Stericycle, Inc. (SRCL) Given Average Rating of “Hold” by Brokerages
Shares of Stericycle, Inc. (NASDAQ:SRCL) have received a consensus rating of “Hold” from the fifteen brokerages that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $80.91.
A number of equities research analysts recently weighed in on SRCL shares. Jefferies Group LLC set a $108.00 price target on shares of Stericycle and gave the company a “buy” rating in a report on Tuesday, October 17th. Zacks Investment Research raised shares of Stericycle from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Wednesday, July 5th. William Blair reissued an “ourperform” rating on shares of Stericycle in a report on Thursday, September 14th. Barclays PLC reissued an “overweight” rating and set a $100.00 price objective on shares of Stericycle in a report on Wednesday, August 9th. Finally, BidaskClub raised shares of Stericycle from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th.
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In other news, Director Mark C. Miller sold 19,753 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $70.52, for a total value of $1,392,981.56. Following the completion of the sale, the director now directly owns 205,576 shares in the company, valued at $14,497,219.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.30% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Pacer Advisors Inc. increased its holdings in Stericycle by 8.4% in the 2nd 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. Benjamin F. Edwards & Company Inc. increased its holdings in Stericycle by 8.5% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,540 shares of the business services provider’s stock valued at $194,000 after buying an additional 200 shares during the period. Smith Shellnut Wilson LLC ADV bought a new stake in Stericycle in the 2nd quarter valued at $223,000. Intact Investment Management Inc. bought a new stake in Stericycle in the 2nd quarter valued at $237,000. Finally, Douglass Winthrop Advisors LLC increased its holdings in Stericycle by 6.5% in the 2nd quarter. Douglass Winthrop Advisors LLC now owns 3,120 shares of the business services provider’s stock valued at $238,000 after buying an additional 190 shares during the period. 93.92% of the stock is currently owned by institutional investors and hedge funds.
Stericycle (NASDAQ:SRCL) last released its quarterly earnings results on Thursday, August 3rd. The business services provider reported $1.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.02. The business had revenue of $917.70 million during the quarter, compared to analyst estimates of $902.81 million. Stericycle had a negative net margin of 0.07% and a positive return on equity of 14.35%. The business’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the business earned $1.18 EPS.
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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