A Schulman (NASDAQ:SHLM) was downgraded by equities researchers at Gabelli from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, Marketbeat Ratings reports.
Several other research analysts have also recently weighed in on the stock. Longbow Research cut shares of A Schulman from a “buy” rating to a “neutral” rating in a report on Friday. ValuEngine upgraded shares of A Schulman from a “hold” rating to a “buy” rating in a report on Thursday. Zacks Investment Research upgraded shares of A Schulman from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Saturday, January 13th. TheStreet upgraded shares of A Schulman from a “c+” rating to a “b-” rating in a report on Tuesday, January 9th. Finally, SunTrust Banks boosted their price target on shares of A Schulman from $32.00 to $37.00 and gave the stock a “hold” rating in a report on Monday, January 8th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $39.67.
A Schulman (SHLM) opened at $42.70 on Friday. The stock has a market cap of $1,261.18, a PE ratio of 33.89, a PEG ratio of 1.98 and a beta of 1.52. A Schulman has a twelve month low of $25.00 and a twelve month high of $43.35. The company has a current ratio of 1.61, a quick ratio of 0.98 and a debt-to-equity ratio of 4.01.
A Schulman (NASDAQ:SHLM) last released its quarterly earnings results on Monday, January 8th. The basic materials company reported $0.55 earnings per share for the quarter, topping the 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 analysts’ expectations of $639.10 million. During the same period in the previous year, the company earned $0.49 earnings per share. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. sell-side analysts anticipate that A Schulman will post 2.2 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC purchased a new position in A Schulman in the fourth quarter valued at about $473,000. Millennium Management LLC boosted its stake in A Schulman by 438.3% in the fourth quarter. Millennium Management LLC now owns 205,644 shares of the basic materials company’s stock valued at $7,660,000 after acquiring an additional 167,444 shares during the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new position in A Schulman in the fourth quarter valued at about $971,000. Two Sigma Advisers LP boosted its stake in A Schulman by 64.1% in the fourth quarter. Two Sigma Advisers LP now owns 107,876 shares of the basic materials company’s stock valued at $4,018,000 after acquiring an additional 42,124 shares during the last quarter. Finally, Stone Ridge Asset Management LLC purchased a new position in A Schulman in the fourth quarter valued at about $331,000. Institutional investors and hedge funds own 78.26% of the company’s stock.
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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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