Harsco Corporation (NYSE:HSC) was upgraded by equities research analysts at Argus from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The firm presently has a $21.00 target price on the industrial products company’s stock. Argus’ price target indicates a potential upside of 12.30% from the stock’s previous close.

HSC has been the subject of a number of other reports. KeyCorp restated an “overweight” rating and issued a $19.00 price objective (up from $17.50) on shares of Harsco Corporation in a research note on Monday, June 26th. BidaskClub cut shares of Harsco Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Zacks Investment Research cut shares of Harsco Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Lake Street Capital restated a “buy” rating on shares of Harsco Corporation in a research note on Friday, August 4th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $19.00 target price (up previously from $18.00) on shares of Harsco Corporation in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $19.50.

Shares of Harsco Corporation (HSC) opened at 18.70 on Friday. The firm’s market capitalization is $1.50 billion. Harsco Corporation has a 12-month low of $8.52 and a 12-month high of $18.75. The company’s 50-day moving average is $16.67 and its 200-day moving average is $14.91.

Harsco Corporation (NYSE:HSC) last issued its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.05. Harsco Corporation had a negative net margin of 1.38% and a positive return on equity of 26.28%. The business had revenue of $394.89 million during the quarter, compared to analysts’ expectations of $384.40 million. During the same period in the previous year, the company earned $0.15 earnings per share. Harsco Corporation’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, equities analysts forecast that Harsco Corporation will post $0.64 earnings per share for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in the stock. Federated Investors Inc. PA increased its position in Harsco Corporation by 1.7% during the second quarter. Federated Investors Inc. PA now owns 7,678 shares of the industrial products company’s stock worth $124,000 after acquiring an additional 132 shares during the period. US Bancorp DE increased its position in Harsco Corporation by 0.5% during the second quarter. US Bancorp DE now owns 33,305 shares of the industrial products company’s stock worth $536,000 after acquiring an additional 157 shares during the period. Parkwood LLC increased its position in Harsco Corporation by 1.0% during the first quarter. Parkwood LLC now owns 15,819 shares of the industrial products company’s stock worth $202,000 after acquiring an additional 159 shares during the period. Municipal Employees Retirement System of Michigan increased its position in Harsco Corporation by 1.6% during the first quarter. Municipal Employees Retirement System of Michigan now owns 18,320 shares of the industrial products company’s stock worth $234,000 after acquiring an additional 290 shares during the period. Finally, Hanson & Doremus Investment Management increased its position in Harsco Corporation by 2.2% during the second quarter. Hanson & Doremus Investment Management now owns 17,070 shares of the industrial products company’s stock worth $275,000 after acquiring an additional 360 shares during the period. 80.68% of the stock is currently owned by institutional investors and hedge funds.

Harsco Corporation Company Profile

Harsco Corporation is a provider of industrial services and engineered products. The Company operates in three segments: Harsco Metals & Minerals, Harsco Industrial and Harsco Rail. The Harsco Metals & Minerals segment provides outsourced on-site services to the global metals industry, with the operations focused in the United States, the United Kingdom, France and Brazil.

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