A. Schulman (NASDAQ:SHLM) Rating Lowered to Hold at ValuEngine

ValuEngine downgraded shares of A. Schulman (NASDAQ:SHLM) from a buy rating to a hold rating in a report published on Tuesday, November 14th.

A number of other equities analysts have also weighed in on the company. TheStreet raised A. Schulman from a c- rating to a b- rating in a research note on Tuesday, November 7th. SunTrust Banks reissued a hold rating on shares of A. Schulman in a research note on Friday, October 27th. Zacks Investment Research upgraded A. Schulman from a sell rating to a strong-buy rating and set a $41.00 price objective on the stock in a research report on Saturday, October 21st. BidaskClub upgraded A. Schulman from a sell rating to a hold rating in a research report on Saturday, August 26th. Finally, Longbow Research upgraded A. Schulman from a neutral rating to a buy rating and set a $37.00 price objective on the stock in a research report on Friday, August 25th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. A. Schulman has a consensus rating of Buy and a consensus price target of $39.00.

A. Schulman (SHLM) traded up $0.05 during trading on Tuesday, reaching $38.00. The company had a trading volume of 166,575 shares, compared to its average volume of 155,807. A. Schulman has a 12 month low of $25.00 and a 12 month high of $39.85. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.09 and a current ratio of 1.68. The stock has a market capitalization of $1,121.00, a PE ratio of 21.71, a PEG ratio of 1.87 and a beta of 1.58.

A. Schulman (NASDAQ:SHLM) last released its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.07. The business had revenue of $646.65 million during the quarter, compared to analyst estimates of $624.91 million. A. Schulman had a return on equity of 31.20% and a net margin of 1.35%. A. Schulman’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.47 earnings per share. equities research analysts anticipate that A. Schulman will post 2.07 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in SHLM. Royce & Associates LP boosted its position in shares of A. Schulman by 77.2% in the 2nd quarter. Royce & Associates LP now owns 559,015 shares of the basic materials company’s stock worth $17,888,000 after purchasing an additional 243,479 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of A. Schulman in the 2nd quarter worth $1,633,000. Guyasuta Investment Advisors Inc. boosted its position in shares of A. Schulman by 13.0% in the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 34,815 shares of the basic materials company’s stock worth $1,114,000 after purchasing an additional 4,000 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of A. Schulman by 38.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,899 shares of the basic materials company’s stock worth $381,000 after purchasing an additional 3,323 shares in the last quarter. Finally, Alpha Windward LLC purchased a new position in A. Schulman in the 3rd quarter worth $535,000. 79.33% of the stock is currently owned by institutional investors and hedge funds.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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