Stericycle Price Target Raised to $128.00 at Robert W. Baird (SRCL)
Investment analysts at Robert W. Baird lifted their price target on shares of Stericycle (NASDAQ:SRCL) from $126.00 to $128.00 in a note issued to investors on Thursday, AmericanBankingNews.com reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s price target points to a potential upside of 11.75% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Stericycle in a research note to investors on Thursday. They now have a $138.00 price target on the stock, up previously from $123.00. Separately, analysts at Raymond James downgraded shares of Stericycle from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday. They now have a $124.00 price target on the stock. Finally, analysts at Wunderlich raised their price target on shares of Stericycle from $123.00 to $125.00 in a research note to investors on Sunday, September 22nd. They now have a “buy” rating on the stock. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $122.29.
Shares of Stericycle (NASDAQ:SRCL) traded down 5.24% on Thursday, hitting $114.54. The stock had a trading volume of 1,109,168 shares. Stericycle has a 1-year low of $88.76 and a 1-year high of $119.59. The stock has a 50-day moving average of $115.1 and a 200-day moving average of $109.7. The company has a market cap of $9.838 billion and a P/E ratio of 36.74.
Stericycle (NASDAQ:SRCL) last announced its earnings results on Wednesday, October 23rd. The company reported $0.96 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.94 by $0.02. The company had revenue of $534.60 million for the quarter, compared to the consensus estimate of $542.38 million. During the same quarter last year, the company posted $0.84 earnings per share. Stericycle’s revenue was up 11.3% compared to the same quarter last year.
Stericycle, Inc, is in the business of managing regulated waste and providing an array of related and complementary services.
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