A Schulman (NASDAQ:SHLM) PT Raised to $37.00 at SunTrust Banks

A Schulman (NASDAQ:SHLM) had its target price increased by SunTrust Banks from $32.00 to $37.00 in a report issued on Monday, January 8th, The Fly reports. The firm currently has a “hold” rating on the basic materials company’s stock. SunTrust Banks’ target price suggests a potential downside of 2.63% from the company’s current price. SunTrust Banks also issued estimates for A Schulman’s Q1 2018 earnings at $0.47 EPS, Q2 2018 earnings at $0.38 EPS, Q4 2018 earnings at $0.61 EPS, FY2018 earnings at $2.23 EPS, Q1 2019 earnings at $0.67 EPS, Q2 2019 earnings at $0.52 EPS, Q3 2019 earnings at $0.75 EPS, Q4 2019 earnings at $0.67 EPS and FY2019 earnings at $2.60 EPS.

A number of other brokerages also recently weighed in on SHLM. TheStreet raised shares of A Schulman from a “c-” rating to a “b-” rating in a report on Tuesday, November 7th. ValuEngine cut shares of A Schulman from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Zacks Investment Research cut shares of A Schulman from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, BidaskClub upgraded shares of A Schulman from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $39.67.

A Schulman (SHLM) opened at $38.00 on Monday. The firm has a market cap of $1,153.50, a PE ratio of 30.16, a PEG ratio of 1.81 and a beta of 1.52. The company has a debt-to-equity ratio of 4.01, a quick ratio of 0.98 and a current ratio of 1.61. A Schulman has a 52 week low of $25.00 and a 52 week high of $40.95.

A Schulman (NASDAQ:SHLM) last announced its earnings results on Monday, January 8th. The basic materials company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.44 by $0.11. The business had revenue of $674.60 million during the quarter, compared to the consensus estimate of $639.10 million. A Schulman had a net margin of 1.78% and a return on equity of 28.45%. A Schulman’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 EPS. research analysts predict that A Schulman will post 2.2 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its position in shares of A Schulman by 1.0% during the second quarter. PNC Financial Services Group Inc. now owns 4,854 shares of the basic materials company’s stock worth $156,000 after buying an additional 50 shares during the period. Teachers Advisors LLC increased its position in shares of A Schulman by 1.4% during the second quarter. Teachers Advisors LLC now owns 53,069 shares of the basic materials company’s stock worth $1,698,000 after buying an additional 725 shares during the period. Voya Investment Management LLC increased its position in shares of A Schulman by 8.1% during the second quarter. Voya Investment Management LLC now owns 14,997 shares of the basic materials company’s stock worth $480,000 after buying an additional 1,125 shares during the period. Stevens Capital Management LP increased its position in shares of A Schulman by 5.6% during the second quarter. Stevens Capital Management LP now owns 22,619 shares of the basic materials company’s stock worth $724,000 after buying an additional 1,198 shares during the period. Finally, Thrivent Financial For Lutherans increased its position in shares of A Schulman by 7.6% during the second quarter. Thrivent Financial For Lutherans now owns 17,920 shares of the basic materials company’s stock worth $573,000 after buying an additional 1,270 shares during the period. Institutional investors own 78.74% of the company’s stock.

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About A Schulman

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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