A. Schulman (NASDAQ:SHLM) has received an average recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $37.00.
Several analysts have commented on the stock. Zacks Investment Research raised shares of A. Schulman from a “sell” rating to a “hold” rating in a research report on Wednesday, May 30th. TheStreet downgraded shares of A. Schulman from a “b-” rating to a “c” rating in a research report on Wednesday, April 11th. BidaskClub downgraded shares of A. Schulman from a “buy” rating to a “hold” rating in a research report on Friday, April 6th. Finally, Gabelli downgraded shares of A. Schulman from a “buy” rating to a “hold” rating in a research report on Friday, February 16th.
SHLM stock traded down $0.05 during trading hours on Thursday, hitting $44.25. The company’s stock had a trading volume of 206,000 shares, compared to its average volume of 360,661. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 4.15. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 25.30 and a beta of 1.34. A. Schulman has a 12 month low of $25.00 and a 12 month high of $44.50.
A. Schulman (NASDAQ:SHLM) last posted its earnings results on Wednesday, March 28th. The basic materials company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.47). The business had revenue of $650.10 million during the quarter, compared to the consensus estimate of $646.57 million. A. Schulman had a return on equity of 20.83% and a net margin of 1.74%. research analysts expect that A. Schulman will post 2.15 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of A. Schulman by 0.8% during the 1st quarter. BlackRock Inc. now owns 3,748,836 shares of the basic materials company’s stock worth $161,201,000 after buying an additional 28,959 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of A. Schulman by 57.3% during the 1st quarter. Wells Fargo & Company MN now owns 936,817 shares of the basic materials company’s stock worth $40,283,000 after buying an additional 341,263 shares during the period. P Schoenfeld Asset Management LP bought a new stake in shares of A. Schulman during the 1st quarter worth $35,238,000. Glenhill Advisors LLC boosted its holdings in shares of A. Schulman by 11.8% during the 4th quarter. Glenhill Advisors LLC now owns 679,603 shares of the basic materials company’s stock worth $25,315,000 after buying an additional 71,788 shares during the period. Finally, Royce & Associates LP boosted its holdings in shares of A. Schulman by 4.4% during the 4th quarter. Royce & Associates LP now owns 556,483 shares of the basic materials company’s stock worth $20,729,000 after buying an additional 23,268 shares during the period. 87.68% of the stock is owned by institutional investors and hedge funds.
A. Schulman Company Profile
A. Schulman, Inc manufactures and supplies plastic compounds and resins. It offers custom performance colors, including standard and customized colors, organic and inorganic pigments, high chroma colors in translucent or opaque formats, and special effects. The company also provides engineered composites, such as bulk molding compounds, sheet molding compounds, and thick molding compounds, as well as high performance engineered structural composite solutions for original equipment manufacturers and custom molders.
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