A. Schulman, Inc. (SHLM) Raised to “Sell” at BidaskClub
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.
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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.
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