Stericycle, Inc. (NASDAQ:SRCL)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $69.67 and last traded at $69.57, with a volume of 423,231 shares changing hands. The stock had previously closed at $70.50.

A number of equities analysts have weighed in on SRCL shares. Deutsche Bank AG cut their price target on shares of Stericycle from $14.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, May 15th. BMO Capital Markets started coverage on shares of Stericycle in a research note on Thursday, June 29th. They set a “market perform” rating and a $81.00 price target on the stock. Jefferies Group LLC set a $108.00 price target on shares of Stericycle and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of Stericycle from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Wednesday, July 5th. Finally, Robert W. Baird downgraded shares of 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. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. Stericycle has an average rating of “Hold” and a consensus target price of $81.15.

The firm’s market cap is $6.00 billion. The company’s 50-day moving average price is $73.73 and its 200 day moving average price is $79.54.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of SRCL. Retirement Systems of Alabama lifted its stake in Stericycle by 2.0% in the first quarter. Retirement Systems of Alabama now owns 41,127 shares of the business services provider’s stock valued at $3,409,000 after acquiring an additional 798 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in Stericycle in the first quarter valued at approximately $217,000. Sumitomo Mitsui Asset Management Company LTD lifted its stake in Stericycle by 17.9% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 7,276 shares of the business services provider’s stock valued at $603,000 after acquiring an additional 1,104 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Stericycle by 2.2% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 231,466 shares of the business services provider’s stock valued at $19,186,000 after acquiring an additional 4,911 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Stericycle by 121.1% in the first quarter. First Trust Advisors LP now owns 234,954 shares of the business services provider’s stock valued at $19,475,000 after acquiring an additional 128,665 shares during the last quarter. Hedge funds and other institutional investors own 93.72% of the company’s stock.

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About Stericycle

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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