Clean Harbors Now Covered by Analysts at Imperial Capital (CLH)
Analysts at Imperial Capital initiated coverage on shares of Clean Harbors (NYSE:CLH) in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. The firm set an “in-line” rating and a $66.50 price target on the stock. Imperial Capital’s target price indicates a potential upside of 9.32% from the company’s current price.
The analysts wrote, “We are initiating coverage on CLH shares with an In-Line rating and a one-year price target of $66.50, 9% above the recent price. CLH is one of the leading specialty waste companies in North America, with a wide range of services, and a substantial base of treatment and disposal assets that affords it considerable competitive advantages in its environmental businesses. We see mixed implications from CLH’s increased exposure to oil & gas, which offers attractive growth potential, but also increases risk due to exposure to external factors such as commodity prices, weather, and competition. Our one-year price target of $66.50 assumes 7.5x FY15 EV/EBITDA, reflecting attractive growth prospects (though modest EBITDA/FCF margins), relative to peers.”
CLH has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Clean Harbors from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 8th. They now have a $60.10 price target on the stock. Separately, 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. Finally, 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. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $65.96.
Shares of Clean Harbors (NYSE:CLH) opened at 60.83 on Friday. Clean Harbors has a 52 week low of $47.80 and a 52 week high of $61.72. The stock has a 50-day moving average of $58.19 and a 200-day moving average of $56.12. The company has a market cap of $3.687 billion and a price-to-earnings ratio of 32.62.
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.
Clean Harbors, Inc (NYSE:CLH) is a provider of environmental, energy and industrial services throughout North America.
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