Shares of A. Schulman Inc. (NASDAQ:SHLM) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are covering the firm. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $33.00.

Several research analysts have recently commented on the company. Seaport Global Securities downgraded A. Schulman from a “buy” rating to a “neutral” rating and set a $33.00 price objective on the stock. in a research note on Thursday, November 17th. TheStreet downgraded A. Schulman from a “buy” rating to a “hold” rating in a research note on Wednesday, November 2nd. Zacks Investment Research downgraded A. Schulman from a “hold” rating to a “sell” rating in a research note on Tuesday, November 1st. Northcoast Research downgraded A. Schulman from a “buy” rating to a “neutral” rating in a research note on Friday, October 28th. Finally, Gabelli raised A. Schulman from a “hold” rating to a “buy” rating in a research note on Tuesday, October 4th.

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Several hedge funds have recently added to or reduced their stakes in SHLM. Tributary Capital Management LLC boosted its position in A. Schulman by 7.3% in the third quarter. Tributary Capital Management LLC now owns 324,180 shares of the company’s stock valued at $9,440,000 after buying an additional 22,071 shares in the last quarter. Cetera Advisors LLC purchased a new position in A. Schulman during the third quarter valued at $332,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in A. Schulman by 75.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,100 shares of the company’s stock valued at $760,000 after buying an additional 11,200 shares in the last quarter. Boston Private Wealth LLC boosted its position in A. Schulman by 17.2% in the third quarter. Boston Private Wealth LLC now owns 10,434 shares of the company’s stock valued at $304,000 after buying an additional 1,535 shares in the last quarter. Finally, Clinton Group Inc. purchased a new position in A. Schulman during the third quarter valued at $229,000. Hedge funds and other institutional investors own 92.52% of the company’s stock.

Shares of A. Schulman (NASDAQ:SHLM) opened at 33.10 on Monday. A. Schulman has a 52-week low of $19.58 and a 52-week high of $35.31. The company’s market cap is $971.05 million. The company has a 50-day moving average price of $30.13 and a 200-day moving average price of $27.18.

A. Schulman (NASDAQ:SHLM) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.32 by $0.15. A. Schulman had a positive return on equity of 13.97% and a negative net margin of 14.31%. The firm had revenue of $604.60 million for the quarter, compared to the consensus estimate of $584.92 million. During the same quarter last year, the company earned $0.64 earnings per share. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year. On average, equities analysts predict that A. Schulman will post $2.11 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 4th. Investors of record on Monday, October 24th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend was Thursday, October 20th. A. Schulman’s dividend payout ratio is currently -6.60%.

About A. Schulman

A. Schulman, Inc is a supplier of plastic formulations, resins and services. The Company’s segments include Europe, Middle East and Africa (EMEA); United States & Canada (USCAN); Latin America (LATAM); Asia Pacific (APAC), and Engineered Composites (EC). The Company operates in six product families: custom performance colors (CPC), engineered composites, masterbatch solutions, engineered plastics, specialty powders and distribution services.

5 Day Chart for NASDAQ:SHLM

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