Longbow Research lowered shares of A Schulman (NASDAQ:SHLM) from a buy rating to a neutral rating in a report published on Friday morning, MarketBeat reports.
A number of other equities analysts have also commented on the company. ValuEngine raised A Schulman from a hold rating to a buy rating in a research note on Thursday. Zacks Investment Research raised A Schulman from a hold rating to a buy rating and set a $45.00 price objective on the stock in a research note on Saturday, January 13th. TheStreet raised A Schulman from a c+ rating to a b- rating in a research note on Tuesday, January 9th. SunTrust Banks lifted their price objective on A Schulman from $32.00 to $37.00 and gave the stock a hold rating in a research note on Monday, January 8th. Finally, BidaskClub raised A Schulman from a sell rating to a hold rating in a research note on Thursday, December 21st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. A Schulman currently has a consensus rating of Buy and an average price target of $39.67.
A Schulman (NASDAQ SHLM) opened at $42.70 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.61 and a debt-to-equity ratio of 4.01. The company has a market capitalization of $1,259.69, a P/E ratio of 33.89, a P/E/G ratio of 1.98 and a beta of 1.52. A Schulman has a 12 month low of $25.00 and a 12 month high of $43.35.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Monday, January 15th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Thursday, January 11th. A Schulman’s dividend payout ratio is currently 65.08%.
Hedge funds have recently modified their holdings of the business. Alpha Windward LLC bought a new stake in A Schulman in the third quarter worth approximately $535,000. Convergence Investment Partners LLC bought a new stake in A Schulman in the fourth quarter worth approximately $929,000. Highbridge Capital Management LLC increased its holdings in 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 worth $3,512,000 after purchasing an additional 66,976 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in A Schulman by 952.8% in the third quarter. Gamco Investors INC. ET AL now owns 189,500 shares of the basic materials company’s stock worth $6,471,000 after purchasing an additional 171,500 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in A Schulman in the third quarter worth approximately $368,000. Institutional investors and hedge funds own 78.26% of the company’s stock.
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A Schulman Company Profile
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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