Stericycle, Inc. (NASDAQ:SRCL) Given Consensus Rating of “Hold” by Analysts
Stericycle, Inc. (NASDAQ:SRCL) has received an average rating of “Hold” from the seventeen research firms that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $81.15.
SRCL has been the subject of a number of research analyst reports. Deutsche Bank AG decreased their price objective on shares of Stericycle from $14.00 to $10.00 and set a “buy” rating for the company in a report on Monday, May 15th. Jefferies Group LLC restated a “buy” rating and set a $108.00 price objective on shares of Stericycle in a report on Thursday, March 30th. Robert W. Baird downgraded shares of Stericycle from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $74.00 to $73.00 in a report on Friday, May 5th. Zacks Investment Research downgraded shares of Stericycle from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Finally, Barclays PLC initiated coverage on shares of Stericycle in a report on Thursday, April 13th. They set an “overweight” rating and a $100.00 price objective for the company.
Several institutional investors have recently added to or reduced their stakes in the stock. Kernodle & Katon Asset Management Group LLC purchased a new position in Stericycle during the first quarter worth approximately $100,000. Heritage Trust Co purchased a new position in Stericycle during the first quarter worth approximately $124,000. Pacer Advisors Inc. raised its position in Stericycle by 3.3% in the first quarter. Pacer Advisors Inc. now owns 1,735 shares of the business services provider’s stock worth $144,000 after buying an additional 55 shares during the period. Invictus RG purchased a new position in Stericycle during the first quarter worth approximately $145,000. Finally, Morgan Dempsey Capital Management LLC raised its position in Stericycle by 2.6% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,902 shares of the business services provider’s stock worth $158,000 after buying an additional 48 shares during the period. Institutional investors own 95.49% of the company’s stock.
Shares of Stericycle (SRCL) opened at 76.41 on Tuesday. Stericycle has a one year low of $71.52 and a one year high of $107.74. The company’s 50 day moving average is $77.34 and its 200 day moving average is $80.78. The company has a market cap of $6.52 billion, a P/E ratio of 39.82 and a beta of 0.14.
Stericycle (NASDAQ:SRCL) last posted its quarterly earnings data on Thursday, May 4th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. Stericycle had a net margin of 5.23% and a return on equity of 14.40%. The business had revenue of $892.40 million during the quarter, compared to the consensus estimate of $874.34 million. During the same quarter last year, the company posted $1.11 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities analysts predict that Stericycle will post $4.62 earnings per share for the current year.
Stericycle, Inc is a business-to-business services provider. The Company focuses on regulated and compliance solutions for healthcare, retail, and commercial businesses. The Company’s segments include Domestic and Canada Regulated Waste and Compliance Services (RCS), Domestic Communication and Related Services (CRS), International RCS and All other.
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