A Schulman (NASDAQ:SHLM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage currently has a $49.00 price target on the basic materials company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 13.29% from the stock’s current price.
According to Zacks, “A. Schulman is a leading international supplier of high-performance plastic compounds, composites and resins, which are used in a variety of markets. The company’s principal product lines consist of proprietary and custom-formulated engineered plastic compounds, engineered composites, color concentrates and additives that improve the appearance, performance or ability to process plastics in a number of specialized applications. “
Other equities analysts also recently issued reports about the company. TheStreet upgraded A Schulman from a “c+” rating to a “b-” rating in a research report on Tuesday, January 9th. BidaskClub upgraded A Schulman from a “hold” rating to a “buy” rating in a research report on Saturday, February 17th. ValuEngine upgraded A Schulman from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. Gabelli downgraded A Schulman from a “buy” rating to a “hold” rating in a research report on Friday, February 16th. Finally, SunTrust Banks boosted their price objective on A Schulman from $32.00 to $37.00 and gave the company a “hold” rating in a research report on Monday, January 8th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $41.00.
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, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.11. A Schulman had a return on equity of 28.45% and a net margin of 1.78%. The company had revenue of $674.60 million for the quarter, compared to the consensus estimate of $639.10 million. During the same period in the previous year, the business earned $0.49 earnings per share. A Schulman’s quarterly revenue was up 12.4% compared to the same quarter last year. equities analysts anticipate that A Schulman will post 2.2 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of A Schulman in the third quarter valued at about $111,000. Advisor Group Inc. lifted its position in shares of A Schulman by 79.5% in the fourth quarter. Advisor Group Inc. now owns 3,262 shares of the basic materials company’s stock valued at $121,000 after acquiring an additional 1,445 shares in the last quarter. Paragon Capital Management Ltd purchased a new stake in shares of A Schulman in the fourth quarter worth about $206,000. Crossmark Global Holdings Inc. purchased a new stake in shares of A Schulman in the third quarter worth about $202,000. Finally, Koch Industries Inc. purchased a new stake in shares of A Schulman in the fourth quarter worth about $232,000. Institutional investors and hedge funds own 87.87% 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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