BidaskClub upgraded shares of A Schulman (NASDAQ:SHLM) from a hold rating to a buy rating in a research report released on Saturday.
Other equities analysts have also recently issued reports about the stock. SunTrust Banks reaffirmed a hold rating on shares of A Schulman in a report on Friday, October 27th. Zacks Investment Research raised shares of A Schulman from a sell rating to a strong-buy rating and set a $41.00 target price on the stock in a report on Saturday, October 21st. Longbow Research cut shares of A Schulman from a buy rating to a neutral rating in a report on Friday. ValuEngine cut shares of A Schulman from a buy rating to a hold rating in a report on Tuesday, November 14th. Finally, TheStreet raised shares of A Schulman from a c- rating to a b- rating in a report on Tuesday, November 7th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $39.67.
Shares of A Schulman (NASDAQ:SHLM) opened at $42.70 on Friday. 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 has a 1-year low of $25.00 and a 1-year high of $43.35. The firm has a market cap of $1,259.69, a P/E ratio of 23.59, a price-to-earnings-growth ratio of 1.98 and a beta of 1.52.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Monday, January 15th were issued a $0.205 dividend. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.92%. A Schulman’s payout ratio is 65.08%.
Several institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its holdings in shares of A Schulman by 1.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,854 shares of the basic materials company’s stock valued at $156,000 after acquiring an additional 50 shares during the period. Teachers Advisors LLC grew its position in A Schulman by 1.4% in the 2nd quarter. Teachers Advisors LLC now owns 53,069 shares of the basic materials company’s stock valued at $1,698,000 after buying an additional 725 shares during the last quarter. Voya Investment Management LLC grew its position in A Schulman by 8.1% in the 2nd quarter. Voya Investment Management LLC now owns 14,997 shares of the basic materials company’s stock valued at $480,000 after buying an additional 1,125 shares during the last quarter. Bank of New York Mellon Corp grew its position 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 valued at $15,933,000 after buying an additional 1,418 shares during the last quarter. Finally, GHP Investment Advisors Inc. grew its position in A Schulman by 4.1% in the 3rd quarter. GHP Investment Advisors Inc. now owns 36,068 shares of the basic materials company’s stock valued at $1,232,000 after buying an additional 1,431 shares during the last quarter. 78.26% of the stock is currently owned by institutional investors and hedge funds.
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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