Heritage-Crystal Clean (HCCI) Upgraded to Buy at Zacks Investment Research

Heritage-Crystal Clean (NASDAQ:HCCI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday. The brokerage currently has a $25.00 price target on the industrial products company’s stock. Zacks Investment Research‘s target price indicates a potential upside of 10.86% from the stock’s previous close.

According to Zacks, “HERITAGE-CRYSTAL CLEAN, LLC, headquartered in Elgin, Illinois, is a privately-held marketing and sales Company that concentrates on servicing the automotive repair, commercial and industrial marketplaces, primarily in the Midwest and Eastern States. “

Other analysts have also recently issued reports about the stock. Roth Capital set a $24.00 target price on shares of Heritage-Crystal Clean and gave the stock a “buy” rating in a report on Friday, October 20th. BidaskClub upgraded shares of Heritage-Crystal Clean from a “hold” rating to a “buy” rating in a report on Wednesday, December 20th. Stifel Nicolaus restated a “buy” rating and set a $23.00 target price on shares of Heritage-Crystal Clean in a report on Thursday, October 19th. Finally, Robert W. Baird raised their target price on shares of Heritage-Crystal Clean from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Friday, October 20th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $23.17.

Shares of Heritage-Crystal Clean (NASDAQ:HCCI) traded up $0.20 during trading hours on Friday, reaching $22.55. 74,942 shares of the company were exchanged, compared to its average volume of 82,571. The company has a market capitalization of $515.94, a PE ratio of 25.92, a price-to-earnings-growth ratio of 1.66 and a beta of 1.96. Heritage-Crystal Clean has a 1 year low of $12.85 and a 1 year high of $22.65. The company has a quick ratio of 2.02, a current ratio of 2.51 and a debt-to-equity ratio of 0.13.

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

Institutional investors have recently bought and sold shares of the stock. 361 Capital LLC acquired a new position in Heritage-Crystal Clean in the 3rd quarter worth approximately $2,321,000. Janus Henderson Group PLC acquired a new position in Heritage-Crystal Clean in the 2nd quarter worth approximately $1,193,000. Prudential Financial Inc. acquired a new position in Heritage-Crystal Clean in the 3rd quarter worth approximately $350,000. Van ECK Associates Corp acquired a new position in Heritage-Crystal Clean in the 3rd quarter worth approximately $357,000. Finally, American Century Companies Inc. acquired a new position in Heritage-Crystal Clean in the 3rd quarter worth approximately $515,000. 58.56% of the stock is owned by hedge funds and other institutional investors.

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About Heritage-Crystal Clean

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.

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