Clean Harbors Earns “BB+” Credit Rating (CLH)
Clean Harbors (NYSE:CLH) has received a “BB+” credit rating from Morningstar. The credit rating agency’s “BB+” rating indicates that the company is an above-average default risk. They also issued a positive credit outlook for the company and gave their stock a three star rating.
Other equities research analysts have also recently issued reports about the stock. Analysts at BB&T Corp. downgraded shares of Clean Harbors from a “buy” rating to a “hold” rating in a research note on Friday. Separately, analysts at Stifel Nicolaus initiated coverage on shares of Clean Harbors in a research note on Thursday, August 21st. They set a “buy” rating and a $70.00 price target on the stock. Finally, 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. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $63.11.
Clean Harbors (NYSE:CLH) opened at 60.41 on Friday. Clean Harbors has a 52 week low of $44.95 and a 52 week high of $65.53. The stock has a 50-day moving average of $59.35 and a 200-day moving average of $58.03. The company has a market cap of $3.663 billion and a P/E ratio of 37.21.
Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.47 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.38 earnings per share. Clean Harbors’s revenue was down .2% compared to the same quarter last year. Analysts expect that Clean Harbors will post $1.82 EPS for the current fiscal year.
Clean Harbors, Inc (NYSE:CLH) is a provider of environmental, energy and industrial services throughout North America.
To view more credit ratings from Morningstar, visit www.morningstar.com.
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.