SunTrust Robinson Humphrey Maintains A Schulman Inc to Neutral with Price Target $28.00

Brokerage firm SunTrust Robinson Humphrey Maintains its rating on A Schulman Inc(NASDAQ:SHLM). In a research note issued to the investors, the brokerage major Lowers the price-target to $28.00 per share. The shares have been rated Neutral. The rating by SunTrust Robinson Humphrey was issued on Sep 30, 2016.

In a different note, On Aug 26, 2016, Northcoast Research said it Upgrades its rating on A Schulman Inc. The shares have been rated ‘Buy’ by the firm. On Aug 15, 2016, Gabelli & Co said it Downgrades its rating on A Schulman Inc. The shares have been rated ‘Hold’ by the firm. On Aug 11, 2016, Longbow Research said it Downgrades its rating on A Schulman Inc. The shares have been rated ‘Neutral’ by the firm.

A Schulman Inc (SHLM) made into the market gainers list on Tuesdays trading session with the shares advancing 0.78% or 0.22 points. Due to strong positive momentum, the stock ended at $28.57, which is also near the day’s high of $29.99. The stock began the session at $29.69 and the volume stood at 4,26,260 shares. The 52-week high of the shares is $39.05 and the 52 week low is $19.58. The company has a current market capitalization of $841 M and it has 2,94,29,382 shares in outstanding.

A Schulman Inc(SHLM) last announced its earnings results on Jun 28, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $650.44M. Analysts had an estimated revenue of $648.77M. Earnings per share were $0.79. Analysts had estimated an EPS of $0.78.

Several Insider Transactions has been reported to the SEC. On Aug 24, 2016, James A Mitarotonda (director) purchased 25,000 shares at $24.38 per share price.Also, On Aug 3, 2016, Patricia M. Mishic (Former EVP-Chief Marketing) sold 1,500 shares at $25.03 per share price.On Feb 3, 2016, Brent Middleton (SVP GM USCAN) purchased 200 shares at $24.66 per share price, according to the Form-4 filing with the securities and exchange commission.

A. Schulman Inc. is a supplier of plastic formulations resins and services. The Company’s segments include Europe Middle East and Africa (EMEA); United States & Canada (USCAN); Latin America (LATAM); Asia Pacific (APAC) and Engineered Composites (EC). The Company operates in six product families: custom performance colors (CPC) engineered composites masterbatch solutions engineered plastics specialty powders and distribution services. The Company offers powdered pelletized and liquid color concentrates that are designed to enhance thermoplastic resins. The Company’s distribution services offerings include specialty polymers for all processing types including injection molding blow molding thermoforming and film and sheet extruding. 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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