US Ecology Coverage Initiated by Analysts at Credit Suisse (ECOL)
Analysts at Credit Suisse began coverage on shares of US Ecology (NASDAQ:ECOL) in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $39.00 price target on the stock. Credit Suisse’s price target points to a potential upside of 12.78% from the stock’s previous close.
Shares of US Ecology (NASDAQ:ECOL) traded up 11.52% during mid-day trading on Friday, hitting $37.08. The stock had a trading volume of 368,083 shares. US Ecology has a one year low of $24.38 and a one year high of $39.77. The stock has a 50-day moving average of $36.1 and a 200-day moving average of $33.23. The company has a market cap of $686.5 million and a price-to-earnings ratio of 21.16.
US Ecology (NASDAQ:ECOL) last released its earnings data on Thursday, February 13th. The company reported $0.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.50 by $0.02. The company had revenue of $59.40 million for the quarter, compared to the consensus estimate of $56.71 million. During the same quarter last year, the company posted $0.36 earnings per share. US Ecology’s revenue was up 17.9% compared to the same quarter last year. Analysts expect that US Ecology will post $1.51 EPS for the current fiscal year.
A number of other firms have also recently commented on ECOL. Analysts at KeyCorp initiated coverage on shares of US Ecology in a research note on Tuesday, January 28th. They set a “hold” rating on the stock. They noted that the move was a valuation call. Separately, analysts at Zacks downgraded shares of US Ecology from a “neutral” rating to an “underperform” rating in a research note on Wednesday, January 22nd. They now have a $35.30 price target on the stock. Finally, analysts at Raymond James initiated coverage on shares of US Ecology in a research note on Monday, December 23rd. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. US Ecology currently has a consensus rating of “Hold” and a consensus price target of $38.10.
US Ecology, Inc (NASDAQ:ECOL) through its subsidiaries, provides radioactive, hazardous, polychlorinated biphenyls (PCB) and non-hazardous industrial waste management and recycling services to commercial and government entities, such as refineries and chemical production facilities, manufacturers, electric utilities, steel mills, medical and academic institutions and waste brokers/aggregators.
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