KeyCorp reissued their buy rating on shares of Harsco (NYSE:HSC) in a research note released on Tuesday. They currently have a $25.00 target price on the industrial products company’s stock, up from their previous target price of $23.00.

Several other equities analysts have also recently issued reports on HSC. Zacks Investment Research upgraded Harsco from a hold rating to a buy rating and set a $21.00 price target on the stock in a research report on Friday, November 10th. ValuEngine cut Harsco from a buy rating to a hold rating in a research report on Tuesday, November 14th. Argus boosted their price target on Harsco to $24.00 and gave the company a buy rating in a research report on Thursday, January 11th. Alembic Global Advisors restated a buy rating on shares of Harsco in a research report on Friday, February 23rd. Finally, Lake Street Capital reiterated a buy rating and set a $30.00 target price (up previously from $26.00) on shares of Harsco in a research report on Friday, February 23rd. One analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Harsco has an average rating of Buy and a consensus target price of $24.00.

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Harsco (NYSE:HSC) opened at $19.80 on Tuesday. The stock has a market capitalization of $1,590.00, a PE ratio of 247.50 and a beta of 2.68. Harsco has a 52-week low of $11.40 and a 52-week high of $22.00. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.25 and a quick ratio of 0.87.

Harsco (NYSE:HSC) last issued its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.06. The firm had revenue of $455.00 million for the quarter, compared to analysts’ expectations of $432.50 million. Harsco had a return on equity of 30.82% and a net margin of 0.49%. The firm’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 EPS. equities analysts expect that Harsco will post 1.1 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in Harsco by 1.8% during the 4th quarter. BlackRock Inc. now owns 10,490,112 shares of the industrial products company’s stock worth $195,642,000 after purchasing an additional 190,286 shares during the period. Rothschild Asset Management Inc. increased its position in Harsco by 6.6% during the 3rd quarter. Rothschild Asset Management Inc. now owns 2,131,684 shares of the industrial products company’s stock worth $44,552,000 after purchasing an additional 132,034 shares during the period. State Street Corp increased its position in Harsco by 4.1% during the 2nd quarter. State Street Corp now owns 1,999,994 shares of the industrial products company’s stock worth $32,197,000 after purchasing an additional 78,104 shares during the period. Fuller & Thaler Asset Management Inc. increased its position in Harsco by 0.5% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,944,657 shares of the industrial products company’s stock worth $40,643,000 after purchasing an additional 10,361 shares during the period. Finally, Hood River Capital Management LLC increased its position in Harsco by 35.5% during the 4th quarter. Hood River Capital Management LLC now owns 1,786,307 shares of the industrial products company’s stock worth $33,315,000 after purchasing an additional 468,117 shares during the period. Institutional investors own 83.08% of the company’s stock.

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Harsco 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.

Analyst Recommendations for Harsco (NYSE:HSC)

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