BidaskClub lowered shares of A Schulman (NASDAQ:SHLM) from a buy rating to a hold rating in a research report sent to investors on Wednesday.
Other analysts have also recently issued reports about the stock. TheStreet upgraded shares of A Schulman from a c+ rating to a b- rating in a report on Tuesday, January 9th. Zacks Investment Research raised shares of A Schulman from a hold rating to a buy rating and set a $49.00 price objective for the company in a research note on Wednesday, March 7th. ValuEngine raised shares of A Schulman from a hold rating to a buy rating in a research note on Thursday, February 15th. SunTrust Banks raised their price objective on shares of A Schulman from $32.00 to $37.00 and gave the stock a hold rating in a research note on Monday, January 8th. Finally, Gabelli lowered shares of A Schulman from a buy rating to a hold rating in a research note on Friday, February 16th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $41.00.
Shares of A Schulman (SHLM) traded up $0.10 during trading hours on Wednesday, reaching $43.20. 20,094 shares of the company were exchanged, compared to its average volume of 433,257. The company has a market capitalization of $1,272.98, a PE ratio of 34.21, a price-to-earnings-growth ratio of 2.00 and a beta of 1.32. A Schulman has a 1 year low of $25.00 and a 1 year high of $43.88. The company has a quick ratio of 0.98, a current ratio of 1.61 and a debt-to-equity ratio of 4.01.
A Schulman (NASDAQ:SHLM) last issued its earnings results on Monday, January 8th. The basic materials company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.11. The firm had revenue of $674.60 million during the quarter, compared to analysts’ expectations of $639.10 million. A Schulman had a net margin of 1.78% and a return on equity of 28.45%. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period last year, the firm posted $0.49 earnings per share. research analysts predict that A Schulman will post 2.2 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in A Schulman by 4.0% in the 4th quarter. BlackRock Inc. now owns 3,719,877 shares of the basic materials company’s stock worth $138,566,000 after purchasing an additional 142,687 shares during the period. State Street Corp boosted its stake in A Schulman by 3.5% in the 2nd quarter. State Street Corp now owns 703,408 shares of the basic materials company’s stock worth $22,506,000 after purchasing an additional 23,883 shares during the period. Glenhill Advisors LLC boosted its stake in A Schulman by 11.8% in the 4th quarter. Glenhill Advisors LLC now owns 679,603 shares of the basic materials company’s stock worth $25,315,000 after purchasing an additional 71,788 shares during the period. Royce & Associates LP boosted its stake in A Schulman by 4.4% in the 4th quarter. Royce & Associates LP now owns 556,483 shares of the basic materials company’s stock worth $20,729,000 after purchasing an additional 23,268 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in A Schulman by 0.3% in the 4th quarter. Bank of New York Mellon Corp now owns 427,715 shares of the basic materials company’s stock worth $15,933,000 after purchasing an additional 1,418 shares during the period. 87.87% of the stock is owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION NOTICE: “A Schulman (SHLM) Downgraded by BidaskClub” was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/03/15/a-schulman-shlm-downgraded-by-bidaskclub.html.
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.
Receive News & Ratings for A Schulman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A Schulman and related companies with MarketBeat.com's FREE daily email newsletter.