A Schulman (SHLM) Cut to “Hold” at Zacks Investment Research

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

According to Zacks, “A. Schulman is a leading international supplier of high-performance plastic compounds, composites and resins, which are used in a variety of markets. The company’s principal product lines consist of proprietary and custom-formulated engineered plastic compounds, engineered composites, color concentrates and additives that improve the appearance, performance or ability to process plastics in a number of specialized applications. “

Several other equities research analysts have also recently issued reports on the company. TheStreet upgraded A Schulman from a “c+” rating to a “b-” rating in a report on Tuesday, January 9th. BidaskClub upgraded A Schulman from a “hold” rating to a “buy” rating in a report on Saturday. ValuEngine upgraded A Schulman from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. SunTrust Banks reiterated a “hold” rating on shares of A Schulman in a report on Friday, October 27th. Finally, Gabelli cut A Schulman from a “buy” rating to a “hold” rating in a report on Friday, February 16th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $39.67.

A Schulman (NASDAQ:SHLM) opened at $43.40 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 1.61 and a debt-to-equity ratio of 4.01. A Schulman has a 52 week low of $25.00 and a 52 week high of $43.45. The firm has a market capitalization of $1,259.71, a PE ratio of 34.44, a P/E/G ratio of 1.98 and a beta of 1.52.

A Schulman (NASDAQ:SHLM) last announced its quarterly earnings results on Monday, January 8th. The basic materials company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.11. A Schulman had a return on equity of 28.45% and a net margin of 1.78%. The firm had revenue of $674.60 million during the quarter, compared to analyst estimates of $639.10 million. During the same quarter in the previous year, the business earned $0.49 EPS. A Schulman’s revenue for the quarter was up 12.4% compared to the same quarter last year. research analysts forecast that A Schulman will post 2.2 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of SHLM. Renaissance Technologies LLC boosted its holdings in A Schulman by 154.3% in the 4th quarter. Renaissance Technologies LLC now owns 423,741 shares of the basic materials company’s stock worth $15,784,000 after buying an additional 257,100 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of A Schulman by 8.7% during the 2nd quarter. Vanguard Group Inc. now owns 2,885,838 shares of the basic materials company’s stock worth $92,346,000 after purchasing an additional 231,248 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of A Schulman by 277.6% during the 4th quarter. American Century Companies Inc. now owns 235,782 shares of the basic materials company’s stock worth $8,783,000 after purchasing an additional 173,332 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of A Schulman by 952.8% during the 3rd quarter. Gamco Investors INC. ET AL now owns 189,500 shares of the basic materials company’s stock worth $6,471,000 after purchasing an additional 171,500 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of A Schulman by 438.3% during the 4th quarter. Millennium Management LLC now owns 205,644 shares of the basic materials company’s stock worth $7,660,000 after purchasing an additional 167,444 shares during the last quarter. Institutional investors own 80.31% of the company’s stock.

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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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