A. Schulman, Inc. (SHLM) Upgraded to “Buy” at ValuEngine
A. Schulman, Inc. (NASDAQ:SHLM) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Saturday.
A number of other brokerages have also recently weighed in on SHLM. Zacks Investment Research upgraded A. Schulman from a “sell” rating to a “hold” rating in a research report on Thursday, April 20th. BidaskClub upgraded A. Schulman from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $33.00.
A. Schulman (NASDAQ:SHLM) opened at 26.85 on Friday. A. Schulman has a 12-month low of $21.50 and a 12-month high of $37.70. The company has a 50-day moving average of $28.37 and a 200 day moving average of $30.59. The stock’s market cap is $789.93 million.
A. Schulman (NASDAQ:SHLM) last announced its quarterly earnings results on Wednesday, June 28th. The basic materials company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by $0.02. A. Schulman had a negative net margin of 14.86% and a positive return on equity of 35.64%. The company had revenue of $645.80 million during the quarter, compared to the consensus estimate of $619.54 million. During the same quarter last year, the company earned $0.79 earnings per share. The business’s revenue was down .7% on a year-over-year basis. Equities analysts anticipate that A. Schulman will post $1.65 earnings per share for the current year.
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A number of institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in A. Schulman during the fourth quarter worth approximately $13,181,000. Citadel Advisors LLC acquired a new position in A. Schulman during the first quarter worth approximately $1,215,000. Envestnet Asset Management Inc. raised its position in A. Schulman by 1.8% in the first quarter. Envestnet Asset Management Inc. now owns 17,936 shares of the basic materials company’s stock worth $563,000 after buying an additional 319 shares in the last quarter. First National Bank of Omaha raised its position in A. Schulman by 22.1% in the first quarter. First National Bank of Omaha now owns 37,970 shares of the basic materials company’s stock worth $1,194,000 after buying an additional 6,864 shares in the last quarter. Finally, Airain ltd acquired a new position in A. Schulman during the first quarter worth approximately $262,000. 87.38% of the stock is currently owned by institutional investors.
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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