Zacks Investment Research upgraded shares of A Schulman (NASDAQ:SHLM) from a hold rating to a buy rating in a report issued on Saturday morning. Zacks Investment Research currently has $45.00 price objective on the basic materials company’s stock.
According to Zacks, “A. Schulman is a leading international supplier of high-performance plastic compounds, composites and resins, which are used in a variety of markets. The company’s principal product lines consist of proprietary and custom-formulated engineered plastic compounds, engineered composites, color concentrates and additives that improve the appearance, performance or ability to process plastics in a number of specialized applications. “
Other equities analysts also recently issued reports about the company. TheStreet upgraded A Schulman from a c+ rating to a b- rating in a research note on Tuesday, January 9th. ValuEngine downgraded A Schulman from a buy rating to a hold rating in a research note on Tuesday, November 14th. SunTrust Banks restated a hold rating on shares of A Schulman in a research note on Friday, October 27th. Finally, BidaskClub upgraded A Schulman from a sell rating to a hold rating in a research note on Thursday, December 21st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $39.67.
A Schulman (NASDAQ SHLM) traded down $0.95 during trading hours on Friday, reaching $38.30. The company had a trading volume of 184,100 shares, compared to its average volume of 221,960. The firm has a market capitalization of $1,157.93, a P/E ratio of 30.40, a price-to-earnings-growth ratio of 1.88 and a beta of 1.58. A Schulman has a fifty-two week low of $25.00 and a fifty-two week high of $40.95. The company has a quick ratio of 0.98, a current ratio of 1.61 and a debt-to-equity ratio of 4.01.
A Schulman (NASDAQ:SHLM) last posted its quarterly earnings results on Monday, January 8th. The basic materials company reported $0.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.11. A Schulman had a return on equity of 28.45% and a net margin of 1.78%. The business had revenue of $674.60 million during the quarter, compared to the consensus estimate of $639.10 million. During the same period last year, the firm earned $0.49 earnings per share. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. analysts expect that A Schulman will post 2.13 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Monday, January 15th will be paid a $0.205 dividend. The ex-dividend date is Thursday, January 11th. This represents a $0.82 dividend on an annualized basis and a yield of 2.14%. A Schulman’s payout ratio is currently 65.08%.
A number of hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its stake in A Schulman by 1.0% in the second quarter. PNC Financial Services Group Inc. now owns 4,854 shares of the basic materials company’s stock valued at $156,000 after acquiring an additional 50 shares during the period. Teachers Advisors LLC raised its holdings in shares of A Schulman by 1.4% during the second quarter. Teachers Advisors LLC now owns 53,069 shares of the basic materials company’s stock valued at $1,698,000 after buying an additional 725 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of A Schulman by 8.1% during the second quarter. Voya Investment Management LLC now owns 14,997 shares of the basic materials company’s stock valued at $480,000 after buying an additional 1,125 shares during the last quarter. Stevens Capital Management LP raised its holdings in shares of A Schulman by 5.6% during the second quarter. Stevens Capital Management LP now owns 22,619 shares of the basic materials company’s stock valued at $724,000 after buying an additional 1,198 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its holdings in shares of A Schulman by 7.6% during the second quarter. Thrivent Financial For Lutherans now owns 17,920 shares of the basic materials company’s stock valued at $573,000 after buying an additional 1,270 shares during the last quarter. Institutional investors own 78.94% 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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