Harsco Corporation (HSC) Receives Consensus Recommendation of “Buy” from Analysts
Harsco Corporation (NYSE:HSC) has received an average rating of “Buy” from the seven research firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $19.50.
A number of research firms have weighed in on HSC. KeyCorp reissued an “overweight” rating and set a $19.00 target price (up previously from $17.50) on shares of Harsco Corporation in a research report on Monday, June 26th. BidaskClub downgraded shares of Harsco Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Lake Street Capital restated a “buy” rating on shares of Harsco Corporation in a report on Friday, August 4th. Zacks Investment Research downgraded shares of Harsco Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Argus upgraded shares of Harsco Corporation from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Friday, September 15th.
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Shares of Harsco Corporation (NYSE:HSC) traded up 1.80% during mid-day trading on Friday, hitting $19.75. The stock had a trading volume of 387,793 shares. The stock’s market cap is $1.59 billion. The stock has a 50-day moving average price of $16.91 and a 200 day moving average price of $15.00. Harsco Corporation has a 52 week low of $8.52 and a 52 week high of $19.90.
Harsco Corporation (NYSE:HSC) last released its earnings results on Thursday, August 3rd. The industrial products company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.05. The firm had revenue of $394.89 million during the quarter, compared to analyst estimates of $384.40 million. Harsco Corporation had a negative net margin of 1.38% and a positive return on equity of 26.28%. The business’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 EPS. On average, equities analysts forecast that Harsco Corporation will post $0.64 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of HSC. Flinton Capital Management LLC increased its holdings in shares of Harsco Corporation by 71.9% during the 2nd quarter. Flinton Capital Management LLC now owns 6,496 shares of the industrial products company’s stock worth $105,000 after purchasing an additional 2,716 shares during the period. Invictus RG bought a new stake in Harsco Corporation in the first quarter valued at about $120,000. Federated Investors Inc. PA increased its stake in Harsco Corporation by 1.7% in the second quarter. Federated Investors Inc. PA now owns 7,678 shares of the industrial products company’s stock valued at $124,000 after acquiring an additional 132 shares during the period. Quantbot Technologies LP bought a new stake in Harsco Corporation in the first quarter valued at about $147,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in Harsco Corporation in the first quarter valued at about $148,000. Institutional investors own 80.67% of the company’s stock.
Harsco Corporation Company Profile
Harsco Corporation is a provider of industrial services and engineered products. The Company operates in three segments: Harsco Metals & Minerals, Harsco Industrial and Harsco Rail. The Harsco Metals & Minerals segment provides outsourced on-site services to the global metals industry, with the operations focused in the United States, the United Kingdom, France and Brazil.
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