US Ecology, Inc. (ECOL) Rating Reiterated by Stifel Nicolaus
US Ecology, Inc. (NASDAQ:ECOL)‘s stock had its “buy” rating reaffirmed by Stifel Nicolaus in a research report issued to clients and investors on Wednesday. They presently have a $55.00 price objective on the business services provider’s stock. Stifel Nicolaus’ price target suggests a potential upside of 4.86% from the company’s current price.
A number of other research firms also recently issued reports on ECOL. BidaskClub upgraded shares of US Ecology from a “hold” rating to a “buy” rating in a report on Friday, June 30th. BMO Capital Markets assumed coverage on shares of US Ecology in a report on Thursday, June 29th. They issued a “market perform” rating and a $54.00 price objective on the stock. Zacks Investment Research downgraded shares of US Ecology from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Finally, Canaccord Genuity reiterated a “buy” rating on shares of US Ecology in a report on Friday, April 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. US Ecology has a consensus rating of “Hold” and an average price target of $50.75.
Shares of US Ecology (NASDAQ ECOL) traded down 0.13% on Wednesday, hitting $52.20. 16,830 shares of the stock traded hands. The firm has a market capitalization of $1.14 billion, a PE ratio of 35.75 and a beta of 0.68. The firm’s 50 day moving average is $51.02 and its 200 day moving average is $49.93. US Ecology has a 52 week low of $38.00 and a 52 week high of $54.00.
US Ecology (NASDAQ:ECOL) last posted its quarterly earnings data on Thursday, April 27th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.07. US Ecology had a net margin of 6.73% and a return on equity of 11.45%. The business had revenue of $110.23 million during the quarter, compared to analyst estimates of $109.90 million. During the same quarter last year, the business earned $0.32 earnings per share. US Ecology’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, analysts expect that US Ecology will post $1.73 EPS for the current fiscal year.
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Several hedge funds have recently bought and sold shares of ECOL. Louisiana State Employees Retirement System increased its stake in US Ecology by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 8,900 shares of the business services provider’s stock worth $417,000 after buying an additional 100 shares during the period. Bank of Montreal Can increased its position in shares of US Ecology by 0.4% in the first quarter. Bank of Montreal Can now owns 46,416 shares of the business services provider’s stock worth $2,174,000 after buying an additional 164 shares during the last quarter. Fenimore Asset Management Inc. increased its position in shares of US Ecology by 0.8% in the first quarter. Fenimore Asset Management Inc. now owns 402,772 shares of the business services provider’s stock worth $18,870,000 after buying an additional 3,375 shares during the last quarter. WCM Investment Management CA increased its position in shares of US Ecology by 9.1% in the first quarter. WCM Investment Management CA now owns 7,197 shares of the business services provider’s stock worth $337,000 after buying an additional 600 shares during the last quarter. Finally, Macquarie Group Ltd. increased its position in shares of US Ecology by 27.6% in the fourth quarter. Macquarie Group Ltd. now owns 430,537 shares of the business services provider’s stock worth $21,161,000 after buying an additional 93,144 shares during the last quarter. Institutional investors own 86.02% of the company’s stock.
About US Ecology
US Ecology, Inc is a provider of environmental services to commercial and government entities. The Company offers treatment, disposal and recycling of hazardous, non-hazardous and radioactive waste, as well as a range of field and industrial services. The Company operates in two business segments: Environmental Services, and Field & Industrial Services.
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