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 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.
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.
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