Wedbush Increases Clean Harbors Price Target to $60.00 (CLH)
Equities research analysts at Wedbush hoisted their target price on shares of Clean Harbors (NYSE:CLH) from $57.00 to $60.00 in a research note issued to investors on Thursday. The firm currently has a “neutral” rating on the stock. Wedbush’s price target indicates a potential downside of 1.22% from the stock’s previous close.
CLH has been the subject of a number of other recent research reports. Analysts at Robert W. Baird raised their price target on shares of Clean Harbors from $59.00 to $64.00 in a research note on Friday, May 9th. Separately, analysts at Imperial Capital raised their price target on shares of Clean Harbors from $52.50 to $63.00 in a research note on Thursday, May 8th. They now have an “in-line” rating on the stock. Finally, analysts at Boenning Scattergood downgraded shares of Clean Harbors from an “outperform” rating to a “neutral” rating in a research note on Thursday, May 8th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $61.26.
Clean Harbors (NYSE:CLH) traded down 0.98% during mid-day trading on Thursday, hitting $60.74. 509,340 shares of the company’s stock traded hands. Clean Harbors has a 52 week low of $44.95 and a 52 week high of $65.53. The stock’s 50-day moving average is $62.14 and its 200-day moving average is $57.38. The company has a market cap of $3.691 billion and a price-to-earnings ratio of 39.60.
Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, May 7th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. The company had revenue of $846.70 million for the quarter, compared to the consensus estimate of $833.05 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. Analysts expect that Clean Harbors will post $1.79 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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