A Schulman (SHLM) Downgraded by BidaskClub

BidaskClub lowered shares of A Schulman (NASDAQ:SHLM) from a buy rating to a hold rating in a research report sent to investors on Friday morning.

Other analysts also recently issued reports about the company. Zacks Investment Research raised A Schulman from a hold rating to a buy rating and set a $49.00 target price for the company in a research note on Wednesday, March 14th. SunTrust Banks raised their target price on A Schulman from $32.00 to $37.00 and gave the stock a hold rating in a research note on Monday, January 8th. Longbow Research downgraded A Schulman from a buy rating to a neutral rating in a research note on Friday, February 16th. Gabelli downgraded A Schulman from a buy rating to a hold rating in a research note on Friday, February 16th. Finally, TheStreet raised A Schulman from a c+ rating to a b- rating in a research note on Tuesday, January 9th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. A Schulman presently has an average rating of Hold and a consensus price target of $41.00.

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Shares of SHLM opened at $42.95 on Friday. A Schulman has a 52-week low of $25.00 and a 52-week high of $43.88. The firm has a market capitalization of $1,268.10, a price-to-earnings ratio of 24.54, a P/E/G ratio of 1.99 and a beta of 1.33. The company has a debt-to-equity ratio of 4.15, a current ratio of 1.79 and a quick ratio of 1.09.

A Schulman (NASDAQ:SHLM) last issued its earnings results on Monday, January 8th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.11. A Schulman had a return on equity of 20.83% and a net margin of 1.74%. The business had revenue of $674.60 million during the quarter, compared to the consensus estimate of $639.10 million. During the same period last year, the company earned $0.49 EPS. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. sell-side analysts forecast that A Schulman will post 2.21 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Friday, April 13th will be given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Thursday, April 12th. A Schulman’s payout ratio is 46.86%.

Several large investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of A Schulman by 4.0% during the 4th quarter. BlackRock Inc. now owns 3,719,877 shares of the basic materials company’s stock worth $138,566,000 after purchasing an additional 142,687 shares during the last quarter. Glenhill Advisors LLC increased its position in shares of A Schulman by 11.8% during the 4th quarter. Glenhill Advisors LLC now owns 679,603 shares of the basic materials company’s stock worth $25,315,000 after purchasing an additional 71,788 shares during the last quarter. Royce & Associates LP increased its position in shares of A Schulman by 4.4% during the 4th quarter. Royce & Associates LP now owns 556,483 shares of the basic materials company’s stock worth $20,729,000 after purchasing an additional 23,268 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of A Schulman by 0.3% during the 4th quarter. Bank of New York Mellon Corp now owns 427,715 shares of the basic materials company’s stock worth $15,933,000 after purchasing an additional 1,418 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of A Schulman by 154.3% during the 4th quarter. Renaissance Technologies LLC now owns 423,741 shares of the basic materials company’s stock worth $15,784,000 after purchasing an additional 257,100 shares during the last quarter. 87.87% of the stock is owned by hedge funds and other institutional investors.

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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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