Harsco Corp. (NYSE:HSC) had its target price raised by equities researchers at KeyCorp from $12.00 to $16.00 in a report issued on Tuesday. The firm presently has an “overweight” rating on the stock. KeyCorp’s price target would indicate a potential upside of 14.29% from the stock’s previous close.

A number of other research firms have also recently commented on HSC. TheStreet upgraded shares of Harsco Corp. from a “sell” rating to a “hold” rating in a report on Thursday, November 17th. Zacks Investment Research downgraded shares of Harsco Corp. from a “buy” rating to a “hold” rating in a research report on Monday, November 7th. Jefferies Group increased their price objective on shares of Harsco Corp. from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Monday, October 3rd. Finally, Lake Street Capital assumed coverage on shares of Harsco Corp. in a research report on Tuesday, September 13th. They set a “buy” rating and a $17.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $14.50.

Harsco Corp. (NYSE:HSC) opened at 14.00 on Tuesday. The stock’s market capitalization is $1.12 billion. The company has a 50-day moving average of $10.95 and a 200-day moving average of $9.20. Harsco Corp. has a 1-year low of $3.55 and a 1-year high of $14.30.

Harsco Corp. (NYSE:HSC) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.01. Harsco Corp. had a negative net margin of 5.21% and a positive return on equity of 11.33%. The firm had revenue of $368 million for the quarter, compared to analysts’ expectations of $367.85 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The business’s revenue for the quarter was down 14.0% on a year-over-year basis. Analysts anticipate that Harsco Corp. will post $0.41 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HSC. Credit Suisse AG increased its position in Harsco Corp. by 25.9% in the third quarter. Credit Suisse AG now owns 195,040 shares of the company’s stock valued at $1,937,000 after buying an additional 40,078 shares during the last quarter. Penn Capital Management Co. Inc. increased its position in Harsco Corp. by 230.3% in the third quarter. Penn Capital Management Co. Inc. now owns 1,414,313 shares of the company’s stock valued at $14,049,000 after buying an additional 986,146 shares during the last quarter. Verition Fund Management LLC acquired a new position in Harsco Corp. during the third quarter valued at $292,000. Connor Clark & Lunn Investment Management Ltd. increased its position in Harsco Corp. by 4.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 504,002 shares of the company’s stock valued at $5,005,000 after buying an additional 22,202 shares during the last quarter. Finally, Panagora Asset Management Inc. acquired a new position in Harsco Corp. during the third quarter valued at $1,694,000. Institutional investors and hedge funds own 81.67% of the company’s stock.

Harsco Corp. Company Profile

Harsco Corporation is a provider of industrial services and engineered products serving global industries. The Company operates in three segments: Harsco Metals & Minerals, Harsco Industrial and Harsco Rail. Its Harsco Metals & Minerals segment is a provider of on-site, outsourced services to the metals industries across the world.

5 Day Chart for NYSE:HSC

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