A Schulman (SHLM) Raised 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 report issued on Saturday morning. Zacks Investment Research currently has $45.00 price objective 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. “

Other equities analysts also recently issued reports about the company. TheStreet upgraded A Schulman from a c+ rating to a b- rating in a research note on Tuesday, January 9th. ValuEngine downgraded A Schulman from a buy rating to a hold rating in a research note on Tuesday, November 14th. SunTrust Banks restated a hold rating on shares of A Schulman in a research note on Friday, October 27th. Finally, BidaskClub upgraded A Schulman from a sell rating to a hold rating in a research note on Thursday, December 21st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $39.67.

A Schulman (NASDAQ SHLM) traded down $0.95 during trading hours on Friday, reaching $38.30. The company had a trading volume of 184,100 shares, compared to its average volume of 221,960. The firm has a market capitalization of $1,157.93, a P/E ratio of 30.40, a price-to-earnings-growth ratio of 1.88 and a beta of 1.58. A Schulman has a fifty-two week low of $25.00 and a fifty-two week high of $40.95. The company has a quick ratio of 0.98, a current ratio of 1.61 and a debt-to-equity ratio of 4.01.

A Schulman (NASDAQ:SHLM) last posted its quarterly earnings results on Monday, January 8th. The basic materials company reported $0.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.11. A Schulman had a return on equity of 28.45% and a net margin of 1.78%. The business had revenue of $674.60 million during the quarter, compared to the consensus estimate of $639.10 million. During the same period last year, the firm earned $0.49 earnings per share. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. analysts expect that A Schulman will post 2.13 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Monday, January 15th will be paid a $0.205 dividend. The ex-dividend date is Thursday, January 11th. This represents a $0.82 dividend on an annualized basis and a yield of 2.14%. A Schulman’s payout ratio is currently 65.08%.

A number of hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its stake 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 during the period. Teachers Advisors LLC raised its holdings in shares of A Schulman by 1.4% during the second quarter. Teachers Advisors LLC now owns 53,069 shares of the basic materials company’s stock valued at $1,698,000 after buying an additional 725 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of A Schulman by 8.1% during the second quarter. Voya Investment Management LLC now owns 14,997 shares of the basic materials company’s stock valued at $480,000 after buying an additional 1,125 shares during the last quarter. Stevens Capital Management LP raised its holdings in shares of A Schulman by 5.6% during the second quarter. Stevens Capital Management LP now owns 22,619 shares of the basic materials company’s stock valued at $724,000 after buying an additional 1,198 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its holdings in shares of A Schulman by 7.6% during the second quarter. Thrivent Financial For Lutherans now owns 17,920 shares of the basic materials company’s stock valued at $573,000 after buying an additional 1,270 shares during the last quarter. Institutional investors own 78.94% of the company’s stock.

WARNING: This piece of content was originally reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright legislation. The correct version of this piece of content can be read at https://www.truebluetribune.com/2018/01/17/a-schulman-shlm-raised-to-buy-at-zacks-investment-research.html.

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.

Get a free copy of the Zacks research report on A Schulman (SHLM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for A Schulman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A Schulman and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply