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

SHLM has been the topic of a number of other research reports. ValuEngine cut shares of A. Schulman from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Zacks Investment Research raised shares of A. Schulman from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $33.00.

Shares of A. Schulman (NASDAQ:SHLM) opened at 28.10 on Thursday. A. Schulman has a 1-year low of $22.76 and a 1-year high of $37.70. The firm’s market cap is $826.70 million. The firm has a 50 day moving average price of $28.38 and a 200 day moving average price of $30.43.

A. Schulman (NASDAQ:SHLM) last released its quarterly earnings data 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 company had revenue of $645.80 million for the quarter, compared to the consensus estimate of $619.54 million. A. Schulman had a positive return on equity of 35.64% and a negative net margin of 14.86%. A. Schulman’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the company earned $0.79 EPS. Analysts anticipate that A. Schulman will post $1.65 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This news story was first reported by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be accessed at https://www.dailypolitical.com/2017/08/17/a-schulman-inc-shlm-raised-to-sell-at-bidaskclub.html.

Several large investors have recently bought and sold shares of the company. Renaissance Technologies LLC acquired a new stake in A. Schulman during the fourth quarter worth $975,000. Norges Bank acquired a new stake in A. Schulman during the fourth quarter worth $13,181,000. Teachers Advisors LLC raised its stake in A. Schulman by 8.6% in the fourth quarter. Teachers Advisors LLC now owns 49,876 shares of the basic materials company’s stock worth $1,668,000 after buying an additional 3,953 shares in the last quarter. Capstone Asset Management Co. raised its stake in A. Schulman by 8.4% in the first quarter. Capstone Asset Management Co. now owns 7,707 shares of the basic materials company’s stock worth $242,000 after buying an additional 598 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in A. Schulman by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 12,000 shares of the basic materials company’s stock worth $377,000 after buying an additional 200 shares in the last quarter. 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.

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.