Stericycle Hits New 12-Month High at $125.43 (SRCL)
Shares of Stericycle (NASDAQ:SRCL) hit a new 52-week high during mid-day trading on Wednesday , AmericanBankingNews.com reports. The company traded as high as $125.43 and last traded at $119.02, with a volume of 108,469 shares changing hands. The stock had previously closed at $118.80.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Stericycle in a research note on Monday. They now have a $124.00 price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Stericycle in a research note on Friday, July 25th. They now have a $136.00 price target on the stock, up previously from $127.00. Finally, analysts at Robert W. Baird upgraded shares of Stericycle from a “neutral” rating to an “outperform” rating in a research note on Friday, June 13th. They now have a $140.00 price target on the stock, up previously from $128.00. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $131.45.
The stock has a 50-day moving average of $118. and a 200-day moving average of $115.5. The company has a market cap of $10.288 billion and a price-to-earnings ratio of 32.20.
Stericycle (NASDAQ:SRCL) last released its earnings data on Thursday, July 24th. The company reported $1.03 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.03. The company had revenue of $640.80 million for the quarter, compared to the consensus estimate of $633.95 million. During the same quarter in the prior year, the company posted $0.93 earnings per share. The company’s quarterly revenue was up 21.7% on a year-over-year basis. Analysts expect that Stericycle will post $4.25 EPS for the current fiscal year.
Stericycle, Inc, is in the business of managing regulated waste and providing an array of related and complementary services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.