients and investors on Friday.
Several other research analysts have also recently weighed in on SHLM. Zacks Investment Research upgraded shares of A. Schulman from a “sell” rating to a “strong-buy” rating and set a $41.00 price target on the stock in a report on Saturday, October 21st. ValuEngine lowered shares of A. Schulman from a “buy” rating to a “hold” rating in a research report on Monday, August 28th. BidaskClub raised shares of A. Schulman from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, Longbow Research raised shares of A. Schulman from a “neutral” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Friday, August 25th. Six investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $37.00.
Shares of A. Schulman (NASDAQ:SHLM) remained flat at $36.90 during trading on Friday. 249,587 shares of the company’s stock traded hands. The stock’s market capitalization is $1.09 billion. The firm’s 50-day moving average is $34.76 and its 200-day moving average is $30.75. A. Schulman has a 12 month low of $25.00 and a 12 month high of $39.85.
A. Schulman (NASDAQ:SHLM) last posted its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.07. The business had revenue of $646.65 million during the quarter, compared to analysts’ expectations of $624.91 million. A. Schulman had a net margin of 1.35% and a return on equity of 31.20%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the company posted $0.47 earnings per share. On average, analysts expect that A. Schulman will post $2.14 earnings per share for the current year.
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A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in A. Schulman by 45,121.7% in the 1st quarter. BlackRock Inc. now owns 3,588,792 shares of the basic materials company’s stock worth $112,868,000 after buying an additional 3,580,856 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of A. Schulman by 8.7% in the 2nd quarter. Vanguard Group Inc. now owns 2,885,838 shares of the basic materials company’s stock valued at $92,346,000 after purchasing an additional 231,248 shares in the last quarter. Deprince Race & Zollo Inc. boosted its stake in shares of A. Schulman by 16.7% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,124,746 shares of the basic materials company’s stock valued at $35,992,000 after purchasing an additional 160,832 shares in the last quarter. Northern Trust Corp boosted its stake in shares of A. Schulman by 3.8% in the 2nd quarter. Northern Trust Corp now owns 889,569 shares of the basic materials company’s stock valued at $28,467,000 after purchasing an additional 32,566 shares in the last quarter. Finally, LSV Asset Management boosted its stake in shares of A. Schulman by 11.7% in the 2nd quarter. LSV Asset Management now owns 739,006 shares of the basic materials company’s stock valued at $23,648,000 after purchasing an additional 77,691 shares in the last quarter. 84.23% of the stock is owned by institutional investors and hedge funds.
A. Schulman Company Profile
A. Schulman, Inc is an international supplier of plastic formulations, resins and services, and provides solutions to its customers’ requirements through custom-formulated products. The Company’s customers span a range of markets, such as packaging, mobility, building and construction, electronics and electrical, agriculture, personal care and hygiene, custom services, and sports, home and leisure.
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