US Ecology, Inc. (ECOL) Given Buy Rating at Canaccord Genuity
US Ecology, Inc. (NASDAQ:ECOL)‘s stock had its “buy” rating restated by Canaccord Genuity in a research note issued on Friday. They currently have a $60.00 price objective on the business services provider’s stock. Canaccord Genuity’s price target points to a potential upside of 22.70% from the stock’s current price.
Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus reissued a “buy” rating and issued a $60.00 price target on shares of US Ecology in a report on Sunday, July 30th. BidaskClub raised shares of US Ecology from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Finally, BMO Capital Markets started coverage on shares of US Ecology in a report on Thursday, June 29th. They issued a “market perform” rating and a $54.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $53.60.
US Ecology (NASDAQ:ECOL) traded up 0.92% during trading on Friday, reaching $49.35. The company’s stock had a trading volume of 45,015 shares. The firm’s 50-day moving average is $50.10 and its 200-day moving average is $49.70. US Ecology has a 52-week low of $38.00 and a 52-week high of $55.00. The stock has a market cap of $1.08 billion, a P/E ratio of 38.58 and a beta of 0.69.
US Ecology (NASDAQ:ECOL) last announced its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.38. The business had revenue of $126.06 million for the quarter, compared to analyst estimates of $128.38 million. US Ecology had a net margin of 5.86% and a return on equity of 11.37%. The company’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 EPS. Equities research analysts forecast that US Ecology will post $1.77 EPS for the current year.
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In other US Ecology news, CFO Eric L. Gerratt sold 19,936 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $46.80, for a total value of $933,004.80. Following the sale, the chief financial officer now owns 31,447 shares of the company’s stock, valued at approximately $1,471,719.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Katina Dorton purchased 600 shares of the business’s stock in a transaction on Friday, August 25th. The stock was purchased at an average cost of $47.16 per share, for a total transaction of $28,296.00. Following the acquisition, the director now owns 3,970 shares in the company, valued at $187,225.20. The disclosure for this purchase can be found here. 1.30% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in the business. OppenheimerFunds Inc. boosted its stake in shares of US Ecology by 19.1% during the 1st quarter. OppenheimerFunds Inc. now owns 7,704 shares of the business services provider’s stock valued at $361,000 after purchasing an additional 1,234 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of US Ecology by 0.4% during the 1st quarter. Bank of Montreal Can now owns 46,416 shares of the business services provider’s stock valued at $2,174,000 after purchasing an additional 164 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of US Ecology by 0.6% during the 1st quarter. Prudential Financial Inc. now owns 37,848 shares of the business services provider’s stock valued at $1,773,000 after purchasing an additional 230 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of US Ecology by 193.2% during the 1st quarter. Ameritas Investment Partners Inc. now owns 2,865 shares of the business services provider’s stock valued at $133,000 after purchasing an additional 1,888 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its stake in shares of US Ecology by 210.9% during the 1st quarter. LS Investment Advisors LLC now owns 2,543 shares of the business services provider’s stock valued at $119,000 after purchasing an additional 1,725 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.
US Ecology Company Profile
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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