A. Schulman (NASDAQ:SHLM) had its target price upped by research analysts at SunTrust Banks from $32.00 to $37.00 in a note issued to investors on Monday, The Fly reports. The brokerage currently has a “hold” rating on the basic materials company’s stock. SunTrust Banks’ price target would indicate a potential downside of 2.37% 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.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research raised A. Schulman from a “sell” rating to a “strong-buy” rating and set a $41.00 target price on the stock in a research report on Saturday, October 21st. ValuEngine downgraded A. Schulman from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. TheStreet raised A. Schulman from a “c-” rating to a “b-” rating in a report on Tuesday, November 7th. Finally, BidaskClub downgraded A. Schulman from a “hold” rating to a “sell” rating in a report on Saturday, December 9th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $38.33.

A. Schulman (NASDAQ:SHLM) traded down $1.00 during mid-day trading on Monday, reaching $37.90. The company had a trading volume of 404,000 shares, compared to its average volume of 230,100. A. Schulman has a fifty-two week low of $25.00 and a fifty-two week high of $40.95. The firm has a market capitalization of $1,120.00, a P/E ratio of 44.07, a PEG ratio of 1.92 and a beta of 1.58. The company has a current ratio of 1.68, a quick ratio of 1.09 and a debt-to-equity ratio of 4.28.

A. Schulman (NASDAQ:SHLM) last released its earnings results on Monday, January 8th. The basic materials company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.11. A. Schulman had a return on equity of 31.20% and a net margin of 1.35%. The business had revenue of $674.60 million for the quarter, compared to the consensus estimate of $639.10 million. During the same period last year, the business earned $0.49 earnings per share. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. research analysts predict that A. Schulman will post 2.07 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SHLM. Beach Investment Management LLC. acquired a new stake in A. Schulman during the second quarter valued at approximately $355,000. Schwab Charles Investment Management Inc. boosted its holdings in A. Schulman by 21.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 346,099 shares of the basic materials company’s stock valued at $11,076,000 after purchasing an additional 60,616 shares in the last quarter. First Trust Advisors LP acquired a new stake in A. Schulman during the second quarter valued at approximately $471,000. Legal & General Group Plc boosted its holdings in A. Schulman by 8.9% during the second quarter. Legal & General Group Plc now owns 57,654 shares of the basic materials company’s stock valued at $1,840,000 after purchasing an additional 4,702 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in A. Schulman by 38.7% during the second quarter. BNP Paribas Arbitrage SA now owns 11,899 shares of the basic materials company’s stock valued at $381,000 after purchasing an additional 3,323 shares in the last quarter. 78.94% of the stock is currently owned by institutional investors.

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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.

The Fly

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