Stericycle Inc (SRCL) Given Average Recommendation of “Hold” by Brokerages

Shares of Stericycle Inc (NASDAQ:SRCL) have earned an average rating of “Hold” from the fourteen ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $72.44.

A number of brokerages have issued reports on SRCL. BidaskClub upgraded Stericycle from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Zacks Investment Research upgraded Stericycle from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Royal Bank of Canada raised their target price on Stericycle to $75.00 and gave the stock an “underperform” rating in a report on Friday, January 19th. Barrington Research reduced their target price on Stericycle from $87.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, November 10th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $72.00 price target on shares of Stericycle in a research report on Wednesday, January 24th.

In other news, Director Mark C. Miller sold 19,753 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $63.33, for a total transaction of $1,250,957.49. Following the sale, the director now owns 205,854 shares of the company’s stock, valued at $13,036,733.82. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 59,259 shares of company stock worth $3,847,687. 3.50% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Merchants Corp acquired a new stake in Stericycle in the 3rd quarter valued at approximately $1,483,000. California Public Employees Retirement System raised its position in Stericycle by 2.9% in the 3rd quarter. California Public Employees Retirement System now owns 156,984 shares of the business services provider’s stock valued at $11,243,000 after buying an additional 4,384 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Stericycle by 29.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 64,921 shares of the business services provider’s stock valued at $4,368,000 after buying an additional 14,677 shares during the last quarter. Janus Henderson Group PLC raised its position in Stericycle by 31.4% in the 2nd quarter. Janus Henderson Group PLC now owns 16,847 shares of the business services provider’s stock valued at $1,286,000 after buying an additional 4,021 shares during the last quarter. Finally, Stifel Financial Corp raised its position in Stericycle by 15.1% in the 3rd quarter. Stifel Financial Corp now owns 99,039 shares of the business services provider’s stock valued at $7,128,000 after buying an additional 12,997 shares during the last quarter. 95.92% of the stock is currently owned by institutional investors.

Stericycle (NASDAQ SRCL) opened at $70.15 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.93. Stericycle has a 1-year low of $61.25 and a 1-year high of $88.00. The stock has a market capitalization of $6,023.06, a PE ratio of -123.07, a price-to-earnings-growth ratio of 1.71 and a beta of 0.26.

Stericycle (NASDAQ:SRCL) last issued 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 company had revenue of $883.00 million for the quarter, compared to the consensus estimate of $896.81 million. During the same quarter last year, the business posted $1.24 EPS. Stericycle’s quarterly revenue was down .8% on a year-over-year basis. sell-side analysts expect that Stericycle will post 4.49 EPS for the current year.

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Stericycle Company Profile

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.

Analyst Recommendations for Stericycle (NASDAQ:SRCL)

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