Stericycle Given Average Rating of “Buy” by Brokerages (NASDAQ:SRCL)
Shares of Stericycle (NASDAQ:SRCL) have received an average recommendation of “Buy” from the ten ratings firms that are currently covering the company, Analyst Ratings Net reports. Four investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $133.00.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs downgraded shares of Stericycle from a “buy” rating to a “neutral” rating in a research note on Wednesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Stericycle in a research note on Monday, July 28th. They now have a $124.00 price target on the stock. Finally, 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.
Shares of Stericycle (NASDAQ:SRCL) opened at 117.82 on Thursday. Stericycle has a 52-week low of $108.62 and a 52-week high of $125.43. The stock’s 50-day moving average is $118.4 and its 200-day moving average is $115.8. The company has a market cap of $9.992 billion and a price-to-earnings ratio of 31.93.
Stericycle (NASDAQ:SRCL) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.03 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.93 earnings per share. Stericycle’s revenue was up 21.7% compared to the same quarter last year. 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.