A. Schulman (SHLM) Price Target Increased to $37.00 by Analysts at SunTrust Banks
A. Schulman (NASDAQ:SHLM) had its price target upped by SunTrust Banks from $32.00 to $37.00 in a research report report published on Monday, The Fly reports. They currently have a hold rating on the basic materials company’s stock. 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.
Several other equities analysts have also issued reports on SHLM. Zacks Investment Research lowered A. Schulman from a buy rating to a hold rating in a research note on Tuesday, January 2nd. BidaskClub upgraded A. Schulman from a sell rating to a hold rating in a research note on Thursday, December 21st. ValuEngine downgraded A. Schulman from a buy rating to a hold rating in a report on Tuesday, November 14th. Finally, TheStreet raised A. Schulman from a c- rating to a b- rating in a report on Tuesday, November 7th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $38.33.
A. Schulman (NASDAQ:SHLM) traded up $1.00 on Monday, reaching $39.90. The company’s stock had a trading volume of 201,600 shares, compared to its average volume of 239,750. A. Schulman has a 52 week low of $25.00 and a 52 week high of $40.95. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.68 and a quick ratio of 1.09. The stock has a market capitalization of $1,180.00, a price-to-earnings ratio of 31.67, a PEG ratio of 1.92 and a beta of 1.58.
A. Schulman (NASDAQ:SHLM) last posted its earnings results on Monday, January 8th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.11. A. Schulman had a return on equity of 31.20% and a net margin of 1.35%. The company had revenue of $674.60 million for the quarter, compared to analyst estimates of $639.10 million. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. research analysts predict that A. Schulman will post 2.07 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Monday, January 15th will be issued a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 2.06%. The ex-dividend date is Thursday, January 11th. A. Schulman’s dividend payout ratio is presently 65.08%.
Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA boosted its holdings in A. Schulman by 38.7% in the second quarter. BNP Paribas Arbitrage SA now owns 11,899 shares of the basic materials company’s stock worth $381,000 after acquiring an additional 3,323 shares in the last quarter. Alpha Windward LLC acquired a new stake in A. Schulman in the third quarter worth about $535,000. Stifel Financial Corp boosted its holdings in A. Schulman by 16.0% in the second quarter. Stifel Financial Corp now owns 199,682 shares of the basic materials company’s stock worth $6,383,000 after acquiring an additional 27,562 shares in the last quarter. LSV Asset Management boosted its holdings in A. Schulman by 11.7% in the second quarter. LSV Asset Management now owns 739,006 shares of the basic materials company’s stock worth $23,648,000 after acquiring an additional 77,691 shares in the last quarter. Finally, Laurion Capital Management LP acquired a new stake in A. Schulman in the second quarter worth about $251,000. 78.94% of the stock is owned by institutional investors and hedge funds.
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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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