Clean Harbors Upgraded by Zacks to “Neutral” (CLH)
Clean Harbors (NYSE:CLH) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Tuesday, American Banking & Market News reports. The firm currently has a $60.10 price target on the stock. Zacks‘ price target indicates a potential upside of 1.97% from the stock’s previous close.
Shares of Clean Harbors (NYSE:CLH) traded down 0.34% during mid-day trading on Tuesday, hitting $58.94. 275,909 shares of the company’s stock traded hands. Clean Harbors has a 52-week low of $47.00 and a 52-week high of $61.72. The stock’s 50-day moving average is $57.35 and its 200-day moving average is $55.99. The company has a market cap of $3.572 billion and a P/E ratio of 31.71.
Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.58 by $0.20. The company had revenue of $860.50 million for the quarter, compared to the consensus estimate of $884.41 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 64.5% on a year-over-year basis. Analysts expect that Clean Harbors will post $2.12 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Boenning Scattergood initiated coverage on shares of Clean Harbors in a research note to investors on Wednesday, October 2nd. They set an “outperform” rating and a $67.00 price target on the stock. Separately, analysts at Oppenheimer reiterated a “buy” rating on shares of Clean Harbors in a research note to investors on Monday, September 23rd. They now have a $64.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of Clean Harbors from $65.00 to $70.00 in a research note to investors on Sunday, September 22nd. They now have a “top pick” rating on the stock. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Clean Harbors currently has an average rating of “Buy” and an average target price of $65.81.
Clean Harbors, Inc (NYSE:CLH) is a provider of environmental, energy and industrial services throughout North America.
To view Zacks’ full report, visit www.zacks.com
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