US Ecology’s (ECOL) “Buy” Rating Reaffirmed at Stifel Nicolaus
US Ecology, Inc. (NASDAQ:ECOL)‘s stock had its “buy” rating reiterated by equities researchers at Stifel Nicolaus in a research report issued on Friday. They presently have a $60.00 target price on the business services provider’s stock. Stifel Nicolaus’ price objective points to a potential upside of 11.63% from the company’s previous close.
Several other research analysts have also commented on the company. BidaskClub lowered US Ecology from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Canaccord Genuity reaffirmed a “buy” rating and issued a $60.00 target price on shares of US Ecology in a research note on Friday, September 8th. BMO Capital Markets began coverage on US Ecology in a research note on Thursday, June 29th. They issued a “market perform” rating and a $54.00 target price for the company. Finally, Zacks Investment Research lowered US Ecology from a “hold” rating to a “sell” rating in a research note on Monday. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $53.75.
US Ecology (ECOL) traded down 1.28% on Friday, hitting $53.80. 68,558 shares of the stock were exchanged. The firm has a market cap of $1.17 billion, a PE ratio of 42.06 and a beta of 0.66. US Ecology has a 52-week low of $38.00 and a 52-week high of $55.75. The company has a 50-day moving average price of $50.66 and a 200-day moving average price of $50.06.
US Ecology (NASDAQ:ECOL) last issued its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.38 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.38. US Ecology had a return on equity of 11.37% and a net margin of 5.86%. The company had revenue of $126.06 million during the quarter, compared to analyst estimates of $128.38 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share. US Ecology’s revenue was up 3.0% on a year-over-year basis. On average, equities research analysts anticipate that US Ecology will post $1.77 EPS for the current fiscal year.
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In other US Ecology news, CFO Eric L. Gerratt sold 19,936 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $46.80, for a total value of $933,004.80. Following the completion of the sale, the chief financial officer now owns 31,447 shares of the company’s stock, valued at $1,471,719.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephen A. Romano sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $52.05, for a total value of $156,150.00. Following the completion of the sale, the director now directly owns 28,395 shares of the company’s stock, valued at approximately $1,477,959.75. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Piedmont Investment Advisors LLC purchased a new stake in US Ecology in the second quarter worth approximately $238,000. Susquehanna International Group LLP purchased a new stake in US Ecology in the second quarter worth approximately $229,000. The Manufacturers Life Insurance Company boosted its stake in US Ecology by 0.5% in the second quarter. The Manufacturers Life Insurance Company now owns 17,052 shares of the business services provider’s stock worth $861,000 after buying an additional 77 shares in the last quarter. State Street Corp boosted its stake in US Ecology by 5.7% in the second quarter. State Street Corp now owns 528,197 shares of the business services provider’s stock worth $26,669,000 after buying an additional 28,715 shares in the last quarter. Finally, Intrinsic Edge Capital Management LLC purchased a new stake in US Ecology in the second quarter worth approximately $2,807,000. 85.63% of the stock is 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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