BidaskClub upgraded shares of Stericycle (NASDAQ:SRCL) from a hold rating to a buy rating in a report released on Wednesday, March 21st.
A number of other analysts have also weighed in on SRCL. Jefferies Group set a $83.00 price objective on Stericycle and gave the stock a buy rating in a research report on Wednesday, December 13th. Oppenheimer reaffirmed a hold rating on shares of Stericycle in a research report on Wednesday, December 13th. Stifel Nicolaus reaffirmed a buy rating and set a $85.00 price objective on shares of Stericycle in a research report on Thursday, December 28th. Zacks Investment Research raised Stericycle from a sell rating to a hold rating in a report on Wednesday, January 10th. Finally, Royal Bank of Canada increased their target price on Stericycle to $75.00 and gave the company an underperform rating in a report on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $70.67.
NASDAQ:SRCL traded up $0.59 during trading hours on Wednesday, reaching $58.74. 997,053 shares of the stock were exchanged, compared to its average volume of 1,033,689. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.90. Stericycle has a twelve month low of $56.64 and a twelve month high of $88.00. The stock has a market capitalization of $4,945.32, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 1.31 and a beta of 0.39.
Stericycle (NASDAQ:SRCL) last released its quarterly earnings results on Wednesday, February 21st. The business services provider reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.14). Stericycle had a return on equity of 13.83% and a net margin of 1.18%. The firm had revenue of $887.80 million for the quarter, compared to analyst estimates of $882.62 million. During the same quarter last year, the company earned $1.00 earnings per share. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. sell-side analysts expect that Stericycle will post 4.58 EPS for the current fiscal year.
In other news, Director Jack W. Schuler acquired 10,000 shares of the company’s stock in a transaction on Thursday, March 1st. The shares were bought at an average price of $62.59 per share, with a total value of $625,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.50% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in SRCL. Clarkston Capital Partners LLC boosted its stake in shares of Stericycle by 97.5% during the fourth quarter. Clarkston Capital Partners LLC now owns 2,002,235 shares of the business services provider’s stock worth $136,132,000 after buying an additional 988,350 shares during the period. Schroder Investment Management Group lifted its position in Stericycle by 89.3% in the third quarter. Schroder Investment Management Group now owns 1,973,743 shares of the business services provider’s stock valued at $141,556,000 after purchasing an additional 931,300 shares during the period. Wells Fargo & Company MN lifted its position in Stericycle by 48.6% in the fourth quarter. Wells Fargo & Company MN now owns 2,821,600 shares of the business services provider’s stock valued at $191,840,000 after purchasing an additional 922,641 shares during the period. Mondrian Investment Partners LTD acquired a new stake in Stericycle in the fourth quarter valued at about $48,672,000. Finally, Sterling Capital Management LLC acquired a new stake in Stericycle in the fourth quarter valued at about $22,215,000. Institutional investors and hedge funds own 94.28% of the company’s stock.
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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.
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