Zacks Investment Research Downgrades A. Schulman (SHLM) to Hold

A. Schulman (NASDAQ:SHLM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Schulman Inc. operates in one industry segment which is the sale of plastic resins to customers who use the products as raw materials in their manufacturing operations. The Company purchases plastic resins and other materials which either can be sold directly to customers or used by the Company in the manufacture of other products for sale to customers. All of the products which the Company sells are used for the same purpose–as raw material to be molded or extruded by the Company’s customers. “

Other research analysts have also recently issued research reports about the company. BidaskClub upgraded A. Schulman from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 17th. SunTrust Banks reiterated a “hold” rating on shares of A. Schulman in a research note on Friday, October 27th. ValuEngine lowered A. Schulman from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. TheStreet raised A. Schulman from a “c-” rating to a “b-” rating in a report on Tuesday, November 7th. Finally, Longbow Research raised A. Schulman from a “neutral” rating to a “buy” rating and set a $37.00 target price for the company in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $39.00.

A. Schulman (NASDAQ SHLM) opened at $36.70 on Tuesday. The company has a market capitalization of $1,073.80, a P/E ratio of 20.80, a PEG ratio of 1.79 and a beta of 1.57. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.68 and a quick ratio of 1.09. A. Schulman has a one year low of $25.00 and a one year high of $39.85.

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

Several institutional investors and hedge funds have recently modified their holdings of SHLM. Royce & Associates LP grew its holdings in shares of A. Schulman by 77.2% in the second quarter. Royce & Associates LP now owns 559,015 shares of the basic materials company’s stock worth $17,888,000 after acquiring an additional 243,479 shares during the period. Vanguard Group Inc. grew its holdings in shares of A. Schulman by 8.7% in the second quarter. Vanguard Group Inc. now owns 2,885,838 shares of the basic materials company’s stock worth $92,346,000 after acquiring an additional 231,248 shares during the period. Koch Industries Inc. bought a new stake in shares of A. Schulman in the second quarter worth $217,000. Goldman Sachs Group Inc. grew its holdings in shares of A. Schulman by 294.2% in the second quarter. Goldman Sachs Group Inc. now owns 280,629 shares of the basic materials company’s stock worth $8,980,000 after acquiring an additional 209,446 shares during the period. Finally, Gamco Investors INC. ET AL grew its holdings in shares of A. Schulman by 952.8% in the third quarter. Gamco Investors INC. ET AL now owns 189,500 shares of the basic materials company’s stock worth $6,471,000 after acquiring an additional 171,500 shares during the period. 79.15% of the stock is owned by institutional investors.

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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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