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.

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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.

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

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