Zacks Investment Research lowered shares of Harsco Corporation (NYSE:HSC) from a buy rating to a hold rating in a research note published on Wednesday.

According to Zacks, “Harsco Corporation is a services and engineered products company. The principal lines of business are: mill services that are provided to steel and non-ferrous metal producers; gas control and containment products; scaffolding services; railway maintenance of way services and equipment; and several other lines of business including, process equipment, industrial grating and bridge decking, industrial pipe fittings, slag abrasives and roofing granules. “

Other analysts have also recently issued research reports about the stock. Jefferies Group LLC restated a buy rating and issued a $19.00 target price (up previously from $18.00) on shares of Harsco Corporation in a research note on Wednesday, August 9th. BidaskClub cut shares of Harsco Corporation from a buy rating to a hold rating in a research note on Friday, July 28th. Lake Street Capital restated a buy rating on shares of Harsco Corporation in a research note on Friday, August 4th. Argus upgraded shares of Harsco Corporation from a hold rating to a buy rating and set a $21.00 target price for the company in a research note on Friday, September 15th. Finally, KeyCorp restated an overweight rating and issued a $19.00 target price (up previously from $17.50) on shares of Harsco Corporation in a research note on Monday, June 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $19.50.

Harsco Corporation (NYSE HSC) opened at 20.85 on Wednesday. The stock’s market cap is $1.68 billion. The firm has a 50-day moving average of $18.50 and a 200-day moving average of $15.71. Harsco Corporation has a 12-month low of $9.05 and a 12-month high of $21.60.

Harsco Corporation (NYSE:HSC) last released its earnings results on Thursday, August 3rd. The industrial products company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $394.89 million during the quarter, compared to analysts’ expectations of $384.40 million. During the same quarter last year, the business earned $0.15 EPS. The business’s revenue was up 6.7% on a year-over-year basis. Equities analysts predict that Harsco Corporation will post $0.64 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Federated Investors Inc. PA lifted its stake in shares of Harsco Corporation by 1.7% in the second quarter. Federated Investors Inc. PA now owns 7,678 shares of the industrial products company’s stock valued at $124,000 after purchasing an additional 132 shares during the period. US Bancorp DE lifted its stake in shares of Harsco Corporation by 0.5% in the second quarter. US Bancorp DE now owns 33,305 shares of the industrial products company’s stock valued at $536,000 after purchasing an additional 157 shares during the period. Municipal Employees Retirement System of Michigan lifted its stake in shares of Harsco Corporation by 1.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 18,320 shares of the industrial products company’s stock valued at $234,000 after purchasing an additional 290 shares during the period. Hanson & Doremus Investment Management lifted its stake in shares of Harsco Corporation by 2.2% in the second quarter. Hanson & Doremus Investment Management now owns 17,070 shares of the industrial products company’s stock valued at $275,000 after purchasing an additional 360 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Harsco Corporation by 1.6% in the first quarter. BNP Paribas Arbitrage SA now owns 25,093 shares of the industrial products company’s stock valued at $320,000 after purchasing an additional 404 shares during the period. Hedge funds and other institutional investors own 80.67% of the company’s stock.

About Harsco Corporation

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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