A. Schulman (SHLM) Upgraded to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of A. Schulman (NASDAQ:SHLM) from a hold rating to a buy rating in a research note issued to investors on Friday. The brokerage currently has $41.00 price target on the basic materials company’s stock.

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. “

SHLM has been the subject of several other research reports. ValuEngine downgraded shares of A. Schulman from a buy rating to a hold rating in a report on Tuesday, November 14th. Longbow Research raised shares of A. Schulman from a neutral rating to a buy rating and set a $37.00 target price for the company in a report on Friday, August 25th. BidaskClub downgraded shares of A. Schulman from a hold rating to a sell rating in a report on Saturday, December 9th. TheStreet downgraded shares of A. Schulman from a b- rating to a c+ rating in a report on Wednesday, December 6th. Finally, SunTrust Banks reaffirmed a hold rating on shares of A. Schulman in a report on Friday, October 27th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $39.00.

Shares of A. Schulman (NASDAQ SHLM) traded down $0.40 during trading on Friday, reaching $36.80. 63,208 shares of the company traded hands, compared to its average volume of 192,397. The company has a market cap of $1,097.40, a P/E ratio of 42.30, a P/E/G ratio of 1.83 and a beta of 1.57. 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 for the quarter, topping the consensus estimate of $0.25 by $0.07. The company had revenue of $646.65 million during the quarter, compared to the consensus estimate of $624.91 million. A. Schulman had a net margin of 1.35% and a return on equity of 31.20%. A. Schulman’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 EPS. analysts anticipate that A. Schulman will post 2.07 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its holdings in shares of A. Schulman by 1.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,854 shares of the basic materials company’s stock valued at $156,000 after purchasing an additional 50 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of A. Schulman by 2.3% during the 2nd quarter. Gamco Investors INC. ET AL now owns 18,000 shares of the basic materials company’s stock valued at $576,000 after purchasing an additional 400 shares during the last quarter. US Bancorp DE boosted its holdings in shares of A. Schulman by 23.4% during the 2nd quarter. US Bancorp DE now owns 3,486 shares of the basic materials company’s stock valued at $111,000 after purchasing an additional 661 shares during the last quarter. Teachers Advisors LLC boosted its holdings in shares of A. Schulman by 1.4% during the 2nd quarter. Teachers Advisors LLC now owns 53,069 shares of the basic materials company’s stock valued at $1,698,000 after purchasing an additional 725 shares during the last quarter. Finally, Voya Investment Management LLC boosted its holdings in shares of A. Schulman by 8.1% during the 2nd quarter. Voya Investment Management LLC now owns 14,997 shares of the basic materials company’s stock valued at $480,000 after purchasing an additional 1,125 shares during the last quarter. 78.94% of the stock is 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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