Analysts Set Clean Harbors, Inc. (NYSE:CLH) Target Price at $330.21

Clean Harbors, Inc. (NYSE:CLH) has earned an average recommendation of “Moderate Buy” from the seventeen brokerages that are presently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $354.5714.

Several equities research analysts have recently weighed in on CLH shares. Raymond James Financial reiterated a “strong-buy” rating and set a $375.00 price target on shares of Clean Harbors in a research report on Thursday. Oppenheimer restated an “outperform” rating and issued a $350.00 price objective on shares of Clean Harbors in a research report on Thursday. TD Cowen upped their target price on shares of Clean Harbors from $335.00 to $380.00 and gave the stock a “buy” rating in a report on Thursday. Bank of America set a $377.00 target price on shares of Clean Harbors and gave the stock a “buy” rating in a research note on Thursday. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of Clean Harbors in a report on Wednesday.

Insider Activity

In related news, Director Lauren States sold 789 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total value of $225,803.91. Following the sale, the director owned 11,359 shares in the company, valued at approximately $3,250,832.21. This trade represents a 6.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Clean Harbors

Institutional investors have recently added to or reduced their stakes in the business. Regent Peak Wealth Advisors LLC purchased a new position in shares of Clean Harbors during the second quarter worth about $203,000. Fulton Bank N.A. increased its position in shares of Clean Harbors by 8.3% in the second quarter. Fulton Bank N.A. now owns 3,509 shares of the business services provider’s stock worth $1,048,000 after purchasing an additional 270 shares during the last quarter. Revolve Wealth Partners LLC purchased a new stake in Clean Harbors in the second quarter valued at approximately $817,000. Gradient Investments LLC lifted its position in Clean Harbors by 5.0% during the second quarter. Gradient Investments LLC now owns 10,687 shares of the business services provider’s stock valued at $3,193,000 after purchasing an additional 513 shares during the last quarter. Finally, Quantum Financial Advisors LLC purchased a new position in Clean Harbors in the 2nd quarter worth approximately $205,000. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors News Roundup

Here are the key news stories impacting Clean Harbors this week:

• Positive Sentiment: Strong Q2 earnings beat: Clean Harbors reported earnings of $3.22 per share versus the $2.81 consensus estimate, while revenue reached $1.735 billion, ahead of the $1.64 billion forecast. Revenue increased 11.9% year over year, and earnings rose from $2.36 per share in the prior-year quarter. Clean Harbors Q2 Earnings Snapshot
• Positive Sentiment: Analysts raised targets: TD Cowen increased its target to $380, Citi to $376, Stifel to $364, Truist to $365 and Wells Fargo to $349. Citi, Stifel, TD Cowen and Truist maintained or assigned “buy” ratings, signaling confidence that the company’s growth can continue. Clean Harbors Analysts Boost Their Forecasts
• Positive Sentiment: Growth outlook remains attractive: Zacks highlighted Clean Harbors’ above-average financial growth and long-term market-outperformance potential. The company also reached a new one-year high following the earnings release, reflecting strong investor momentum. 3 Reasons Why Growth Investors Shouldn’t Overlook Clean Harbors
• Neutral Sentiment: Mixed analyst stance: Wells Fargo raised its price target substantially but retained an “equal weight” rating. The broader analyst consensus is “moderate buy,” suggesting optimism but not universal conviction.
• Negative Sentiment: Valuation and profit-taking risks: With the stock near its 52-week high and trading at roughly 38 times earnings, some investors may be taking profits or questioning whether further gains are already priced in. GuruFocus also characterized the shares as overvalued despite a strong overall score. Clean Harbors Valuation Analysis

Clean Harbors Price Performance

Shares of NYSE CLH opened at $313.15 on Thursday. The stock has a market cap of $16.53 billion, a PE ratio of 38.00, a price-to-earnings-growth ratio of 2.25 and a beta of 0.86. Clean Harbors has a fifty-two week low of $201.34 and a fifty-two week high of $335.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.99 and a current ratio of 2.13. The stock has a fifty day moving average of $295.64 and a 200-day moving average of $288.70.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.41. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the prior year, the firm posted $2.36 EPS. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. Equities research analysts anticipate that Clean Harbors will post 9.51 earnings per share for the current year.

Clean Harbors Company Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.