Canaccord Genuity Reaffirms Buy Rating for US Ecology, Inc. (NASDAQ:ECOL)
US Ecology, Inc. (NASDAQ:ECOL)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity in a report issued on Wednesday. They presently have a $60.00 price objective on the business services provider’s stock. Canaccord Genuity’s target price would suggest a potential upside of 16.50% from the company’s previous close.
Other research analysts have also issued research reports about the company. Stifel Nicolaus reiterated a “buy” rating and issued a $60.00 price target on shares of US Ecology in a report on Sunday, July 30th. BidaskClub upgraded US Ecology from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Zacks Investment Research upgraded US Ecology from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Tuesday, April 25th. Finally, BMO Capital Markets initiated coverage on US Ecology in a report on Thursday, June 29th. They issued a “market perform” rating and a $54.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $53.60.
US Ecology (ECOL) traded down 2.91% during trading on Wednesday, reaching $50.00. 72,651 shares of the company’s stock traded hands. The firm has a 50 day moving average of $51.73 and a 200 day moving average of $50.18. US Ecology has a 1-year low of $38.00 and a 1-year high of $55.00. The firm has a market capitalization of $1.09 billion, a PE ratio of 39.09 and a beta of 0.67.
US Ecology (NASDAQ:ECOL) last announced its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.38. The business had revenue of $126.06 million for the quarter, compared to analyst estimates of $128.38 million. US Ecology had a return on equity of 11.37% and a net margin of 5.86%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 earnings per share. Equities analysts forecast that US Ecology will post $1.78 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: “Canaccord Genuity Reaffirms Buy Rating for US Ecology, Inc. (NASDAQ:ECOL)” was originally published by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The correct version of this piece of content can be read at https://www.dailypolitical.com/2017/08/09/canaccord-genuity-reaffirms-buy-rating-for-us-ecology-inc-nasdaqecol.html.
In other news, Director Stephen A. Romano sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $52.05, for a total value of $156,150.00. Following the transaction, the director now owns 28,395 shares in the company, valued at $1,477,959.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new position in US Ecology during the fourth quarter worth $6,354,000. Teachers Advisors LLC raised its position in US Ecology by 1.8% in the fourth quarter. Teachers Advisors LLC now owns 35,100 shares of the business services provider’s stock worth $1,725,000 after buying an additional 621 shares in the last quarter. Macquarie Group Ltd. raised its position in US Ecology by 27.6% in the fourth quarter. Macquarie Group Ltd. now owns 430,537 shares of the business services provider’s stock worth $21,161,000 after buying an additional 93,144 shares in the last quarter. WCM Investment Management CA raised its position in US Ecology by 9.1% in the first quarter. WCM Investment Management CA now owns 7,197 shares of the business services provider’s stock worth $337,000 after buying an additional 600 shares in the last quarter. Finally, Fenimore Asset Management Inc. raised its position in US Ecology by 0.8% in the first quarter. Fenimore Asset Management Inc. now owns 402,772 shares of the business services provider’s stock worth $18,870,000 after buying an additional 3,375 shares in the last quarter. Institutional investors own 85.51% of the company’s stock.
About US Ecology
US Ecology, Inc is a provider of environmental services to commercial and government entities. The Company offers treatment, disposal and recycling of hazardous, non-hazardous and radioactive waste, as well as a range of field and industrial services. The Company operates in two business segments: Environmental Services, and Field & Industrial Services.
Receive News & Ratings for US Ecology Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Ecology Inc. and related companies with MarketBeat.com's FREE daily email newsletter.