Zacks Investment Research lowered shares of A Schulman (NASDAQ:SHLM) from a buy rating to a hold rating in a research report sent to investors 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. “

How to Become a New Pot Stock Millionaire

A number of other brokerages also recently issued reports on SHLM. 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. BidaskClub raised A Schulman from a sell rating to a hold rating in a research report on Thursday, December 21st. Gabelli downgraded A Schulman from a buy rating to a hold rating in a research report on Friday, February 16th. TheStreet downgraded A Schulman from a b- rating to a c+ rating in a research report on Wednesday, December 6th. Finally, Longbow Research downgraded A Schulman from a buy rating to a neutral rating in a research report on Friday, February 16th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $41.00.

Shares of A Schulman (SHLM) opened at $43.15 on Tuesday. A Schulman has a 52 week low of $25.00 and a 52 week high of $43.88. The stock has a market capitalization of $1,284.78, a price-to-earnings ratio of 24.06, a price-to-earnings-growth ratio of 2.02 and a beta of 1.32. The company has a quick ratio of 0.98, a current ratio of 1.61 and a debt-to-equity ratio of 4.01.

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 28.45% and a net margin of 1.78%. 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 anticipate that A Schulman will post 2.2 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of SHLM. 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. American Century Companies Inc. increased its position in shares of A Schulman by 277.6% during the 4th quarter. American Century Companies Inc. now owns 235,782 shares of the basic materials company’s stock worth $8,783,000 after purchasing an additional 173,332 shares during the last quarter. Millennium Management LLC increased its position in shares of A Schulman by 438.3% during the 4th quarter. Millennium Management LLC now owns 205,644 shares of the basic materials company’s stock worth $7,660,000 after purchasing an additional 167,444 shares during the last quarter. 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. Finally, Deutsche Bank AG increased its position in shares of A Schulman by 96.5% during the 4th quarter. Deutsche Bank AG now owns 242,370 shares of the basic materials company’s stock worth $9,026,000 after purchasing an additional 119,005 shares during the last quarter. 87.87% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “A Schulman (SHLM) Rating Lowered to Hold at Zacks Investment Research” was posted by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another site, it was illegally stolen and reposted in violation of international trademark & copyright law. The legal version of this report can be read at https://www.dailypolitical.com/2018/03/14/a-schulman-shlm-rating-lowered-to-hold-at-zacks-investment-research.html.

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.

Get a free copy of the Zacks research report on A Schulman (SHLM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for A Schulman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A Schulman and related companies with MarketBeat.com's FREE daily email newsletter.