Shares of A. Schulman, Inc. (NASDAQ:SHLM) have been assigned an average rating of “Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $39.00.

A number of equities analysts have recently commented on SHLM shares. ValuEngine raised shares of A. Schulman from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Zacks Investment Research downgraded shares of A. Schulman from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. BidaskClub raised shares of A. Schulman from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. TheStreet raised shares of A. Schulman from a “c-” rating to a “b-” rating in a research note on Tuesday, November 7th. Finally, SunTrust Banks reissued a “hold” rating on shares of A. Schulman in a research note on Friday, October 27th.

A number of institutional investors have recently added to or reduced their stakes in SHLM. Teachers Advisors LLC increased its stake in A. Schulman by 4.9% during the 1st quarter. Teachers Advisors LLC now owns 52,344 shares of the basic materials company’s stock worth $1,646,000 after buying an additional 2,468 shares during the period. State Street Corp increased its stake in A. Schulman by 7.0% during the 1st quarter. State Street Corp now owns 679,525 shares of the basic materials company’s stock worth $21,367,000 after buying an additional 44,690 shares during the period. US Bancorp DE increased its stake in A. Schulman by 23.4% during the 2nd quarter. US Bancorp DE now owns 3,486 shares of the basic materials company’s stock worth $111,000 after buying an additional 661 shares during the period. Russell Investments Group Ltd. increased its stake in A. Schulman by 9.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 457,029 shares of the basic materials company’s stock worth $14,625,000 after buying an additional 40,705 shares during the period. Finally, Strs Ohio increased its stake in A. Schulman by 6.5% during the 2nd quarter. Strs Ohio now owns 27,900 shares of the basic materials company’s stock worth $892,000 after buying an additional 1,700 shares during the period. 79.15% of the stock is currently owned by hedge funds and other institutional investors.

Shares of A. Schulman (NASDAQ SHLM) traded down $0.15 during mid-day trading on Thursday, hitting $37.00. 179,800 shares of the stock were exchanged, compared to its average volume of 261,766. A. Schulman has a fifty-two week low of $25.00 and a fifty-two week high of $39.85. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.09 and a current ratio of 1.68. The stock has a market cap of $1,095.92, a P/E ratio of 21.23, a PEG ratio of 1.83 and a beta of 1.57.

A. Schulman (NASDAQ:SHLM) last issued its earnings results on Wednesday, October 25th. The basic materials company reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.07. A. Schulman had a net margin of 1.35% and a return on equity of 31.20%. The business had revenue of $646.65 million for the quarter, compared to the consensus estimate of $624.91 million. During the same quarter last year, the firm posted $0.47 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. equities analysts forecast that A. Schulman will post 2.07 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “A. Schulman, Inc. (SHLM) Given Consensus Recommendation of “Buy” by Brokerages” was first posted by American Banking News and is the property of of American Banking News. If you are viewing this story on another site, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/12/07/a-schulman-inc-shlm-given-consensus-recommendation-of-buy-by-brokerages.html.

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.

Receive News & Ratings for A. Schulman Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A. Schulman Inc. and related companies with MarketBeat.com's FREE daily email newsletter.