A. Schulman, Inc. (SHLM) Downgraded to Hold at ValuEngine
ValuEngine downgraded shares of A. Schulman, Inc. (NASDAQ:SHLM) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.
A number of other analysts have also issued reports on the company. Zacks Investment Research lowered A. Schulman from a hold rating to a sell rating in a research note on Wednesday, October 11th. BidaskClub upgraded A. Schulman from a sell rating to a hold rating in a research note on Saturday, August 26th. TheStreet upgraded A. Schulman from a c- rating to a b- rating in a research note on Tuesday, November 7th. SunTrust Banks, Inc. reiterated a hold rating on shares of A. Schulman in a research note on Friday, October 27th. 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 note on Friday, August 25th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. A. Schulman has a consensus rating of Buy and a consensus price target of $39.00.
Shares of A. Schulman (SHLM) opened at $37.12 on Tuesday. The stock has a market capitalization of $1,091.50, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 1.82 and a beta of 1.60. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.68 and a quick ratio of 1.09. A. Schulman has a one year low of $25.00 and a one year high of $39.85.
A. Schulman (NASDAQ:SHLM) last issued its 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 firm had revenue of $646.65 million for 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%. The business’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 earnings per share. equities research analysts predict that A. Schulman will post 2.07 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 24th were paid a dividend of $0.205 per share. The ex-dividend date was Monday, October 23rd. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.21%. A. Schulman’s payout ratio is 94.25%.
Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in shares of A. Schulman by 45,121.7% during the 1st quarter. BlackRock Inc. now owns 3,588,792 shares of the basic materials company’s stock valued at $112,868,000 after purchasing an additional 3,580,856 shares during the period. Vanguard Group Inc. raised its stake 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 valued at $92,346,000 after purchasing an additional 231,248 shares during the period. Deprince Race & Zollo Inc. grew its position in A. Schulman by 16.7% during the second quarter. Deprince Race & Zollo Inc. now owns 1,124,746 shares of the basic materials company’s stock worth $35,992,000 after buying an additional 160,832 shares in the last quarter. Northern Trust Corp grew its position in A. Schulman by 3.8% during the second quarter. Northern Trust Corp now owns 889,569 shares of the basic materials company’s stock worth $28,467,000 after buying an additional 32,566 shares in the last quarter. Finally, LSV Asset Management grew its position in A. Schulman by 11.7% during the second quarter. LSV Asset Management now owns 739,006 shares of the basic materials company’s stock worth $23,648,000 after buying an additional 77,691 shares in the last quarter. Institutional investors own 79.29% of the company’s stock.
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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