Jefferies Group LLC Analysts Give Stericycle, Inc. (SRCL) a $108.00 Price Target
Jefferies Group LLC set a $108.00 target price on Stericycle, Inc. (NASDAQ:SRCL) in a report released on Tuesday morning. The firm currently has a buy rating on the business services provider’s stock. Jefferies Group also issued estimates for Stericycle’s Q3 2017 earnings at $1.13 EPS, Q4 2017 earnings at $1.22 EPS, FY2017 earnings at $4.59 EPS and FY2018 earnings at $4.80 EPS.
Several other equities research analysts also recently weighed in on SRCL. 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 target price on the stock. Zacks Investment Research raised shares of Stericycle from a hold rating to a buy rating and set a $85.00 target price on the stock in a research note on Wednesday, July 5th. BidaskClub raised shares of Stericycle from a strong sell rating to a sell rating in a research note on Monday, July 24th. Barclays PLC reaffirmed an overweight rating and set a $100.00 target price on shares of Stericycle in a research note on Wednesday, August 9th. Finally, William Blair reissued an ourperform rating on shares of Stericycle in a research report on Thursday, September 14th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. Stericycle presently has a consensus rating of Hold and a consensus target price of $81.25.
Stericycle (NASDAQ SRCL) traded up 1.10% during trading on Tuesday, hitting $72.69. 560,887 shares of the stock were exchanged. The stock’s market cap is $6.20 billion. Stericycle has a 12 month low of $68.62 and a 12 month high of $88.00. The stock’s 50 day moving average price is $71.12 and its 200 day moving average price is $77.21.
Stericycle (NASDAQ:SRCL) last announced its earnings results on Thursday, August 3rd. The business services provider reported $1.15 earnings per share for the quarter, topping the 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 firm had revenue of $917.70 million for the quarter, compared to the consensus estimate of $902.81 million. During the same period in the prior year, the firm earned $1.18 EPS. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. Analysts forecast that Stericycle will post $4.59 EPS for the current fiscal year.
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Several institutional investors have recently modified their holdings of SRCL. BlackRock Inc. boosted its holdings in shares of Stericycle by 3,492.3% in the 1st quarter. BlackRock Inc. now owns 5,089,580 shares of the business services provider’s stock valued at $421,877,000 after buying an additional 4,947,900 shares in the last quarter. Schroder Investment Management Group acquired a new position in shares of Stericycle in the 2nd quarter valued at $80,497,000. Thompson Siegel & Walmsley LLC acquired a new position in shares of Stericycle in the 2nd quarter valued at $33,710,000. Morgan Stanley boosted its holdings in shares of Stericycle by 110.4% in the 1st quarter. Morgan Stanley now owns 625,893 shares of the business services provider’s stock valued at $51,881,000 after buying an additional 328,431 shares in the last quarter. Finally, Strs Ohio boosted its holdings in shares of Stericycle by 26,943.3% in the 2nd quarter. Strs Ohio now owns 328,306 shares of the business services provider’s stock valued at $25,056,000 after buying an additional 327,092 shares in the last quarter. Institutional investors and hedge funds own 93.54% of the company’s stock.
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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