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Clean Harbors (NYSE:CLH) was downgraded by equities research analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports. They currently have a $59.00 price target on the stock, up from their previous price target of $54.00. Robert W. Baird’s price objective indicates a potential downside of 0.81% from the company’s current price. The analysts noted that the move was a valuation call.

Clean Harbors (NYSE:CLH) traded down 0.87% on Thursday, hitting $59.48. 816,879 shares of the company’s stock traded hands. Clean Harbors has a 1-year low of $44.95 and a 1-year high of $64.12. The stock’s 50-day moving average is $54.97 and its 200-day moving average is $55.8. The company has a market cap of $3.612 billion and a price-to-earnings ratio of 38.22.

Clean Harbors (NYSE:CLH) last released its earnings data on Wednesday, February 26th. The company reported $0.44 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.55 by $0.11. The company had revenue of $879.40 million for the quarter, compared to the consensus estimate of $894.41 million. During the same quarter in the previous year, the company posted $1.11 earnings per share. The company’s revenue for the quarter was up 57.3% on a year-over-year basis. On average, analysts predict that Clean Harbors will post $1.79 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Clean Harbors from an “underperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $61.60 price target on the stock. Separately, analysts at Wedbush raised their price target on shares of Clean Harbors from $54.00 to $57.00 in a research note on Monday. Finally, analysts at Raymond James downgraded shares of Clean Harbors from a “strong-buy” rating to an “outperform” rating in a research note on Monday. They now have a $66.00 price target on the stock, up previously from $60.00. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Clean Harbors has a consensus rating of “Hold” and an average price target of $58.01.

Clean Harbors, Inc (NYSE:CLH) is a provider of environmental, energy and industrial services throughout North America.

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