Stericycle, Inc. (SRCL) Rating Reiterated by Jefferies Group LLC
Stericycle, Inc. (NASDAQ:SRCL)‘s stock had its “buy” rating reaffirmed by stock analysts at Jefferies Group LLC in a research note issued on Thursday. They presently have a $108.00 target price on the business services provider’s stock. Jefferies Group LLC’s price objective would suggest a potential upside of 41.55% from the stock’s previous close.
SRCL has been the subject of several other research reports. BMO Capital Markets started coverage on Stericycle in a research note on Thursday, June 29th. They set a “market perform” rating and a $81.00 price target for the company. Barclays PLC started coverage on Stericycle in a research note on Thursday, April 13th. They set an “overweight” rating and a $100.00 price target for the company. Zacks Investment Research upgraded Stericycle from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a research note on Tuesday, April 25th. Robert W. Baird downgraded Stericycle from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $74.00 to $73.00 in a research note on Monday, May 15th. Finally, Deutsche Bank AG cut their price target on Stericycle from $14.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, May 15th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $81.15.
Stericycle (NASDAQ:SRCL) opened at 76.30 on Thursday. The firm’s 50-day moving average is $80.67 and its 200-day moving average is $80.83. The company has a market capitalization of $6.51 billion, a PE ratio of 39.76 and a beta of 0.14. Stericycle has a 52-week low of $71.52 and a 52-week high of $107.74.
Stericycle (NASDAQ:SRCL) last announced its earnings results on Thursday, May 4th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.04. Stericycle had a return on equity of 14.40% and a net margin of 5.23%. The firm had revenue of $892.40 million during the quarter, compared to analyst estimates of $874.34 million. During the same period last year, the firm posted $1.11 EPS. The business’s revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts forecast that Stericycle will post $4.62 EPS for the current year.
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Several institutional investors have recently made changes to their positions in the stock. Capital Investment Services of America Inc. boosted its position in shares of Stericycle by 10.0% in the first quarter. Capital Investment Services of America Inc. now owns 108,771 shares of the business services provider’s stock worth $9,016,000 after buying an additional 9,909 shares in the last quarter. Highbridge Capital Management LLC purchased a new position in shares of Stericycle during the fourth quarter worth $660,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Stericycle during the fourth quarter worth $212,000. Kentucky Retirement Systems purchased a new position in shares of Stericycle during the fourth quarter worth $476,000. Finally, Teachers Advisors LLC boosted its position in shares of Stericycle by 6.3% in the fourth quarter. Teachers Advisors LLC now owns 90,583 shares of the business services provider’s stock worth $6,979,000 after buying an additional 5,332 shares in the last quarter. 95.50% of the stock is currently owned by institutional investors.
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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