SunTrust Banks, Inc. Reaffirms Hold Rating for A. Schulman, Inc. (SHLM)

A. Schulman, Inc. (NASDAQ:SHLM)‘s stock had its “hold” rating reiterated by equities research analysts at SunTrust Banks, Inc. in a research report issued to clients and investors on Friday.

A number of other research analysts have also recently commented on the company. Zacks Investment Research raised A. Schulman from a “sell” rating to a “strong-buy” rating and set a $41.00 price target on the stock in a research report on Saturday, October 21st. ValuEngine cut A. Schulman from a “buy” rating to a “hold” rating in a research report on Monday, August 28th. BidaskClub raised A. Schulman from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, Longbow Research raised 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 research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $37.00.

A. Schulman (SHLM) traded down 0.41% on Friday, reaching $36.75. The company’s stock had a trading volume of 53,047 shares. The firm’s market cap is $1.08 billion. The firm has a 50 day moving average of $34.44 and a 200 day moving average of $30.65. A. Schulman has a 12 month low of $25.00 and a 12 month high of $39.85.

A. Schulman (NASDAQ:SHLM) last issued its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.07. A. Schulman had a positive return on equity of 35.64% and a negative net margin of 14.86%. The firm had revenue of $646.65 million for the quarter, compared to analysts’ expectations of $624.91 million. During the same quarter in the prior year, the firm earned $0.47 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. Analysts anticipate that A. Schulman will post $1.67 earnings per share for the current year.

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Large investors have recently added to or reduced their stakes in the stock. US Bancorp DE increased its stake in A. Schulman by 23.4% in the 2nd quarter. US Bancorp DE now owns 3,486 shares of the basic materials company’s stock worth $111,000 after acquiring an additional 661 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in A. Schulman by 1.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,854 shares of the basic materials company’s stock worth $156,000 after acquiring an additional 50 shares during the last quarter. State of Alaska Department of Revenue increased its stake in A. Schulman by 78.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,807 shares of the basic materials company’s stock worth $185,000 after acquiring an additional 2,557 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in A. Schulman in the 3rd quarter worth about $202,000. Finally, Piedmont Investment Advisors LLC bought a new position in A. Schulman in the 2nd quarter worth about $204,000. Institutional investors own 84.23% of the company’s stock.

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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