Stericycle (NASDAQ:SRCL – Get Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.
A number of other research analysts have also weighed in on SRCL. Robert W. Baird dropped their target price on Stericycle from $77.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, February 25th. Zacks Investment Research lowered Stericycle from a “hold” rating to a “sell” rating and set a $62.00 target price on the stock. in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $67.00.
Shares of NASDAQ:SRCL opened at $58.05 on Friday. The business’s 50 day simple moving average is $58.60 and its two-hundred day simple moving average is $62.64. The firm has a market cap of $5.34 billion, a P/E ratio of -187.25, a PEG ratio of 3.00 and a beta of 1.33. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.83 and a current ratio of 0.79. Stericycle has a 52-week low of $53.25 and a 52-week high of $79.97.
Stericycle (NASDAQ:SRCL – Get Rating) last posted its earnings results on Thursday, February 24th. The business services provider reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.09). Stericycle had a negative net margin of 1.05% and a positive return on equity of 8.26%. The company had revenue of $657.30 million during the quarter, compared to the consensus estimate of $662.25 million. During the same quarter in the prior year, the business earned $0.59 EPS. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities analysts forecast that Stericycle will post 2.34 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in SRCL. LPL Financial LLC increased its position in Stericycle by 7.1% in the second quarter. LPL Financial LLC now owns 8,939 shares of the business services provider’s stock worth $640,000 after buying an additional 595 shares during the last quarter. Amundi purchased a new stake in Stericycle in the second quarter worth $143,000. Morgan Stanley increased its position in Stericycle by 6.3% in the second quarter. Morgan Stanley now owns 420,086 shares of the business services provider’s stock worth $30,058,000 after buying an additional 24,837 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Stericycle by 7.3% in the second quarter. Public Employees Retirement System of Ohio now owns 55,163 shares of the business services provider’s stock worth $3,947,000 after buying an additional 3,768 shares during the last quarter. Finally, First Trust Advisors LP increased its position in Stericycle by 157.1% in the second quarter. First Trust Advisors LP now owns 17,871 shares of the business services provider’s stock worth $1,279,000 after buying an additional 10,919 shares during the last quarter. 97.67% of the stock is owned by institutional investors and hedge funds.
Stericycle Company Profile (Get Rating)
Stericycle, Inc engages in the provision of waste management services. It operates through the following segments: North America and International. The North America and International segments offer the following services: Regulated Waste and Compliance Services (RWCS), Secure Information Destruction Services (SID), Communication and Related Services (CRS).