A Schulman (NASDAQ: SHLM) was downgraded by equities research analysts at Longbow Research from a “neutral” rating to a “sell” rating in a research note issued to investors on Wednesday. They currently have a $16.00 price target on the stock.
Separately, analysts at Northcoast Research downgraded shares of A Schulman from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, May 24th.
A Schulman traded down 4.91% on Wednesday, hitting $19.93. A Schulman has a 52-week low of $16.16 and a 52-week high of $28.00. The company has a market cap of $585.8 million and a price-to-earnings ratio of 13.33.
A Schulman last posted its quarterly earnings results on Wednesday, April 4th. The company reported $0.38 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.44 by $0.06. A Schulman’s revenue was down 2.4% compared to the same quarter last year. Analysts expect that A Schulman will post $0.54 EPS next quarter.
A. Schulman, Inc. (A. Schulman) is a supplier of plastic compounds and resins. The Company’s customers span a range of markets including consumer products, industrial, automotive and packaging.