ValuEngine downgraded shares of A. Schulman (NASDAQ:SHLM) from a buy rating to a hold rating in a report published on Tuesday, November 14th.
A number of other equities analysts have also weighed in on the company. TheStreet raised A. Schulman from a c- rating to a b- rating in a research note on Tuesday, November 7th. SunTrust Banks reissued a hold rating on shares of A. Schulman in a research note on Friday, October 27th. Zacks Investment Research upgraded A. Schulman from a sell rating to a strong-buy rating and set a $41.00 price objective on the stock in a research report on Saturday, October 21st. BidaskClub upgraded A. Schulman from a sell rating to a hold rating in a research report on Saturday, August 26th. Finally, Longbow Research upgraded A. Schulman from a neutral rating to a buy rating and set a $37.00 price objective on the stock in a research report on Friday, August 25th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. A. Schulman has a consensus rating of Buy and a consensus price target of $39.00.
A. Schulman (SHLM) traded up $0.05 during trading on Tuesday, reaching $38.00. The company had a trading volume of 166,575 shares, compared to its average volume of 155,807. A. Schulman has a 12 month low of $25.00 and a 12 month high of $39.85. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.09 and a current ratio of 1.68. The stock has a market capitalization of $1,121.00, a PE ratio of 21.71, a PEG ratio of 1.87 and a beta of 1.58.
A number of hedge funds and other institutional investors have recently made changes to their positions in SHLM. Royce & Associates LP boosted its position in shares of A. Schulman by 77.2% in the 2nd quarter. Royce & Associates LP now owns 559,015 shares of the basic materials company’s stock worth $17,888,000 after purchasing an additional 243,479 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of A. Schulman in the 2nd quarter worth $1,633,000. Guyasuta Investment Advisors Inc. boosted its position in shares of A. Schulman by 13.0% in the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 34,815 shares of the basic materials company’s stock worth $1,114,000 after purchasing an additional 4,000 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of A. Schulman by 38.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,899 shares of the basic materials company’s stock worth $381,000 after purchasing an additional 3,323 shares in the last quarter. Finally, Alpha Windward LLC purchased a new position in A. Schulman in the 3rd quarter worth $535,000. 79.33% of the stock is currently owned by institutional investors and hedge funds.
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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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