A. Schulman Inc. (SHLM) Receives $33.00 Consensus Price Target from Analysts
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.
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.
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