Heritage-Crystal Clean (HCCI) Lifted to “Hold” at BidaskClub

Heritage-Crystal Clean (NASDAQ:HCCI) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

A number of other equities analysts have also recently issued reports on HCCI. Zacks Investment Research cut Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Roth Capital set a $24.00 target price on Heritage-Crystal Clean and gave the stock a “buy” rating in a report on Friday, October 20th. Stifel Nicolaus reiterated a “buy” rating and issued a $23.00 target price on shares of Heritage-Crystal Clean in a report on Thursday, October 19th. Finally, Robert W. Baird increased their target price on Heritage-Crystal Clean from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Heritage-Crystal Clean presently has an average rating of “Hold” and a consensus price target of $22.50.

Heritage-Crystal Clean (NASDAQ HCCI) traded down $0.05 during trading on Wednesday, hitting $19.40. The company’s stock had a trading volume of 52,425 shares, compared to its average volume of 69,837. The company has a market cap of $443.87, a PE ratio of 31.80, a price-to-earnings-growth ratio of 1.89 and a beta of 1.96. Heritage-Crystal Clean has a 52-week low of $12.85 and a 52-week high of $22.21. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.51 and a quick ratio of 2.02.

Heritage-Crystal Clean (NASDAQ:HCCI) last posted its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). Heritage-Crystal Clean had a return on equity of 6.76% and a net margin of 5.56%. The business had revenue of $83.33 million for the quarter, compared to the consensus estimate of $85.32 million. sell-side analysts expect that Heritage-Crystal Clean will post 0.63 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the stock. 361 Capital LLC purchased a new stake in Heritage-Crystal Clean in the 3rd quarter valued at $2,321,000. Janus Henderson Group PLC purchased a new stake in Heritage-Crystal Clean in the 2nd quarter valued at $1,193,000. TIAA CREF Investment Management LLC raised its position in Heritage-Crystal Clean by 11.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 51,561 shares of the industrial products company’s stock valued at $820,000 after buying an additional 5,420 shares during the last quarter. Wedge Capital Management L L P NC raised its position in Heritage-Crystal Clean by 15.7% in the 3rd quarter. Wedge Capital Management L L P NC now owns 70,100 shares of the industrial products company’s stock valued at $1,525,000 after buying an additional 9,500 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Heritage-Crystal Clean by 33.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 166,967 shares of the industrial products company’s stock valued at $2,655,000 after buying an additional 42,201 shares during the last quarter. Institutional investors own 58.56% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Heritage-Crystal Clean (HCCI) Lifted to “Hold” at BidaskClub” was first published by American Banking News and is owned by of American Banking News. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The original version of this piece can be viewed at https://www.americanbankingnews.com/2017/12/10/heritage-crystal-clean-hcci-lifted-to-hold-at-bidaskclub.html.

Heritage-Crystal Clean Company Profile

Heritage-Crystal Clean, Inc provides full-service parts cleaning, containerized waste management, used oil collection, vacuum truck services and antifreeze recycling. The Company owns and operates a used oil re-refinery. The Company operates through two segments: Environmental Services and Oil Business.

Analyst Recommendations for Heritage-Crystal Clean (NASDAQ:HCCI)

Receive News & Ratings for Heritage-Crystal Clean Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage-Crystal Clean Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply