Stericycle, Inc. (SRCL) PT Set at $108.00 by Jefferies Group LLC
SRCL has been the subject of several other reports. BidaskClub lowered Stericycle from a sell rating to a strong sell rating in a report on Tuesday, August 1st. Deutsche Bank AG reduced their price target on Stericycle from $14.00 to $10.00 and set a buy rating for the company in a report on Monday, May 15th. Robert W. Baird lowered Stericycle from a neutral rating to an underperform rating and reduced their price target for the company from $74.00 to $73.00 in a report on Friday, May 5th. Zacks Investment Research lowered Stericycle from a buy rating to a hold rating in a report on Tuesday, May 2nd. Finally, Barclays PLC initiated coverage on Stericycle in a report on Thursday, April 13th. They set an overweight rating and a $100.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $81.15.
Stericycle (SRCL) traded down 5.21% on Thursday, reaching $78.45. 2,662,126 shares of the company traded hands. Stericycle has a 52-week low of $71.52 and a 52-week high of $90.45. The stock has a market capitalization of $6.69 billion, a price-to-earnings ratio of 40.88 and a beta of 0.13. The firm has a 50 day moving average price of $76.84 and a 200 day moving average price of $80.67.
Stericycle (NASDAQ:SRCL) last released its earnings results on Thursday, August 3rd. The business services provider reported $1.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.02. The company had revenue of $917.70 million for the quarter, compared to analysts’ expectations of $902.81 million. Stericycle had a positive return on equity of 14.23% and a negative net margin of 0.07%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.18 EPS. Equities research analysts predict that Stericycle will post $4.63 EPS for the current year.
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A number of large investors have recently bought and sold shares of the company. Kernodle & Katon Asset Management Group LLC bought a new stake in Stericycle during the first quarter valued at $100,000. Heritage Trust Co bought a new stake in Stericycle during the first quarter valued at $124,000. Pacer Advisors Inc. raised its stake in Stericycle by 3.3% in the first quarter. Pacer Advisors Inc. now owns 1,735 shares of the business services provider’s stock valued at $144,000 after buying an additional 55 shares during the period. Invictus RG bought a new stake in Stericycle during the first quarter valued at $145,000. Finally, Morgan Dempsey Capital Management LLC raised its stake in Stericycle by 2.6% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,902 shares of the business services provider’s stock valued at $158,000 after buying an additional 48 shares during the period. Hedge funds and other institutional investors own 95.12% of the company’s stock.
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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