ValuEngine Lowers Harsco Corporation (HSC) to Hold
Harsco Corporation (NYSE:HSC) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Tuesday.
A number of other equities research analysts have also recently issued reports on HSC. BidaskClub cut Harsco Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Lake Street Capital restated a “buy” rating on shares of Harsco Corporation in a report on Friday, August 4th. Zacks Investment Research upgraded Harsco Corporation from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Tuesday, August 8th. Jefferies Group LLC restated a “buy” rating and set a $19.00 price objective (up previously from $18.00) on shares of Harsco Corporation in a report on Wednesday, August 9th. Finally, Argus upgraded Harsco Corporation from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Friday, September 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $20.00.
Shares of Harsco Corporation (NYSE HSC) opened at $17.05 on Tuesday. Harsco Corporation has a 1-year low of $11.40 and a 1-year high of $22.00. The stock has a market capitalization of $1,419.84, a P/E ratio of 25.58 and a beta of 3.18. The company has a current ratio of 1.30, a quick ratio of 0.83 and a debt-to-equity ratio of 2.87.
Harsco Corporation (NYSE:HSC) last issued its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. Harsco Corporation had a return on equity of 32.46% and a net margin of 1.69%. The company had revenue of $384.65 million during the quarter, compared to analysts’ expectations of $398.85 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. equities research analysts expect that Harsco Corporation will post 0.68 EPS for the current year.
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Several hedge funds have recently modified their holdings of HSC. Flinton Capital Management LLC boosted its stake in shares of Harsco Corporation by 71.9% in the second quarter. Flinton Capital Management LLC now owns 6,496 shares of the industrial products company’s stock valued at $105,000 after buying an additional 2,716 shares during the period. Federated Investors Inc. PA boosted 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 buying an additional 132 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of Harsco Corporation in the second quarter valued at approximately $167,000. Greenwood Capital Associates LLC bought a new stake in shares of Harsco Corporation in the second quarter valued at approximately $186,000. Finally, Amalgamated Bank boosted its stake in shares of Harsco Corporation by 5.8% in the second quarter. Amalgamated Bank now owns 11,536 shares of the industrial products company’s stock valued at $186,000 after buying an additional 634 shares during the period. Institutional investors and hedge funds own 78.51% 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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