Clean Harbors Coverage Initiated at Stifel Nicolaus (CLH)
Equities researchers at Stifel Nicolaus assumed coverage on shares of Clean Harbors (NYSE:CLH) in a research report issued on Thursday. The firm set a “buy” rating and a $70.00 price target on the stock. Stifel Nicolaus’ target price suggests a potential upside of 16.98% from the stock’s previous close.
Clean Harbors (NYSE:CLH) opened at 60.01 on Thursday. 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 $59.47 and its 200-day moving average is $57.58. The company has a market cap of $3.639 billion and a price-to-earnings ratio of 36.51.
Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, August 6th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.04. The company had revenue of $858.50 million for the quarter, compared to the consensus estimate of $873.54 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was down .2% on a year-over-year basis. Analysts expect that Clean Harbors will post $1.82 EPS for the current fiscal year.
In other Clean Harbors news, VP Deirdre Evens sold 1,807 shares of Clean Harbors stock on the open market in a transaction dated Thursday, August 14th. The stock was sold at an average price of $58.79, for a total transaction of $106,233.53. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Separately, analysts at Wedbush raised their price target on shares of Clean Harbors from $57.00 to $60.00 in a research note on Thursday, July 10th. They now have a “neutral” rating on the stock. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $63.11.
Clean Harbors, Inc (NYSE:CLH) is a provider of environmental, energy and industrial services throughout North America.
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