Harsco Co. (NYSE:HSC) has been assigned a consensus rating of “Buy” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $20.00.

HSC has been the subject of several research analyst reports. BidaskClub downgraded Harsco from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. Argus raised Harsco from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Friday, September 15th. Zacks Investment Research raised Harsco from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Friday. Jefferies Group LLC reissued a “buy” rating and issued a $19.00 price objective (up from $18.00) on shares of Harsco in a research note on Wednesday, August 9th. Finally, Lake Street Capital reissued a “buy” rating on shares of Harsco in a research note on Friday, August 4th.

Shares of Harsco (HSC) traded down $1.00 during mid-day trading on Friday, hitting $17.65. The stock had a trading volume of 479,600 shares, compared to its average volume of 434,050. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 2.87. The firm has a market cap of $1,419.84, a P/E ratio of 25.58 and a beta of 3.18. Harsco has a twelve month low of $11.40 and a twelve month high of $22.00.

Harsco (NYSE:HSC) last announced its earnings results on Wednesday, November 8th. The industrial products company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.04. The business had revenue of $384.65 million during the quarter, compared to the consensus estimate of $398.85 million. Harsco had a return on equity of 35.26% and a net margin of 3.68%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 EPS. research analysts forecast that Harsco will post 0.68 EPS for the current year.

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Several institutional investors and hedge funds have recently modified their holdings of the business. Federated Investors Inc. PA increased its stake in shares of Harsco by 1.7% in the 2nd quarter. Federated Investors Inc. PA now owns 7,678 shares of the industrial products company’s stock worth $124,000 after acquiring an additional 132 shares during the last quarter. US Bancorp DE increased its stake in shares of Harsco by 0.5% in the 2nd quarter. US Bancorp DE now owns 33,305 shares of the industrial products company’s stock worth $536,000 after acquiring an additional 157 shares during the last quarter. Hanson & Doremus Investment Management increased its stake in shares of Harsco by 2.2% in the 2nd quarter. Hanson & Doremus Investment Management now owns 17,070 shares of the industrial products company’s stock worth $275,000 after acquiring an additional 360 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Harsco by 0.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 62,856 shares of the industrial products company’s stock worth $1,011,000 after acquiring an additional 448 shares during the last quarter. Finally, Texas Permanent School Fund increased its stake in shares of Harsco by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 58,549 shares of the industrial products company’s stock worth $943,000 after acquiring an additional 497 shares during the last quarter. 78.51% of the stock is owned by institutional investors and hedge funds.

Harsco 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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