A. Schulman (SHLM) Lowered to “C+” at TheStreet
A number of other research analysts have also issued reports on the company. ValuEngine lowered A. Schulman from a buy rating to a hold rating in a report on Tuesday, November 14th. SunTrust Banks reaffirmed a hold rating on shares of A. Schulman in a report on Friday, October 27th. Zacks Investment Research raised 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. BidaskClub raised A. Schulman from a sell rating to a hold rating in a report on Saturday, August 26th. Finally, Longbow Research raised A. Schulman from a neutral rating to a buy rating and set a $37.00 target price on the stock in a report on Friday, August 25th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $39.00.
Shares of A. Schulman (NASDAQ SHLM) traded down $0.25 during midday trading on Wednesday, hitting $36.75. 203,000 shares of the company were exchanged, compared to its average volume of 261,517. A. Schulman has a fifty-two week low of $25.00 and a fifty-two week high of $39.85. The company has a current ratio of 1.68, a quick ratio of 1.09 and a debt-to-equity ratio of 4.28. The company has a market capitalization of $1,091.50, a PE ratio of 21.14, a P/E/G ratio of 1.82 and a beta of 1.57.
A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in A. Schulman by 8.7% in the 2nd quarter. Vanguard Group Inc. now owns 2,885,838 shares of the basic materials company’s stock worth $92,346,000 after purchasing an additional 231,248 shares in the last quarter. Deprince Race & Zollo Inc. increased its stake in A. Schulman by 16.7% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,124,746 shares of the basic materials company’s stock worth $35,992,000 after purchasing an additional 160,832 shares in the last quarter. Northern Trust Corp increased its stake in A. Schulman by 3.8% in the 2nd quarter. Northern Trust Corp now owns 889,569 shares of the basic materials company’s stock worth $28,467,000 after purchasing an additional 32,566 shares in the last quarter. LSV Asset Management increased its stake in A. Schulman by 11.7% in the 2nd quarter. LSV Asset Management now owns 739,006 shares of the basic materials company’s stock worth $23,648,000 after purchasing an additional 77,691 shares in the last quarter. Finally, State Street Corp increased its stake in A. Schulman by 3.5% in the 2nd quarter. State Street Corp now owns 703,408 shares of the basic materials company’s stock worth $22,506,000 after purchasing an additional 23,883 shares in the last quarter. 79.15% of the stock is currently owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION WARNING: This news story was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/12/08/a-schulman-shlm-lowered-to-c-at-thestreet.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 & Stock Ratings for A. Schulman Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A. Schulman Inc. and related stocks with our FREE daily email newsletter.