A Schulman (SHLM) Downgraded by Longbow Research

Longbow Research cut shares of A Schulman (NASDAQ:SHLM) from a buy rating to a neutral rating in a report published on Friday morning, Marketbeat Ratings reports.

A number of other research analysts have also recently commented on the stock. ValuEngine upgraded shares of A Schulman from a hold rating to a buy rating in a research report on Thursday, February 15th. Zacks Investment Research upgraded shares of A Schulman from a hold rating to a buy rating and set a $45.00 price target on the stock in a research report on Saturday, January 13th. TheStreet upgraded shares of A Schulman from a c+ rating to a b- rating in a research report on Tuesday, January 9th. SunTrust Banks increased their price target on shares of A Schulman from $32.00 to $37.00 and gave the company a hold rating in a research report on Monday, January 8th. Finally, BidaskClub upgraded shares of A Schulman from a sell rating to a hold rating in a research report on Thursday, December 21st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $39.67.

A Schulman (SHLM) opened at $42.70 on Friday. A Schulman has a 52-week low of $25.00 and a 52-week high of $43.35. The company has a debt-to-equity ratio of 4.01, a quick ratio of 0.98 and a current ratio of 1.61. The company has a market cap of $1,259.71, a P/E ratio of 33.89, a price-to-earnings-growth ratio of 1.98 and a beta of 1.52.

A Schulman (NASDAQ:SHLM) last issued its quarterly earnings results on Monday, January 8th. The basic materials company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.11. A Schulman had a net margin of 2.24% and a return on equity of 63.61%. The business had revenue of $674.60 million for the quarter, compared to analysts’ expectations of $639.10 million. During the same period last year, the business earned $0.49 earnings per share. The business’s quarterly revenue was up 12.4% on a year-over-year basis. equities research analysts predict that A Schulman will post 2.2 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Monday, January 15th were paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Thursday, January 11th. A Schulman’s dividend payout ratio (DPR) is presently 65.08%.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of A Schulman by 4.0% during the fourth quarter. BlackRock Inc. now owns 3,719,877 shares of the basic materials company’s stock valued at $138,566,000 after purchasing an additional 142,687 shares during the period. Vanguard Group Inc. boosted its stake in shares of A Schulman by 8.7% during the second quarter. Vanguard Group Inc. now owns 2,885,838 shares of the basic materials company’s stock valued at $92,346,000 after purchasing an additional 231,248 shares during the period. Northern Trust Corp boosted its stake in shares of A Schulman by 3.8% during the second quarter. Northern Trust Corp now owns 889,569 shares of the basic materials company’s stock valued at $28,467,000 after purchasing an additional 32,566 shares during the period. State Street Corp boosted its stake in shares of A Schulman by 3.5% during the second quarter. State Street Corp now owns 703,408 shares of the basic materials company’s stock valued at $22,506,000 after purchasing an additional 23,883 shares during the period. Finally, Glenhill Advisors LLC boosted its stake in shares of A Schulman by 11.8% during the fourth quarter. Glenhill Advisors LLC now owns 679,603 shares of the basic materials company’s stock valued at $25,315,000 after purchasing an additional 71,788 shares during the period. 80.31% of the stock is owned by hedge funds and other 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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