A. Schulman, Inc. (NASDAQ:SHLM) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Saturday.

Several other analysts have also recently commented 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 raised A. Schulman from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $33.00.

A. Schulman (NASDAQ:SHLM) traded down 0.56% on Friday, hitting $26.85. The stock had a trading volume of 378,213 shares. 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 company’s market cap is $789.93 million.

A. Schulman (NASDAQ:SHLM) last issued its quarterly earnings results on Wednesday, June 28th. The basic materials company reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.02. A. Schulman had a positive return on equity of 35.64% and a negative net margin of 14.86%. The firm had revenue of $645.80 million for the quarter, compared to analysts’ expectations of $619.54 million. During the same quarter in the previous year, the firm posted $0.79 earnings per share. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. On average, analysts predict that A. Schulman will post $1.65 EPS for the current fiscal year.

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Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of A. Schulman by 45,121.7% in the first quarter. BlackRock Inc. now owns 3,588,792 shares of the basic materials company’s stock valued at $112,868,000 after buying an additional 3,580,856 shares during the period. Vanguard Group Inc. raised its position in shares of A. Schulman by 8.7% in the second quarter. Vanguard Group Inc. now owns 2,885,838 shares of the basic materials company’s stock valued at $92,346,000 after buying an additional 231,248 shares during the period. Deprince Race & Zollo Inc. raised its position in shares of A. Schulman by 16.7% in the second quarter. Deprince Race & Zollo Inc. now owns 1,124,746 shares of the basic materials company’s stock valued at $35,992,000 after buying an additional 160,832 shares during the period. Victory Capital Management Inc. raised its position in shares of A. Schulman by 11.3% in the first quarter. Victory Capital Management Inc. now owns 1,060,635 shares of the basic materials company’s stock valued at $33,357,000 after buying an additional 107,495 shares during the period. Finally, Northern Trust Corp raised its position in shares of A. Schulman by 3.8% in the second quarter. Northern Trust Corp now owns 889,569 shares of the basic materials company’s stock valued at $28,467,000 after buying an additional 32,566 shares during the period. 87.38% of the stock is currently owned by institutional investors and hedge funds.

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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