A. Schulman (SHLM) Lifted to “Hold” at BidaskClub

BidaskClub upgraded shares of A. Schulman (NASDAQ:SHLM) from a sell rating to a hold rating in a research note released on Thursday.

Several other equities analysts have also recently issued reports on SHLM. Zacks Investment Research upgraded A. Schulman from a sell rating to a strong-buy rating and set a $41.00 target price on the stock in a research report on Saturday, October 21st. ValuEngine cut A. Schulman from a buy rating to a hold rating in a research report on Monday, August 28th. SunTrust Banks reiterated a hold rating on shares of A. Schulman in a research report on Friday, October 27th. Longbow Research upgraded A. Schulman from a neutral rating to a buy rating and set a $37.00 target price on the stock in a research report on Friday, August 25th. Finally, TheStreet upgraded A. Schulman from a c- rating to a b- rating in a research report on Tuesday, November 7th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. A. Schulman has an average rating of Hold and a consensus price target of $39.00.

A. Schulman (NASDAQ:SHLM) opened at $36.80 on Thursday. The stock has a market capitalization of $1,097.40, a PE ratio of 42.30, a P/E/G ratio of 1.83 and a beta of 1.57. 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.

A. Schulman (NASDAQ:SHLM) last issued its quarterly 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 analysts’ expectations of $624.91 million. A. Schulman had a return on equity of 31.20% and a net margin of 1.35%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 EPS. equities analysts expect 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 SHLM. Royce & Associates LP grew its holdings in shares of A. Schulman by 77.2% in the 2nd quarter. Royce & Associates LP now owns 559,015 shares of the basic materials company’s stock worth $17,888,000 after acquiring an additional 243,479 shares during the period. Vanguard Group Inc. grew its holdings in shares of A. Schulman by 8.7% in the 2nd quarter. Vanguard Group Inc. now owns 2,885,838 shares of the basic materials company’s stock worth $92,346,000 after acquiring an additional 231,248 shares during the period. Koch Industries Inc. acquired a new stake in shares of A. Schulman in the 2nd quarter worth approximately $217,000. Goldman Sachs Group Inc. grew its holdings in shares of A. Schulman by 294.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 280,629 shares of the basic materials company’s stock worth $8,980,000 after acquiring an additional 209,446 shares during the period. Finally, Gamco Investors INC. ET AL lifted its stake in A. Schulman by 952.8% in the 3rd quarter. Gamco Investors INC. ET AL now owns 189,500 shares of the basic materials company’s stock valued at $6,471,000 after buying an additional 171,500 shares in the last quarter. Institutional investors and hedge funds own 78.94% of the company’s stock.

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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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