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

Zacks Investment Research lowered shares of A. Schulman (NASDAQ:SHLM) from a buy rating to a hold rating in a report released on Tuesday morning.

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. “

SHLM has been the topic of several other reports. TheStreet lowered shares of A. Schulman from a b- rating to a c+ rating in a research report on Wednesday, December 6th. BidaskClub upgraded shares of A. Schulman from a sell rating to a hold rating in a research report on Thursday, December 21st. ValuEngine lowered shares of A. Schulman from a buy rating to a hold rating in a report on Tuesday, November 14th. Finally, SunTrust Banks restated a hold rating on shares of A. Schulman in a report on Friday, October 27th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. A. Schulman has a consensus rating of Hold and a consensus price target of $39.00.

A. Schulman (NASDAQ SHLM) traded up $0.65 during trading on Tuesday, hitting $38.75. 153,800 shares of the company traded hands, compared to its average volume of 179,367. A. Schulman has a 1-year low of $25.00 and a 1-year high of $39.85. The company has a quick ratio of 1.09, a current ratio of 1.68 and a debt-to-equity ratio of 4.28. The stock has a market cap of $1,123.95, a price-to-earnings ratio of 44.54, a PEG ratio of 1.88 and a beta of 1.58.

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

Large investors have recently added to or reduced their stakes in the business. Marshall Wace North America L.P. purchased a new position in A. Schulman in the 2nd quarter valued at about $1,633,000. BNP Paribas Arbitrage SA lifted its holdings in 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 valued at $381,000 after purchasing an additional 3,323 shares in the last quarter. Alpha Windward LLC purchased a new position in A. Schulman in the 3rd quarter valued at about $535,000. Stifel Financial Corp lifted its holdings in A. Schulman by 16.0% in the 2nd quarter. Stifel Financial Corp now owns 199,682 shares of the basic materials company’s stock valued at $6,383,000 after purchasing an additional 27,562 shares in the last quarter. Finally, Laurion Capital Management LP purchased a new position in A. Schulman in the 2nd quarter valued at about $251,000. Institutional investors own 78.94% of the company’s stock.

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A. Schulman Company Profile

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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