A. Schulman (SHLM) Raised to “B-” at TheStreet

A. Schulman (NASDAQ:SHLM) was upgraded by equities researchers at TheStreet from a “c+” rating to a “b-” rating in a report issued on Tuesday.

A number of other brokerages have also weighed in on SHLM. SunTrust Banks increased their price objective on A. Schulman from $32.00 to $37.00 and gave the company a “hold” rating in a report on Monday. Zacks Investment Research lowered A. Schulman from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. BidaskClub raised A. Schulman from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. Finally, ValuEngine lowered A. Schulman from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. A. Schulman has an average rating of “Hold” and an average price target of $38.33.

A. Schulman (SHLM) opened at $38.90 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.68 and a debt-to-equity ratio of 4.28. The firm has a market capitalization of $1,120.00, a PE ratio of 45.23, a PEG ratio of 1.92 and a beta of 1.58. A. Schulman has a 1-year low of $25.00 and a 1-year high of $40.95.

A. Schulman (NASDAQ:SHLM) last announced its quarterly earnings data on Monday, January 8th. The basic materials company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.11. The business had revenue of $674.60 million for the quarter, compared to analyst estimates of $639.10 million. A. Schulman had a return on equity of 31.20% and a net margin of 1.35%. The company’s revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.49 earnings per share. sell-side analysts anticipate that A. Schulman will post 2.07 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of SHLM. Highbridge Capital Management LLC lifted its position in shares of A. Schulman by 186.8% in the third quarter. Highbridge Capital Management LLC now owns 102,835 shares of the basic materials company’s stock valued at $3,512,000 after acquiring an additional 66,976 shares in the last quarter. Aureus Asset Management LLC purchased a new position in shares of A. Schulman in the third quarter valued at approximately $331,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of A. Schulman in the third quarter valued at approximately $432,000. Macquarie Group Ltd. purchased a new position in shares of A. Schulman in the third quarter valued at approximately $501,000. Finally, SG Americas Securities LLC purchased a new position in shares of A. Schulman in the third quarter valued at approximately $111,000. Institutional investors own 78.94% of the company’s stock.

WARNING: “A. Schulman (SHLM) Raised to “B-” at TheStreet” was originally posted by Community Financial News and is owned by of Community Financial News. If you are viewing this article on another domain, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this article can be accessed at https://www.com-unik.info/2018/01/11/a-schulman-shlm-raised-to-b-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 & 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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit