A. Schulman (SHLM) Rating Lowered to C+ at TheStreet

A. Schulman (NASDAQ:SHLM) was downgraded by stock analysts at TheStreet from a “b-” rating to a “c+” rating in a research report issued on Wednesday.

A number of other research analysts have also recently commented on SHLM. ValuEngine raised shares of A. Schulman from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. BidaskClub raised shares of A. Schulman from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 17th. Zacks Investment Research cut shares of A. Schulman from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 24th. Longbow Research raised shares of A. Schulman from a “neutral” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Friday, August 25th. Finally, SunTrust Banks reissued a “hold” rating on shares of A. Schulman in a research report on Friday, October 27th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $39.00.

A. Schulman (NASDAQ SHLM) traded down $0.25 during midday trading on Wednesday, reaching $36.75. 203,000 shares of the company’s stock were exchanged, compared to its average volume of 261,517. A. Schulman has a 52 week low of $25.00 and a 52 week high of $39.85. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.68 and a quick ratio of 1.09. The firm has a market capitalization of $1,091.50, a PE ratio of 21.14, a P/E/G ratio of 1.82 and a beta of 1.57.

A. Schulman (NASDAQ:SHLM) last posted its earnings results on Wednesday, October 25th. The basic materials company reported $0.32 EPS for the quarter, beating the Zacks’ 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 company had revenue of $646.65 million for the quarter, compared to analysts’ expectations of $624.91 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. A. Schulman’s revenue for the quarter was up 7.0% compared to the same quarter last year. equities research analysts anticipate that A. Schulman will post 2.07 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of A. Schulman during the third quarter worth about $111,000. US Bancorp DE lifted its position in shares of A. Schulman by 23.4% during the second quarter. US Bancorp DE now owns 3,486 shares of the basic materials company’s stock worth $111,000 after purchasing an additional 661 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in A. Schulman by 1.0% in the second quarter. PNC Financial Services Group Inc. now owns 4,854 shares of the basic materials company’s stock valued at $156,000 after acquiring an additional 50 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in A. Schulman in the third quarter valued at approximately $202,000. Finally, NJ State Employees Deferred Compensation Plan acquired a new stake in A. Schulman in the third quarter valued at approximately $205,000. 79.15% of the stock is currently owned by institutional investors and hedge funds.

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About A. Schulman

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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