BidaskClub Upgrades Heritage-Crystal Clean (HCCI) to Hold
Heritage-Crystal Clean (NASDAQ:HCCI) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Wednesday.
Several other research firms have also weighed in on HCCI. Zacks Investment Research lowered Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Stifel Nicolaus reissued a “buy” rating and issued a $23.00 target price on shares of Heritage-Crystal Clean in a research note on Thursday, October 19th. Roth Capital set a $24.00 target price on Heritage-Crystal Clean and gave the company a “buy” rating in a research note on Friday, October 20th. Finally, Robert W. Baird increased their target price on Heritage-Crystal Clean from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $22.50.
Heritage-Crystal Clean (HCCI) opened at $19.25 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.02 and a current ratio of 2.51. Heritage-Crystal Clean has a one year low of $12.85 and a one year high of $22.21. The stock has a market capitalization of $440.44, a price-to-earnings ratio of 31.64, a PEG ratio of 1.89 and a beta of 1.96.
Heritage-Crystal Clean (NASDAQ:HCCI) last issued its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.03). Heritage-Crystal Clean had a net margin of 5.56% and a return on equity of 6.76%. The firm had revenue of $83.33 million for the quarter, compared to analyst estimates of $85.32 million. analysts forecast that Heritage-Crystal Clean will post 0.63 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the business. 361 Capital LLC acquired a new position in Heritage-Crystal Clean in the third quarter valued at about $2,321,000. Janus Henderson Group PLC acquired a new stake in shares of Heritage-Crystal Clean during the second quarter worth about $1,193,000. TIAA CREF Investment Management LLC raised its position in shares of Heritage-Crystal Clean by 11.7% during the second quarter. TIAA CREF Investment Management LLC now owns 51,561 shares of the industrial products company’s stock worth $820,000 after purchasing an additional 5,420 shares during the period. Wedge Capital Management L L P NC raised its position in shares of Heritage-Crystal Clean by 15.7% during the third quarter. Wedge Capital Management L L P NC now owns 70,100 shares of the industrial products company’s stock worth $1,525,000 after purchasing an additional 9,500 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Heritage-Crystal Clean by 7.5% during the first quarter. Dimensional Fund Advisors LP now owns 350,661 shares of the industrial products company’s stock worth $4,804,000 after purchasing an additional 24,493 shares during the period. 58.56% of the stock is currently owned by hedge funds and other institutional investors.
About Heritage-Crystal Clean
Heritage-Crystal Clean, Inc provides full-service parts cleaning, containerized waste management, used oil collection, vacuum truck services and antifreeze recycling. The Company owns and operates a used oil re-refinery. The Company operates through two segments: Environmental Services and Oil Business.
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