Argus Boosts Harsco (HSC) Price Target to $24.00
Harsco (NYSE:HSC) had its target price lifted by stock analysts at Argus to $24.00 in a research note issued on Thursday. The firm presently has a “buy” rating on the industrial products company’s stock. Argus’ price objective would suggest a potential upside of 25.98% from the company’s current price.
HSC has been the topic of several other research reports. Zacks Investment Research downgraded shares of Harsco from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. ValuEngine cut Harsco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $20.75.
Shares of Harsco (NYSE HSC) traded down $0.05 on Thursday, hitting $19.05. 427,600 shares of the company’s stock traded hands, compared to its average volume of 426,914. Harsco has a one year low of $11.40 and a one year high of $22.00. The firm has a market capitalization of $1,550.00, a PE ratio of 61.45 and a beta of 3.11. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.83 and a current ratio of 1.30.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP increased its position in shares of Harsco by 245.1% in the third quarter. GSA Capital Partners LLP now owns 76,914 shares of the industrial products company’s stock worth $1,608,000 after purchasing an additional 54,629 shares during the period. Neuberger Berman Group LLC lifted its stake in shares of Harsco by 5.2% in the third quarter. Neuberger Berman Group LLC now owns 1,743,410 shares of the industrial products company’s stock worth $36,437,000 after acquiring an additional 86,779 shares during the period. Highbridge Capital Management LLC acquired a new position in shares of Harsco in the third quarter worth approximately $530,000. Cornerstone Capital Management Holdings LLC. lifted its stake in shares of Harsco by 1,038.6% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 200,400 shares of the industrial products company’s stock worth $4,187,000 after acquiring an additional 182,800 shares during the period. Finally, Convergence Investment Partners LLC lifted its stake in shares of Harsco by 62.2% in the third quarter. Convergence Investment Partners LLC now owns 129,959 shares of the industrial products company’s stock worth $2,716,000 after acquiring an additional 49,825 shares during the period. Institutional investors own 81.42% of the company’s stock.
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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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