TheStreet downgraded shares of A. Schulman (NASDAQ:SHLM) from a b- rating to a c+ rating in a research report released on Wednesday morning.

A number of other research analysts have also issued reports on the company. ValuEngine lowered A. Schulman from a buy rating to a hold rating in a report on Tuesday, November 14th. SunTrust Banks reaffirmed a hold rating on shares of A. Schulman in a report on Friday, October 27th. Zacks Investment Research raised A. Schulman from a sell rating to a strong-buy rating and set a $41.00 target price on the stock in a report on Saturday, October 21st. BidaskClub raised A. Schulman from a sell rating to a hold rating in a report on Saturday, August 26th. Finally, Longbow Research raised A. Schulman from a neutral rating to a buy rating and set a $37.00 target price on the stock in a report on Friday, August 25th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $39.00.

Shares of A. Schulman (NASDAQ SHLM) traded down $0.25 during midday trading on Wednesday, hitting $36.75. 203,000 shares of the company were exchanged, compared to its average volume of 261,517. A. Schulman has a fifty-two week low of $25.00 and a fifty-two week high of $39.85. The company has a current ratio of 1.68, a quick ratio of 1.09 and a debt-to-equity ratio of 4.28. The company 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 released its earnings results on Wednesday, October 25th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.07. The firm had revenue of $646.65 million for the quarter, compared to analyst estimates of $624.91 million. A. Schulman had a return on equity of 31.20% and a net margin of 1.35%. A. Schulman’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.47 earnings per share. analysts expect that A. Schulman will post 2.07 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in 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 purchasing an additional 231,248 shares in the last quarter. Deprince Race & Zollo Inc. increased its stake in A. Schulman by 16.7% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,124,746 shares of the basic materials company’s stock worth $35,992,000 after purchasing an additional 160,832 shares in the last quarter. Northern Trust Corp increased its stake in A. Schulman by 3.8% in the 2nd quarter. Northern Trust Corp now owns 889,569 shares of the basic materials company’s stock worth $28,467,000 after purchasing an additional 32,566 shares in the last quarter. LSV Asset Management increased its stake in A. Schulman by 11.7% in the 2nd quarter. LSV Asset Management now owns 739,006 shares of the basic materials company’s stock worth $23,648,000 after purchasing an additional 77,691 shares in the last quarter. Finally, State Street Corp increased its stake in A. Schulman by 3.5% in the 2nd quarter. State Street Corp now owns 703,408 shares of the basic materials company’s stock worth $22,506,000 after purchasing an additional 23,883 shares in the last quarter. 79.15% of the stock is currently owned by hedge funds and other institutional investors.

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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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