Stericycle Rating Lowered to Market Perform at Raymond James (SRCL)
Stericycle (NASDAQ:SRCL) was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Thursday, American Banking News.com reports.
A number of other analysts have also recently weighed in on SRCL. 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. Separately, analysts at Wedbush downgraded shares of Stericycle from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 28th. They now have a $120.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Stericycle in a research note to investors on Tuesday, August 13th. They now have a $123.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Stericycle has a consensus rating of “Buy” and an average target price of $120.05.
Shares of Stericycle (NASDAQ:SRCL) opened at 120.87 on Thursday. Stericycle has a 52-week low of $88.76 and a 52-week 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 $10.382 billion and a price-to-earnings 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. On average, analysts predict that Stericycle will post $3.71 earnings per share for the current fiscal year.
Stericycle, Inc, is in the business of managing regulated waste and providing an array of related and complementary services.
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