Analysts Set A Schulman Inc (SHLM) PT at $41.00

A Schulman Inc (NASDAQ:SHLM) has received an average rating of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $37.00.

SHLM has been the topic of several analyst reports. SunTrust Banks reissued a “hold” rating on shares of A Schulman in a report on Friday, October 27th. Zacks Investment Research raised shares of A Schulman from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Friday, December 22nd. ValuEngine lowered shares of A Schulman from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. TheStreet raised shares of A Schulman from a “c-” rating to a “b-” rating in a report on Tuesday, November 7th. Finally, Longbow Research lowered shares of A Schulman from a “buy” rating to a “neutral” rating in a report on Friday, February 16th.

A Schulman (NASDAQ SHLM) traded up $0.10 during midday trading on Tuesday, reaching $42.95. 480,400 shares of the company’s stock traded hands, compared to its average volume of 406,447. The company has a quick ratio of 0.98, a current ratio of 1.61 and a debt-to-equity ratio of 4.01. A Schulman has a fifty-two week low of $25.00 and a fifty-two week high of $43.45. The stock has a market capitalization of $1,264.13, a price-to-earnings ratio of 23.67, a P/E/G ratio of 1.99 and a beta of 1.52.

A Schulman (NASDAQ:SHLM) last released its quarterly earnings results on Monday, January 8th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.11. A Schulman had a net margin of 1.78% and a return on equity of 28.45%. The business had revenue of $674.60 million for the quarter, compared to analyst estimates of $639.10 million. During the same period in the previous year, the company earned $0.49 earnings per share. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. analysts forecast that A Schulman will post 2.2 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Monday, January 15th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date was Thursday, January 11th. A Schulman’s dividend payout ratio (DPR) is presently 65.08%.

Several institutional investors and hedge funds have recently made changes to their positions in SHLM. SG Americas Securities LLC purchased a new stake in shares of A Schulman during the third quarter valued at $111,000. Advisor Group Inc. lifted its position in A Schulman by 79.5% during the fourth quarter. Advisor Group Inc. now owns 3,262 shares of the basic materials company’s stock valued at $121,000 after purchasing an additional 1,445 shares during the period. PNC Financial Services Group Inc. lifted its position in 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 valued at $156,000 after purchasing an additional 50 shares during the period. Crossmark Global Holdings Inc. acquired a new position in A Schulman during the third quarter valued at $202,000. Finally, Piedmont Investment Advisors LLC acquired a new position in A Schulman during the second quarter valued at $204,000. 80.31% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States and international copyright and trademark law. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2018/02/23/analysts-set-a-schulman-inc-shlm-pt-at-41-00.html.

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.

Receive News & Ratings for A Schulman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A Schulman and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply