Stericycle (NASDAQ:SRCL) had its target price decreased by BMO Capital Markets from $58.00 to $51.00 in a research report sent to investors on Tuesday, The Fly reports. BMO Capital Markets currently has a market perform rating on the business services provider’s stock.

A number of other equities analysts have also weighed in on the stock. Bank of America decreased their price target on shares of Stericycle from $53.00 to $50.00 and set an underperform rating on the stock in a report on Friday, November 2nd. Robert W. Baird decreased their price target on shares of Stericycle from $70.00 to $56.00 and set a neutral rating on the stock in a report on Friday, November 2nd. Northcoast Research reiterated a neutral rating on shares of Stericycle in a report on Friday, October 12th. Zacks Investment Research lowered shares of Stericycle from a hold rating to a sell rating in a report on Tuesday, October 9th. Finally, Barrington Research set a $72.00 price target on shares of Stericycle and gave the company a buy rating in a report on Friday, October 5th. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Stericycle presently has a consensus rating of Hold and a consensus price target of $65.38.

NASDAQ SRCL traded down $0.20 during mid-day trading on Tuesday, reaching $47.66. 1,229,511 shares of the stock were exchanged, compared to its average volume of 1,264,153. Stericycle has a 1-year low of $45.55 and a 1-year high of $76.73. The firm has a market cap of $4.40 billion, a P/E ratio of 10.98, a price-to-earnings-growth ratio of 1.26 and a beta of 0.52. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.07 and a current ratio of 1.07.

Stericycle (NASDAQ:SRCL) last announced its earnings results on Thursday, November 1st. The business services provider reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.02. The firm had revenue of $854.90 million for the quarter, compared to analyst estimates of $856.36 million. Stericycle had a net margin of 4.63% and a return on equity of 13.74%. Stericycle’s revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.10 earnings per share. As a group, equities analysts predict that Stericycle will post 4.38 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in SRCL. Whittier Trust Co. raised its stake in shares of Stericycle by 362.6% in the 2nd quarter. Whittier Trust Co. now owns 1,087 shares of the business services provider’s stock valued at $129,000 after acquiring an additional 852 shares during the period. Zions Bancorporation purchased a new position in shares of Stericycle in the 3rd quarter valued at $130,000. Dupont Capital Management Corp raised its stake in shares of Stericycle by 102.2% in the 2nd quarter. Dupont Capital Management Corp now owns 2,089 shares of the business services provider’s stock valued at $136,000 after acquiring an additional 1,056 shares during the period. Pflug Koory LLC raised its stake in shares of Stericycle by 106.6% in the 3rd quarter. Pflug Koory LLC now owns 2,810 shares of the business services provider’s stock valued at $165,000 after acquiring an additional 1,450 shares during the period. Finally, NumerixS Investment Technologies Inc raised its stake in shares of Stericycle by 285.0% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 2,695 shares of the business services provider’s stock valued at $174,000 after acquiring an additional 1,995 shares during the period. Institutional investors own 95.11% 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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