A. Schulman, Inc. (NASDAQ:SHLM) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Thursday.

SHLM has been the subject of a number of other reports. Zacks Investment Research upgraded shares of A. Schulman from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. ValuEngine cut shares of A. Schulman from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. A. Schulman has a consensus rating of “Hold” and an average target price of $33.00.

A. Schulman (SHLM) opened at 28.10 on Thursday. The company’s 50-day moving average is $28.38 and its 200 day moving average is $30.43. A. Schulman has a 12 month low of $22.76 and a 12 month high of $37.70. The firm’s market cap is $826.70 million.

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

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A number of hedge funds have recently bought and sold shares of SHLM. Emerald Acquisition Ltd. raised its position in A. Schulman by 37.4% in the third quarter. Emerald Acquisition Ltd. now owns 554,570 shares of the basic materials company’s stock worth $16,149,000 after buying an additional 150,811 shares in the last quarter. Principal Financial Group Inc. raised its position in A. Schulman by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 193,569 shares of the basic materials company’s stock worth $5,931,000 after buying an additional 1,214 shares in the last quarter. Channing Capital Management LLC raised its position in A. Schulman by 2.3% in the second quarter. Channing Capital Management LLC now owns 1,351,511 shares of the basic materials company’s stock worth $33,004,000 after buying an additional 29,836 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in A. Schulman by 2.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 158,386 shares of the basic materials company’s stock worth $4,853,000 after buying an additional 4,481 shares in the last quarter. Finally, Keybank National Association OH raised its position in A. Schulman by 36.6% in the fourth quarter. Keybank National Association OH now owns 39,600 shares of the basic materials company’s stock worth $1,325,000 after buying an additional 10,600 shares in the last quarter. Hedge funds and other institutional investors own 85.15% of the company’s stock.

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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