BidaskClub Upgrades A Schulman (SHLM) to Buy

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.

A Schulman (NASDAQ:SHLM) last released its quarterly earnings data on Monday, January 8th. The basic materials company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.11. A Schulman had a net margin of 1.78% and a return on equity of 28.45%. The company had revenue of $674.60 million for the quarter, compared to analysts’ expectations of $639.10 million. During the same quarter last year, the company earned $0.49 earnings per share. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. sell-side analysts expect that A Schulman will post 2.2 EPS for the current year.

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.

TRADEMARK VIOLATION NOTICE: “BidaskClub Upgrades A Schulman (SHLM) to Buy” was first posted by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this piece on another website, it was illegally stolen and reposted in violation of U.S. & international copyright legislation. The original version of this piece can be viewed at https://stocknewstimes.com/2018/02/18/bidaskclub-upgrades-a-schulman-shlm-to-buy.html.

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.

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.

Latest News

Leave a Reply