Stericycle, Inc. (SRCL) Receives Consensus Rating of “Hold” from Analysts
Shares of Stericycle, Inc. (NASDAQ:SRCL) have received an average recommendation of “Hold” from the sixteen ratings firms that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $80.83.
Several brokerages have issued reports on SRCL. Jefferies Group LLC set a $108.00 price objective on Stericycle and gave the stock a “buy” rating in a report on Saturday, May 6th. BMO Capital Markets began coverage on Stericycle in a report on Thursday, June 29th. They set a “market perform” rating and a $81.00 price objective on the stock. Barclays PLC reaffirmed an “overweight” rating and set a $100.00 price objective on shares of Stericycle in a report on Wednesday, August 9th. BidaskClub raised Stericycle from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Finally, Zacks Investment Research raised Stericycle from a “hold” rating to a “buy” rating and set a $97.00 price objective on the stock in a report on Tuesday, April 25th.
Stericycle (NASDAQ:SRCL) opened at 70.70 on Friday. The firm’s 50-day moving average price is $75.61 and its 200 day moving average price is $80.16. Stericycle has a 12-month low of $70.24 and a 12-month high of $88.00. The stock’s market capitalization is $6.03 billion.
Stericycle (NASDAQ:SRCL) last posted its earnings results on Thursday, August 3rd. The business services provider reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. The firm had revenue of $917.70 million for the quarter, compared to analyst estimates of $902.81 million. Stericycle had a positive return on equity of 14.35% and a negative net margin of 0.07%. Stericycle’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.18 earnings per share. On average, equities analysts anticipate that Stericycle will post $4.60 EPS for the current year.
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Large investors have recently made changes to their positions in the company. Kernodle & Katon Asset Management Group LLC acquired a new stake in shares of Stericycle during the first quarter valued at $100,000. Heritage Trust Co acquired a new stake in shares of Stericycle during the first quarter valued at $124,000. Pacer Advisors Inc. increased its stake in shares of Stericycle by 8.4% in the second quarter. Pacer Advisors Inc. now owns 1,880 shares of the business services provider’s stock valued at $143,000 after buying an additional 145 shares during the period. Invictus RG acquired a new stake in shares of Stericycle during the first quarter valued at $145,000. Finally, Morgan Dempsey Capital Management LLC increased its stake in shares of 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 valued at $158,000 after buying an additional 48 shares during the period. Institutional investors and hedge funds own 94.56% of the company’s stock.
Stericycle Company Profile
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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