A Schulman (NASDAQ:SHLM) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
Several other research firms have also weighed in on SHLM. Zacks Investment Research upgraded A Schulman from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Wednesday, March 7th. Longbow Research lowered A Schulman from a “buy” rating to a “neutral” rating in a research report on Friday, February 16th. Gabelli lowered A Schulman from a “buy” rating to a “hold” rating in a research report on Friday, February 16th. ValuEngine raised A Schulman from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. Finally, SunTrust Banks boosted their target price on A Schulman from $32.00 to $37.00 and gave the stock a “hold” rating in a report on Monday, January 8th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $41.00.
A Schulman (NASDAQ:SHLM) traded up $0.15 during midday trading on Wednesday, hitting $43.30. The company had a trading volume of 290,490 shares, compared to its average volume of 432,880. 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 has a one year low of $25.00 and a one year high of $43.88. The company has a market capitalization of $1,284.78, a price-to-earnings ratio of 34.38, a PEG ratio of 2.02 and a beta of 1.32.
Institutional investors have recently added to or reduced their stakes in the business. Convergence Investment Partners LLC bought a new stake in A Schulman in the fourth quarter worth $929,000. Highbridge Capital Management LLC boosted its holdings 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 worth $3,512,000 after acquiring an additional 66,976 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in A Schulman in the third quarter worth $432,000. Quantbot Technologies LP bought a new stake in A Schulman in the third quarter worth $368,000. Finally, American Century Companies Inc. bought a new stake in A Schulman in the third quarter worth $2,133,000. 87.87% of the stock is currently owned by institutional investors and hedge funds.
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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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