A. Schulman, Inc. (SHLM) Stock Rating Lowered by ValuEngine
A. Schulman, Inc. (NASDAQ:SHLM) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Monday.
Several other equities analysts also recently commented on SHLM. Zacks Investment Research downgraded shares of A. Schulman from a “hold” rating to a “strong sell” rating in a report on Thursday, August 24th. BidaskClub upgraded shares of A. Schulman from a “strong sell” rating to a “sell” rating in a report on Thursday, August 17th. Finally, Longbow Research upgraded shares of A. Schulman from a “neutral” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. A. Schulman presently has an average rating of “Hold” and an average target price of $35.33.
Shares of A. Schulman (NASDAQ SHLM) opened at 30.90 on Monday. A. Schulman has a 12 month low of $24.35 and a 12 month high of $37.70. The stock’s market capitalization is $909.08 million. The company’s 50-day moving average is $28.33 and its 200-day moving average is $30.23.
A. Schulman (NASDAQ:SHLM) last released its quarterly earnings data on Wednesday, June 28th. The basic materials company reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.02. A. Schulman had a negative net margin of 14.86% and a positive return on equity of 35.64%. The company had revenue of $645.80 million during the quarter, compared to analyst estimates of $619.54 million. During the same quarter in the prior year, the firm earned $0.79 earnings per share. A. Schulman’s revenue for the quarter was down .7% on a year-over-year basis. Equities research analysts expect that A. Schulman will post $1.66 earnings per share for the current fiscal year.
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Several institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue increased its position in A. Schulman by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 3,250 shares of the basic materials company’s stock valued at $102,000 after buying an additional 90 shares in the last quarter. US Bancorp DE increased its position in A. Schulman by 23.4% in the second quarter. US Bancorp DE now owns 3,486 shares of the basic materials company’s stock valued at $111,000 after buying an additional 661 shares during the period. PNC Financial Services Group Inc. increased its position 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 buying an additional 50 shares during the period. Piedmont Investment Advisors LLC acquired a new position in A. Schulman during the second quarter valued at approximately $204,000. Finally, Mason Street Advisors LLC increased its position in A. Schulman by 7.3% in the first quarter. Mason Street Advisors LLC now owns 6,882 shares of the basic materials company’s stock valued at $216,000 after buying an additional 471 shares during the period. Hedge funds and other institutional investors own 84.22% 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.
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