Stericycle (NASDAQ:SRCL) received a $83.00 target price from stock analysts at Jefferies Group in a research report issued to clients and investors on Wednesday. The firm presently has a “buy” rating on the business services provider’s stock. Jefferies Group’s target price indicates a potential upside of 23.33% from the company’s previous close.
Several other analysts have also weighed in on SRCL. Stifel Nicolaus reissued a “buy” rating and issued a $85.00 price objective (down from $95.00) on shares of Stericycle in a report on Thursday, November 9th. BMO Capital Markets lowered their target price on Stericycle from $74.00 to $62.00 and set a “market perform” rating for the company in a report on Friday, November 10th. William Blair reaffirmed an “ourperform” rating on shares of Stericycle in a report on Thursday, September 14th. Barrington Research lowered their target price on Stericycle from $87.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, November 10th. Finally, BidaskClub raised Stericycle from a “strong sell” rating to a “sell” rating in a report on Saturday, December 2nd. Four analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $74.45.
Shares of Stericycle (NASDAQ:SRCL) traded up $0.13 during midday trading on Wednesday, hitting $67.30. The stock had a trading volume of 709,100 shares, compared to its average volume of 825,601. Stericycle has a twelve month low of $61.25 and a twelve month high of $88.00. The stock has a market capitalization of $5,734.50, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 1.64 and a beta of 0.16. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.82 and a current ratio of 0.82.
Stericycle (NASDAQ:SRCL) last announced its earnings results on Wednesday, November 8th. The business services provider reported $1.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.04). Stericycle had a positive return on equity of 13.93% and a negative net margin of 0.79%. The business had revenue of $883.00 million for the quarter, compared to analysts’ expectations of $896.81 million. During the same period in the previous year, the firm posted $1.24 earnings per share. The firm’s revenue was down .8% compared to the same quarter last year. research analysts expect that Stericycle will post 4.5 EPS for the current fiscal year.
In other news, Director Mark C. Miller sold 19,753 shares of the company’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 transaction, the director now directly owns 205,576 shares of the company’s stock, valued at $14,497,219.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 79,012 shares of company stock worth $5,240,668. Company insiders own 3.50% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Schroder Investment Management Group bought a new stake in shares of Stericycle in the second quarter valued at about $80,497,000. Thompson Siegel & Walmsley LLC acquired a new position in Stericycle in the second quarter worth about $33,710,000. BlackRock Inc. increased its holdings in shares of Stericycle by 6.4% during the second quarter. BlackRock Inc. now owns 5,413,244 shares of the business services provider’s stock worth $413,139,000 after buying an additional 323,664 shares in the last quarter. Clarkston Capital Partners LLC increased its holdings in shares of Stericycle by 43.1% during the third quarter. Clarkston Capital Partners LLC now owns 1,013,885 shares of the business services provider’s stock worth $72,614,000 after buying an additional 305,441 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in shares of Stericycle by 205.0% during the third quarter. Teacher Retirement System of Texas now owns 453,563 shares of the business services provider’s stock worth $32,484,000 after buying an additional 304,864 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.
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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.