A Schulman (NASDAQ:SHLM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The firm currently has a $49.00 price target on the basic materials company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 13.56% from the stock’s previous close.
According to Zacks, “A. Schulman is a leading international supplier of high-performance plastic compounds, composites and resins, which are used in a variety of markets. The company’s principal product lines consist of proprietary and custom-formulated engineered plastic compounds, engineered composites, color concentrates and additives that improve the appearance, performance or ability to process plastics in a number of specialized applications. “
Several other equities research analysts have also recently commented on the stock. BidaskClub raised shares of A Schulman from a “hold” rating to a “buy” rating in a research report on Saturday, February 17th. Gabelli cut shares of A Schulman from a “buy” rating to a “hold” rating in a research report on Friday, February 16th. Longbow Research cut shares of A Schulman from a “buy” rating to a “neutral” rating in a research report on Friday, February 16th. ValuEngine raised shares of A Schulman from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. Finally, TheStreet raised shares of A Schulman from a “c+” rating to a “b-” rating in a research report on Tuesday, January 9th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $41.00.
A Schulman (NASDAQ:SHLM) last posted its quarterly earnings data on Monday, January 8th. The basic materials company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.44 by $0.11. The business had revenue of $674.60 million for the quarter, compared to analysts’ expectations of $639.10 million. A Schulman had a net margin of 1.78% and a return on equity of 28.45%. The firm’s revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 EPS. equities analysts predict that A Schulman will post 2.2 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of SHLM. SG Americas Securities LLC bought a new stake in A Schulman during the 3rd quarter worth about $111,000. Advisor Group Inc. lifted its position in A Schulman by 79.5% during the 4th quarter. Advisor Group Inc. now owns 3,262 shares of the basic materials company’s stock worth $121,000 after buying an additional 1,445 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in A Schulman during the 3rd quarter worth about $202,000. Paragon Capital Management Ltd bought a new stake in A Schulman during the 4th quarter worth about $206,000. Finally, Koch Industries Inc. bought a new stake in A Schulman during the 4th quarter worth about $232,000. 87.87% of the stock is currently owned by hedge funds and other institutional investors.
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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