Heritage-Crystal Clean, Inc. (HCCI) Given Consensus Recommendation of “Buy” by Analysts

Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) has been assigned a consensus rating of “Buy” from the eight analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $22.80.

HCCI has been the subject of a number of recent research reports. BidaskClub upgraded shares of Heritage-Crystal Clean from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Robert W. Baird boosted their price target on shares of Heritage-Crystal Clean from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, October 20th. Zacks Investment Research lowered shares of Heritage-Crystal Clean from a “hold” rating to a “sell” rating in a research note on Thursday, October 19th. Roth Capital set a $24.00 price target on shares of Heritage-Crystal Clean and gave the company a “buy” rating in a research note on Friday, October 20th. Finally, Stifel Nicolaus restated a “buy” rating and set a $23.00 price target on shares of Heritage-Crystal Clean in a research note on Thursday, October 19th.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. CMH Wealth Management LLC bought a new stake in shares of Heritage-Crystal Clean in the 4th quarter worth $228,000. Algert Global LLC bought a new stake in shares of Heritage-Crystal Clean in the 3rd quarter worth $4,375,000. Cornerstone Capital Management Holdings LLC. grew its stake in shares of Heritage-Crystal Clean by 73.1% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 83,578 shares of the industrial products company’s stock worth $1,817,000 after acquiring an additional 35,300 shares in the last quarter. OxFORD Asset Management LLP bought a new stake in shares of Heritage-Crystal Clean in the 3rd quarter worth $640,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Heritage-Crystal Clean by 30.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 514,342 shares of the industrial products company’s stock worth $11,187,000 after acquiring an additional 121,150 shares in the last quarter. Hedge funds and other institutional investors own 58.56% of the company’s stock.

Shares of Heritage-Crystal Clean (HCCI) opened at $23.85 on Thursday. The company has a market cap of $547.97, a price-to-earnings ratio of 27.41, a price-to-earnings-growth ratio of 1.77 and a beta of 1.96. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.02 and a current ratio of 2.51. Heritage-Crystal Clean has a one year low of $12.85 and a one year high of $25.20.

Heritage-Crystal Clean (NASDAQ:HCCI) last announced its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $0.15 EPS 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 net margin of 5.56% and a return on equity of 6.76%. equities research analysts forecast that Heritage-Crystal Clean will post 0.63 earnings per share for the current fiscal year.

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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)

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