A. Schulman (SHLM) Stock Rating Upgraded by TheStreet

TheStreet upgraded shares of A. Schulman (NASDAQ:SHLM) from a c+ rating to a b- rating in a research report report published on Tuesday.

Several other research analysts have also recently commented on SHLM. Zacks Investment Research cut shares of A. Schulman from a buy rating to a hold rating in a report on Tuesday, January 2nd. SunTrust Banks increased their target price on shares of A. Schulman from $32.00 to $37.00 and gave the stock a hold rating in a report on Monday, January 8th. BidaskClub upgraded shares of A. Schulman from a sell rating to a hold rating in a report on Thursday, December 21st. Finally, ValuEngine cut shares of A. Schulman from a buy rating to a hold rating in a report on Tuesday, November 14th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $38.33.

A. Schulman (SHLM) opened at $39.25 on Tuesday. A. Schulman has a 1-year low of $25.00 and a 1-year high of $40.95. The company has a market cap of $1,180.00, a price-to-earnings ratio of 31.15, a P/E/G ratio of 1.92 and a beta of 1.58. The company has a current ratio of 1.68, a quick ratio of 1.09 and a debt-to-equity ratio of 4.28.

A. Schulman (NASDAQ:SHLM) last announced its earnings results on Monday, January 8th. The basic materials company reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.11. A. Schulman had a net margin of 1.35% and a return on equity of 31.20%. The business had revenue of $674.60 million during the quarter, compared to analysts’ expectations of $639.10 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. The firm’s revenue was up 12.4% on a year-over-year basis. analysts forecast that A. Schulman will post 2.07 EPS for the current fiscal year.

The company also recently declared 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. This represents a $0.82 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Thursday, January 11th. A. Schulman’s dividend payout ratio is currently 65.08%.

A number of hedge funds have recently made changes to their positions in the business. Highbridge Capital Management LLC lifted its stake 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 valued at $3,512,000 after acquiring an additional 66,976 shares during the last quarter. Aureus Asset Management LLC acquired a new stake in A. Schulman in the third quarter valued at $331,000. Dynamic Technology Lab Private Ltd acquired a new stake in A. Schulman in the third quarter valued at $432,000. Macquarie Group Ltd. acquired a new stake in A. Schulman in the third quarter valued at $501,000. Finally, SG Americas Securities LLC acquired a new stake in A. Schulman in the third quarter valued at $111,000. Hedge funds and other institutional investors own 78.94% of the company’s stock.

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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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