Shares of A Schulman Inc (NASDAQ:SHLM) have earned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $37.00.
SHLM has been the subject of a number of research reports. TheStreet upgraded A Schulman from a “c+” rating to a “b-” rating in a research report on Tuesday, January 9th. ValuEngine upgraded A Schulman from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. Zacks Investment Research upgraded A Schulman from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Saturday, January 13th. BidaskClub upgraded A Schulman from a “hold” rating to a “buy” rating in a research report on Saturday, February 17th. Finally, Gabelli downgraded A Schulman from a “buy” rating to a “hold” rating in a research report on Friday, February 16th.
Shares of NASDAQ SHLM traded up $0.35 during midday trading on Wednesday, reaching $43.10. 67,227 shares of the stock traded hands, compared to its average volume of 415,214. The company has a debt-to-equity ratio of 4.15, a quick ratio of 1.09 and a current ratio of 1.79. The company has a market capitalization of $1,262.21, a P/E ratio of 24.43 and a beta of 1.33. A Schulman has a one year low of $25.00 and a one year high of $43.88.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Friday, April 13th will be given a $0.205 dividend. The ex-dividend date is Thursday, April 12th. This represents a $0.82 dividend on an annualized basis and a yield of 1.90%. A Schulman’s dividend payout ratio is presently 46.86%.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. MetLife Investment Advisors LLC bought a new stake in A Schulman in the fourth quarter worth $473,000. Millennium Management LLC lifted its position in A Schulman by 438.3% in the fourth quarter. Millennium Management LLC now owns 205,644 shares of the basic materials company’s stock worth $7,660,000 after buying an additional 167,444 shares during the last quarter. Cornerstone Capital Management Holdings LLC. bought a new stake in A Schulman in the fourth quarter worth $971,000. Two Sigma Advisers LP lifted its position in A Schulman by 64.1% in the fourth quarter. Two Sigma Advisers LP now owns 107,876 shares of the basic materials company’s stock worth $4,018,000 after buying an additional 42,124 shares during the last quarter. Finally, Stone Ridge Asset Management LLC bought a new stake in A Schulman in the fourth quarter worth $331,000. Institutional investors own 87.81% 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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