Stericycle (NASDAQ: SRCL) recently received a number of ratings updates from brokerages and research firms:

  • 8/9/2017 – Stericycle had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $100.00 price target on the stock.
  • 8/7/2017 – Stericycle was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Stericycle reported solid second-quarter 2017 results with a healthy improvement in revenues on a year-over-year basis. The company has a competitive edge with the largest collection and transportation network in the industry, which reduces operating costs and allows it to compete effectively on both service and price perspectives. International growth rates are expected to accelerate due to increasing customer adoption and expansion into new lines of business. In addition, the acquisition pool of the company remains robust in multiple geographies and lines of business. However, low barriers to entry in the industry and stiff competition from local as well as global players significantly reduce its price control. High operating costs continue to be a headwind for Stericycle. In addition, a challenging macroeconomic environment and volatility in foreign exchange are affecting margins. Stericycle also underperformed the industry year to date.”
  • 8/3/2017 – Stericycle was given a new $108.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.
  • 8/1/2017 – Stericycle was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/24/2017 – Stericycle was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/13/2017 – Stericycle had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $108.00 price target on the stock.
  • 7/5/2017 – Stericycle was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $85.00 price target on the stock. According to Zacks, “Stericycle has a competitive edge with the largest collection and transportation network in the industry, which reduces operating costs and allows it to compete effectively on both service and price perspectives. International growth rates are expected to accelerate due to increasing customer adoption and expansion into new lines of business. With Shred-it on board, Stericycle is expected to further enhance its core compliance solutions portfolio and offer specialized services, thereby augmenting its value proposition to clients. In addition, the acquisition pool of the company remains robust in multiple geographies and lines of business, providing a long-term growth platform for selling multiple services. However, low barriers to entry in the industry and stiff competition from local as well as global players significantly reduce its price control. Stericycle also underperformed the industry year to date.”
  • 6/29/2017 – Stericycle is now covered by analysts at BMO Capital Markets. They set a “market perform” rating and a $81.00 price target on the stock.

Shares of Stericycle, Inc. (NASDAQ:SRCL) opened at 71.44 on Friday. The firm has a 50 day moving average price of $76.62 and a 200-day moving average price of $80.50. Stericycle, Inc. has a 12 month low of $70.24 and a 12 month high of $88.00. The firm’s market cap is $6.09 billion.

Stericycle (NASDAQ:SRCL) last issued its earnings results on Thursday, August 3rd. The business services provider reported $1.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.02. Stericycle had a negative net margin of 0.07% and a positive return on equity of 14.35%. The business had revenue of $917.70 million during the quarter, compared to the consensus estimate of $902.81 million. During the same period last year, the business posted $1.18 EPS. Stericycle’s revenue was up 2.9% on a year-over-year basis. On average, analysts predict that Stericycle, Inc. will post $4.60 EPS for the current fiscal year.

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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