Stericycle Inc (NASDAQ:SRCL) has received an average recommendation of “Hold” from the eleven ratings firms that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $71.00.

A number of brokerages have commented on SRCL. Northcoast Research reiterated a “neutral” rating on shares of Stericycle in a report on Friday, October 12th. Zacks Investment Research downgraded shares of Stericycle from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. Barrington Research set a $72.00 target price on shares of Stericycle and gave the stock a “buy” rating in a report on Friday, October 5th. BidaskClub lowered Stericycle from a “hold” rating to a “sell” rating in a research note on Friday, October 5th. Finally, BMO Capital Markets dropped their price target on Stericycle from $71.00 to $63.00 and set a “market perform” rating on the stock in a research note on Monday, August 6th.

Shares of Stericycle stock opened at $53.75 on Thursday. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 1.38 and a beta of 0.35. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.87. Stericycle has a one year low of $51.45 and a one year high of $76.73.

Stericycle (NASDAQ:SRCL) last announced its earnings results on Thursday, August 2nd. The business services provider reported $1.17 EPS for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.04. The business had revenue of $883.30 million during the quarter, compared to the consensus estimate of $896.62 million. Stericycle had a net margin of 5.03% and a return on equity of 14.04%. The firm’s revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.15 earnings per share. On average, sell-side analysts anticipate that Stericycle will post 4.43 EPS for the current year.

In other news, CFO Daniel Ginnetti sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $70.00, for a total transaction of $350,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 10,060 shares of company stock worth $707,912 in the last 90 days. Insiders own 3.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of SRCL. Federated Investors Inc. PA boosted its position in Stericycle by 129.5% in the first quarter. Federated Investors Inc. PA now owns 2,088 shares of the business services provider’s stock valued at $122,000 after buying an additional 1,178 shares during the last quarter. Whittier Trust Co. boosted its position in Stericycle by 362.6% in the second quarter. Whittier Trust Co. now owns 1,087 shares of the business services provider’s stock valued at $129,000 after buying an additional 852 shares during the last quarter. Dupont Capital Management Corp boosted its position in Stericycle by 102.2% in the second quarter. Dupont Capital Management Corp now owns 2,089 shares of the business services provider’s stock valued at $136,000 after buying an additional 1,056 shares during the last quarter. NumerixS Investment Technologies Inc boosted its position in Stericycle by 285.0% in the second quarter. NumerixS Investment Technologies Inc now owns 2,695 shares of the business services provider’s stock valued at $174,000 after buying an additional 1,995 shares during the last quarter. Finally, Intact Investment Management Inc. purchased a new stake in Stericycle in the second quarter valued at approximately $202,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Stericycle Company Profile

Stericycle, Inc, together with its subsidiaries, provides regulated and compliance solutions to the healthcare, retail, and commercial businesses in the United States and internationally. It collects and processes regulated and specialized waste for disposal services; and collects personal and confidential information for secure destruction, as well as offers training, consulting, recall/return, communication, and compliance services.

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Analyst Recommendations for Stericycle (NASDAQ:SRCL)

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